Oxinas Partners Wealth Management LLC Sells 856 Shares of The Charles Schwab Co. (NYSE:SCHW)

Oxinas Partners Wealth Management LLC decreased its position in The Charles Schwab Co. (NYSE:SCHW) by 16.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,196 shares of the financial services provider’s stock after selling 856 shares during the period. Oxinas Partners Wealth Management LLC’s holdings in Charles Schwab were worth $272,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MONECO Advisors LLC bought a new position in shares of Charles Schwab during the 4th quarter worth $228,000. Trust Co. of Toledo NA OH bought a new stake in shares of Charles Schwab during the 1st quarter worth $237,000. GAMMA Investing LLC raised its holdings in shares of Charles Schwab by 18.8% during the 1st quarter. GAMMA Investing LLC now owns 13,684 shares of the financial services provider’s stock valued at $990,000 after buying an additional 2,161 shares in the last quarter. First Hawaiian Bank lifted its position in Charles Schwab by 2.0% in the 1st quarter. First Hawaiian Bank now owns 108,365 shares of the financial services provider’s stock worth $7,839,000 after buying an additional 2,088 shares during the last quarter. Finally, Rise Advisors LLC increased its stake in Charles Schwab by 4,025.0% in the 1st quarter. Rise Advisors LLC now owns 825 shares of the financial services provider’s stock worth $60,000 after purchasing an additional 805 shares during the period. Institutional investors own 84.38% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Barclays cut their price objective on Charles Schwab from $77.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 17th. JPMorgan Chase & Co. decreased their price objective on shares of Charles Schwab from $82.00 to $78.00 and set an “overweight” rating for the company in a report on Wednesday, July 17th. Piper Sandler cut shares of Charles Schwab from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $80.00 to $64.00 in a research report on Monday, July 29th. Citigroup lowered their price objective on shares of Charles Schwab from $75.00 to $72.00 and set a “neutral” rating for the company in a report on Friday, September 27th. Finally, Keefe, Bruyette & Woods decreased their target price on Charles Schwab from $80.00 to $76.00 and set an “overweight” rating for the company in a research report on Tuesday. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $71.82.

Insider Activity

In related news, CEO Walter W. Bettinger acquired 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 17th. The shares were bought at an average price of $66.26 per share, with a total value of $1,656,500.00. Following the completion of the transaction, the chief executive officer now directly owns 827,377 shares in the company, valued at $54,822,000.02. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Charles Schwab news, President Richard A. Wurster acquired 10,000 shares of the firm’s stock in a transaction on Wednesday, July 17th. The stock was acquired at an average cost of $62.05 per share, for a total transaction of $620,500.00. Following the purchase, the president now owns 144,228 shares in the company, valued at approximately $8,949,347.40. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Walter W. Bettinger acquired 25,000 shares of the firm’s stock in a transaction dated Wednesday, July 17th. The stock was bought at an average cost of $66.26 per share, with a total value of $1,656,500.00. Following the acquisition, the chief executive officer now owns 827,377 shares in the company, valued at approximately $54,822,000.02. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders sold 98,856 shares of company stock worth $6,398,604. 6.60% of the stock is currently owned by corporate insiders.

Charles Schwab Trading Up 6.1 %

SCHW stock traded up $4.14 during midday trading on Tuesday, reaching $71.96. 21,272,792 shares of the company traded hands, compared to its average volume of 8,082,911. The firm has a market capitalization of $127.98 billion, a price-to-earnings ratio of 29.86, a P/E/G ratio of 1.43 and a beta of 0.97. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.42 and a current ratio of 0.42. The business has a 50 day moving average of $64.42 and a 200-day moving average of $69.49. The Charles Schwab Co. has a 52-week low of $48.66 and a 52-week high of $79.49.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.02. The business had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.78 billion. Charles Schwab had a net margin of 26.30% and a return on equity of 18.14%. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.77 earnings per share. As a group, sell-side analysts expect that The Charles Schwab Co. will post 3.06 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend was Friday, August 9th. Charles Schwab’s dividend payout ratio (DPR) is 41.49%.

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.