The Charles Schwab Co. (NYSE:SCHW) Shares Bought by Octavia Wealth Advisors LLC

Octavia Wealth Advisors LLC lifted its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 4.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,978 shares of the financial services provider’s stock after buying an additional 274 shares during the quarter. Octavia Wealth Advisors LLC’s holdings in Charles Schwab were worth $411,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Signet Financial Management LLC grew its position in shares of Charles Schwab by 0.3% in the fourth quarter. Signet Financial Management LLC now owns 49,378 shares of the financial services provider’s stock valued at $4,111,000 after purchasing an additional 139 shares during the period. Courier Capital LLC lifted its position in shares of Charles Schwab by 0.4% in the fourth quarter. Courier Capital LLC now owns 45,539 shares of the financial services provider’s stock valued at $3,133,000 after acquiring an additional 161 shares in the last quarter. Investment Advisory Services Inc. TX ADV boosted its stake in shares of Charles Schwab by 0.5% in the fourth quarter. Investment Advisory Services Inc. TX ADV now owns 32,642 shares of the financial services provider’s stock worth $2,718,000 after acquiring an additional 164 shares during the last quarter. Sugarloaf Wealth Management LLC lifted its holdings in Charles Schwab by 60.0% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 165 shares in the last quarter. Finally, Red Spruce Capital LLC boosted its position in Charles Schwab by 0.4% during the fourth quarter. Red Spruce Capital LLC now owns 41,855 shares of the financial services provider’s stock worth $2,880,000 after acquiring an additional 172 shares during the last quarter. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on SCHW shares. Piper Sandler boosted their target price on Charles Schwab from $75.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Keefe, Bruyette & Woods boosted their price objective on Charles Schwab from $75.00 to $76.00 and gave the stock a “market perform” rating in a research note on Tuesday. JMP Securities reaffirmed a “market outperform” rating and issued a $80.00 target price on shares of Charles Schwab in a research note on Tuesday. Morgan Stanley lifted their price target on Charles Schwab from $65.00 to $71.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. Finally, Citigroup boosted their price target on shares of Charles Schwab from $70.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Charles Schwab has a consensus rating of “Hold” and an average target price of $74.47.

Insiders Place Their Bets

In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $65.29, for a total transaction of $587,610.00. Following the sale, the director now directly owns 585,057 shares in the company, valued at $38,198,371.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $65.29, for a total value of $587,610.00. Following the sale, the director now owns 585,057 shares of the company’s stock, valued at $38,198,371.53. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Jonathan M. Craig sold 4,977 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $70.01, for a total transaction of $348,439.77. Following the completion of the sale, the insider now directly owns 81,446 shares in the company, valued at approximately $5,702,034.46. The disclosure for this sale can be found here. Insiders have 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.

Charles Schwab Trading Up 2.6 %

NYSE SCHW opened at $73.05 on Wednesday. The firm’s 50-day moving average is $67.97 and its two-hundred day moving average is $62.75. The Charles Schwab Co. has a 12 month low of $45.65 and a 12 month high of $73.65. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.43 and a quick ratio of 0.43. The stock has a market capitalization of $129.74 billion, a P/E ratio of 30.56, a PEG ratio of 1.08 and a beta of 1.01.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.04. The company had revenue of $4.46 billion for the quarter, compared to analyst estimates of $4.49 billion. Charles Schwab had a net margin of 26.14% and a return on equity of 19.86%. The business’s revenue for the quarter was down 18.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.07 earnings per share. On average, sell-side analysts anticipate that The Charles Schwab Co. will post 3.4 earnings per share for the current year.

Charles Schwab Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.37%. Charles Schwab’s dividend payout ratio (DPR) 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.