Avior Wealth Management LLC Sells 2,140 Shares of The Charles Schwab Co. (NYSE:SCHW)

Avior Wealth Management LLC decreased its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 7.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,616 shares of the financial services provider’s stock after selling 2,140 shares during the period. Avior Wealth Management LLC’s holdings in Charles Schwab were worth $2,044,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Point72 Hong Kong Ltd bought a new stake in shares of Charles Schwab during the 2nd quarter valued at $168,000. APG Asset Management N.V. raised its stake in Charles Schwab by 6.5% in the second quarter. APG Asset Management N.V. now owns 2,458,359 shares of the financial services provider’s stock valued at $169,029,000 after purchasing an additional 149,033 shares in the last quarter. Elgethun Capital Management lifted its position in Charles Schwab by 0.9% during the second quarter. Elgethun Capital Management now owns 143,319 shares of the financial services provider’s stock worth $10,561,000 after purchasing an additional 1,330 shares during the period. Drucker Wealth 3.0 LLC bought a new position in Charles Schwab in the 2nd quarter valued at about $2,902,000. Finally, Darsana Capital Partners LP raised its position in shares of Charles Schwab by 200.0% in the 2nd quarter. Darsana Capital Partners LP now owns 3,000,000 shares of the financial services provider’s stock valued at $221,070,000 after buying an additional 2,000,000 shares in the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insiders Place Their Bets

In related news, insider Nigel J. Murtagh sold 12,739 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $81.17, for a total transaction of $1,034,024.63. Following the transaction, the insider now directly owns 59,092 shares of the company’s stock, valued at $4,796,497.64. This represents a 17.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 sale, the director now directly owns 442,807 shares of the company’s stock, valued at approximately $36,057,774.01. This trade represents a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,823 shares of company stock worth $2,171,194. Company insiders own 6.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Barclays increased their price target on shares of Charles Schwab from $95.00 to $96.00 and gave the stock an “overweight” rating in a research report on Wednesday. Morgan Stanley raised their target price on Charles Schwab from $74.00 to $84.00 and gave the company an “equal weight” rating in a report on Friday, January 17th. Truist Financial reissued a “buy” rating and set a $90.00 price target (up previously from $86.00) on shares of Charles Schwab in a report on Wednesday. The Goldman Sachs Group raised their price objective on Charles Schwab from $67.00 to $74.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Finally, Keefe, Bruyette & Woods boosted their target price on Charles Schwab from $81.00 to $93.00 and gave the stock an “outperform” rating in a research note on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $83.83.

Charles Schwab Price Performance

Shares of SCHW opened at $81.96 on Friday. The business has a 50-day moving average of $77.75 and a 200-day moving average of $70.75. The Charles Schwab Co. has a 1 year low of $61.01 and a 1 year high of $83.35. The company has a market capitalization of $145.86 billion, a price-to-earnings ratio of 27.41, a price-to-earnings-growth ratio of 1.46 and a beta of 0.99. 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 net margin of 30.31% and a return on equity of 18.20%. The firm had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5,190,822.51 billion. During the same quarter in the previous year, the company earned $0.68 EPS. The company’s revenue for the quarter was up 19.5% on a year-over-year basis. As a group, equities research analysts anticipate that The Charles Schwab Co. will post 4.09 earnings per share for the current year.

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.