Tompkins Financial Corp Has $281,000 Holdings in The Charles Schwab Co. (NYSE:SCHW)

Tompkins Financial Corp cut its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 4.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,588 shares of the financial services provider’s stock after selling 165 shares during the quarter. Tompkins Financial Corp’s holdings in Charles Schwab were worth $281,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SCHW. Vanguard Group Inc. raised its holdings in Charles Schwab by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 128,578,230 shares of the financial services provider’s stock valued at $9,516,075,000 after acquiring an additional 1,187,384 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Charles Schwab by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 30,901,484 shares of the financial services provider’s stock worth $2,279,742,000 after purchasing an additional 760,043 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of Charles Schwab by 1.3% in the fourth quarter. Fisher Asset Management LLC now owns 20,455,266 shares of the financial services provider’s stock worth $1,513,894,000 after purchasing an additional 265,708 shares during the period. Norges Bank acquired a new position in Charles Schwab in the fourth quarter valued at about $1,289,544,000. Finally, Northern Trust Corp lifted its position in Charles Schwab by 13.4% during the fourth quarter. Northern Trust Corp now owns 15,739,917 shares of the financial services provider’s stock worth $1,164,911,000 after purchasing an additional 1,864,286 shares during the period. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Charles Schwab Stock Performance

Shares of SCHW stock opened at $87.65 on Friday. The firm has a market capitalization of $159.25 billion, a price-to-earnings ratio of 29.31, a PEG ratio of 0.99 and a beta of 0.90. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The business’s 50-day moving average price is $80.68 and its 200-day moving average price is $79.30. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $89.85.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Thursday, April 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.03. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The business had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.46 billion. During the same quarter last year, the business earned $0.74 EPS. Equities research analysts forecast that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend was Friday, May 9th. Charles Schwab’s dividend payout ratio is currently 32.73%.

Insider Buying and Selling

In other news, insider Paul V. Woolway sold 3,380 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $79.32, for a total value of $268,101.60. Following the sale, the insider now directly owns 57,818 shares of the company’s stock, valued at approximately $4,586,123.76. This represents a 5.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Frank C. Herringer sold 3,592 shares of Charles Schwab stock in a transaction on Monday, April 21st. The stock was sold at an average price of $74.26, for a total transaction of $266,741.92. Following the transaction, the director now directly owns 172,162 shares of the company’s stock, valued at $12,784,750.12. This represents a 2.04% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 104,735 shares of company stock valued at $8,867,382 in the last three months. Insiders own 6.30% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Barclays decreased their target price on shares of Charles Schwab from $96.00 to $84.00 and set an “overweight” rating on the stock in a report on Monday, April 7th. UBS Group increased their price target on shares of Charles Schwab from $95.00 to $96.00 and gave the stock a “buy” rating in a research report on Tuesday, April 22nd. Cowen restated a “buy” rating on shares of Charles Schwab in a research report on Tuesday, May 20th. TD Cowen upgraded Charles Schwab from a “hold” rating to a “buy” rating and upped their target price for the stock from $88.00 to $103.00 in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. raised their target price on Charles Schwab from $92.00 to $95.00 and gave the company an “overweight” rating in a report on Monday, April 21st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $89.63.

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.