Tempus Wealth Planning LLC Sells 360 Shares of The Charles Schwab Co. (NYSE:SCHW)

Tempus Wealth Planning LLC lessened its holdings in The Charles Schwab Co. (NYSE:SCHW) by 5.8% in the fourth quarter, HoldingsChannel reports. The fund owned 5,860 shares of the financial services provider’s stock after selling 360 shares during the period. Tempus Wealth Planning LLC’s holdings in Charles Schwab were worth $434,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. First Dallas Securities Inc. boosted its holdings in Charles Schwab by 1.9% in the 4th quarter. First Dallas Securities Inc. now owns 18,815 shares of the financial services provider’s stock valued at $1,392,000 after purchasing an additional 352 shares during the period. Trust Point Inc. raised its position in shares of Charles Schwab by 18.1% in the fourth quarter. Trust Point Inc. now owns 7,519 shares of the financial services provider’s stock valued at $557,000 after buying an additional 1,152 shares in the last quarter. Childress Capital Advisors LLC boosted its stake in shares of Charles Schwab by 4.8% in the fourth quarter. Childress Capital Advisors LLC now owns 3,481 shares of the financial services provider’s stock valued at $258,000 after buying an additional 158 shares during the period. Optas LLC grew its position in Charles Schwab by 25.7% during the fourth quarter. Optas LLC now owns 4,708 shares of the financial services provider’s stock worth $348,000 after buying an additional 964 shares in the last quarter. Finally, Financial Life Planners bought a new position in Charles Schwab during the 4th quarter worth $46,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on SCHW shares. Bank of America reduced their target price on Charles Schwab from $63.00 to $61.00 and set an “underperform” rating on the stock in a report on Wednesday, October 16th. Truist Financial reissued a “buy” rating and issued a $90.00 target price (up from $86.00) on shares of Charles Schwab in a report on Wednesday, January 22nd. Raymond James cut their price target on shares of Charles Schwab from $76.00 to $73.00 in a report on Tuesday, October 15th. JPMorgan Chase & Co. lifted their price objective on shares of Charles Schwab from $87.00 to $93.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. Finally, The Goldman Sachs Group upped their target price on Charles Schwab from $67.00 to $74.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $84.11.

Charles Schwab Trading Down 1.0 %

SCHW opened at $81.90 on Wednesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The Charles Schwab Co. has a fifty-two week low of $61.01 and a fifty-two week high of $83.84. The company’s 50 day moving average price is $77.99 and its two-hundred day moving average price is $71.36. The firm has a market capitalization of $145.75 billion, a price-to-earnings ratio of 27.39, a PEG ratio of 1.01 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.11. The company had revenue of $5.33 billion for the quarter, compared to analysts’ expectations of $5.19 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. Charles Schwab’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.68 earnings per share. As a group, research analysts predict that The Charles Schwab Co. will post 4.18 earnings per share for the current year.

Charles Schwab Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.27 dividend. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.08 annualized dividend and a dividend yield of 1.32%. Charles Schwab’s dividend payout ratio is presently 33.44%.

Insider Transactions at Charles Schwab

In related news, Director Christopher V. Dodds sold 9,284 shares of Charles Schwab stock in a transaction on Monday, November 18th. The shares were sold at an average price of $81.43, for a total transaction of $755,996.12. Following the completion of the transaction, the director now owns 442,807 shares of the company’s stock, valued at $36,057,774.01. This trade represents a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Peter J. Morgan III sold 14,643 shares of the business’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $80.70, for a total transaction of $1,181,690.10. The disclosure for this sale can be found here. Insiders sold 50,014 shares of company stock worth $4,052,281 over the last ninety days. 6.60% of the stock is owned by insiders.

About Charles Schwab

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.