Octavia Wealth Advisors LLC Sells 764 Shares of The Charles Schwab Co. (NYSE:SCHW)

Octavia Wealth Advisors LLC lessened its position in The Charles Schwab Co. (NYSE:SCHW) by 10.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,663 shares of the financial services provider’s stock after selling 764 shares during the period. Octavia Wealth Advisors LLC’s holdings in Charles Schwab were worth $493,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management UK Ltd. bought a new position in shares of Charles Schwab in the fourth quarter worth approximately $740,000. Roberts Wealth Advisors LLC lifted its stake in shares of Charles Schwab by 1.3% in the fourth quarter. Roberts Wealth Advisors LLC now owns 23,359 shares of the financial services provider’s stock worth $1,721,000 after buying an additional 309 shares in the last quarter. Fort Washington Investment Advisors Inc. OH lifted its stake in shares of Charles Schwab by 2.8% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 2,593,011 shares of the financial services provider’s stock worth $191,909,000 after buying an additional 71,465 shares in the last quarter. Atomi Financial Group Inc. lifted its stake in shares of Charles Schwab by 19.3% in the fourth quarter. Atomi Financial Group Inc. now owns 15,202 shares of the financial services provider’s stock worth $1,125,000 after buying an additional 2,457 shares in the last quarter. Finally, Capricorn Fund Managers Ltd bought a new position in shares of Charles Schwab in the fourth quarter worth approximately $788,000. Institutional investors own 84.38% of the company’s stock.

Insider Buying and Selling

In other news, Director Christopher V. Dodds sold 9,284 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $81.43, for a total value of $755,996.12. Following the transaction, the director now owns 442,807 shares of the company’s stock, valued at approximately $36,057,774.01. The trade was a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jonathan S. Beatty sold 2,300 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $82.01, for a total transaction of $188,623.00. Following the completion of the transaction, the insider now directly owns 18,069 shares in the company, valued at $1,481,838.69. This trade represents a 11.29 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,823 shares of company stock worth $2,171,194. 6.60% of the stock is owned by corporate insiders.

Charles Schwab Stock Performance

Shares of NYSE SCHW opened at $80.88 on Wednesday. The stock has a market cap of $143.93 billion, a PE ratio of 31.59, a price-to-earnings-growth ratio of 1.40 and a beta of 0.99. The Charles Schwab Co. has a 1 year low of $61.01 and a 1 year high of $83.35. The firm has a fifty day moving average price of $77.65 and a 200-day moving average price of $70.62. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.11. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The business had revenue of $5.33 billion during the quarter, compared to analyst estimates of $5,190,822.51 billion. During the same quarter in the prior year, the business posted $0.68 EPS. Charles Schwab’s revenue for the quarter was up 19.5% compared to the same quarter last year. Equities analysts anticipate that The Charles Schwab Co. will post 3.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Truist Financial raised shares of Charles Schwab to a “strong-buy” rating in a report on Monday, January 6th. Cowen boosted their price objective on shares of Charles Schwab from $69.00 to $75.00 and gave the company a “hold” rating in a report on Tuesday, October 15th. Barclays raised shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $74.00 to $95.00 in a report on Monday, December 9th. Morgan Stanley boosted their price objective on shares of Charles Schwab from $74.00 to $84.00 and gave the company an “equal weight” rating in a report on Friday, January 17th. Finally, Jefferies Financial Group boosted their price objective on shares of Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a report on Monday, December 9th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Charles Schwab has a consensus rating of “Hold” and a consensus target price of $81.41.

Charles Schwab 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.