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

WCG Wealth Advisors LLC raised its position in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 6.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,847 shares of the financial services provider's stock after acquiring an additional 4,878 shares during the quarter. WCG Wealth Advisors LLC's holdings in Charles Schwab were worth $6,280,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Charles Schwab in the fourth quarter valued at $38,000. Atala Financial Inc purchased a new stake in Charles Schwab during the 4th quarter worth about $41,000. Knuff & Co LLC raised its position in Charles Schwab by 1,309.3% in the 4th quarter. Knuff & Co LLC now owns 606 shares of the financial services provider's stock valued at $45,000 after purchasing an additional 563 shares in the last quarter. Financial Life Planners acquired a new stake in Charles Schwab in the 4th quarter valued at about $46,000. Finally, Whipplewood Advisors LLC purchased a new position in shares of Charles Schwab in the 4th quarter valued at about $46,000. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Paul V. Woolway sold 3,380 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $79.32, for a total transaction of $268,101.60. Following the transaction, the insider now owns 57,818 shares of the company's stock, valued at $4,586,123.76. This trade represents a 5.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Jonathan M. Craig sold 47,500 shares of the business's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $88.46, for a total value of $4,201,850.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 96,088 shares of company stock valued at $8,105,928. 6.30% of the stock is currently owned by company insiders.

Charles Schwab Stock Performance

Shares of SCHW stock traded down $0.17 during mid-day trading on Wednesday, hitting $88.46. 2,103,585 shares of the stock were exchanged, compared to its average volume of 9,353,107. The stock's fifty day simple moving average is $80.34 and its two-hundred day simple moving average is $79.18. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The Charles Schwab Co. has a 12-month low of $61.01 and a 12-month high of $89.85. The stock has a market capitalization of $160.73 billion, a price-to-earnings ratio of 29.58, a P/E/G ratio of 0.99 and a beta of 0.90.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its earnings results 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. The firm had revenue of $5.60 billion during the quarter, compared to analysts' expectations of $5.46 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. During the same period in the prior year, the firm earned $0.74 EPS. On average, analysts forecast that The Charles Schwab Co. will post 4.22 EPS for the current year.

Charles Schwab Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend was Friday, May 9th. Charles Schwab's dividend payout ratio is currently 32.73%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on SCHW shares. Cowen restated a "buy" rating on shares of Charles Schwab in a research note on Tuesday, May 20th. Morgan Stanley boosted their price target on shares of Charles Schwab from $76.00 to $83.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. Barclays dropped their price objective on shares of Charles Schwab from $96.00 to $84.00 and set an "overweight" rating on the stock in a research report on Monday, April 7th. Piper Sandler lifted their price objective on shares of Charles Schwab from $74.00 to $80.00 in a research report on Thursday, April 17th. Finally, UBS Group boosted their target price on shares of Charles Schwab from $95.00 to $96.00 and gave the stock a "buy" rating in a research note on Tuesday, April 22nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $89.63.

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.