Telos Capital Management Inc. Invests $1.32 Million in The Charles Schwab Co. (NYSE:SCHW)

Telos Capital Management Inc. bought a new position in The Charles Schwab Co. (NYSE:SCHW) during the fourth quarter, Holdings Channel.com reports. The firm bought 19,196 shares of the financial services provider’s stock, valued at approximately $1,321,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Providence Capital Advisors LLC purchased a new position in shares of Charles Schwab in the 3rd quarter worth approximately $28,000. Sugarloaf Wealth Management LLC boosted its stake in shares of Charles Schwab by 60.0% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock worth $30,000 after buying an additional 165 shares during the last quarter. Worth Asset Management LLC purchased a new position in shares of Charles Schwab in the 1st quarter worth approximately $32,000. BluePath Capital Management LLC purchased a new position in shares of Charles Schwab in the 3rd quarter worth approximately $34,000. Finally, Hall Laurie J Trustee purchased a new position in shares of Charles Schwab in the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Insiders Place Their Bets

In other Charles Schwab news, CFO Peter B. Crawford sold 4,000 shares of the firm’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $64.49, for a total value of $257,960.00. Following the completion of the sale, the chief financial officer now directly owns 37,611 shares in the company, valued at $2,425,533.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Chairman Charles R. Schwab sold 16,390 shares of Charles Schwab stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $63.94, for a total transaction of $1,047,976.60. Following the completion of the transaction, the chairman now directly owns 61,331,688 shares in the company, valued at $3,921,548,130.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Peter B. Crawford sold 4,000 shares of Charles Schwab stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $64.49, for a total transaction of $257,960.00. Following the transaction, the chief financial officer now owns 37,611 shares of the company’s stock, valued at $2,425,533.39. The disclosure for this sale can be found here. Insiders sold 216,584 shares of company stock worth $14,200,769 over the last three months. Company insiders own 6.60% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on SCHW. Citigroup lifted their price target on shares of Charles Schwab from $70.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. TD Cowen lifted their price target on shares of Charles Schwab from $87.00 to $92.00 and gave the stock a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. lifted their price target on shares of Charles Schwab from $86.00 to $89.00 and gave the stock an “overweight” rating in a report on Tuesday. JMP Securities reaffirmed a “market outperform” rating and issued a $80.00 price target on shares of Charles Schwab in a report on Tuesday. Finally, Barclays lifted their price target on shares of Charles Schwab from $74.00 to $75.00 and gave the stock an “equal weight” rating in a report on Tuesday. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $74.47.

Charles Schwab Stock Down 0.8 %

SCHW opened at $72.50 on Thursday. The stock has a market cap of $128.76 billion, a PE ratio of 30.33, a P/E/G ratio of 1.10 and a beta of 1.01. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.82. The Charles Schwab Co. has a 52 week low of $45.65 and a 52 week high of $73.88. The business’s fifty day simple moving average is $68.17 and its 200 day simple moving average is $62.82.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.04. Charles Schwab had a return on equity of 19.86% and a net margin of 26.14%. The firm had revenue of $4.46 billion for the quarter, compared to analysts’ expectations of $4.49 billion. During the same period last year, the firm earned $1.07 earnings per share. The company’s revenue for the quarter was down 18.9% compared to the same quarter last year. As a group, research analysts expect that The Charles Schwab Co. will post 3.41 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.38%. Charles Schwab’s payout ratio is presently 41.84%.

Charles Schwab Company Profile

The Charles Schwab Corporation, together with its subsidiaries, operates as a savings and loan holding company that provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services in the United States and internationally. The company operates in two segments, Investor Services and Advisor Services.