WCG Wealth Advisors LLC Grows Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

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

Other large investors also recently added to or reduced their stakes in the company. Neo Ivy Capital Management purchased a new stake in Charles Schwab during the 4th quarter valued at $532,000. GTS Securities LLC lifted its holdings in shares of Charles Schwab by 125.3% during the fourth quarter. GTS Securities LLC now owns 12,091 shares of the financial services provider's stock worth $895,000 after purchasing an additional 59,892 shares during the period. Vise Technologies Inc. grew its holdings in Charles Schwab by 148.6% during the fourth quarter. Vise Technologies Inc. now owns 12,146 shares of the financial services provider's stock worth $899,000 after acquiring an additional 7,261 shares during the period. Retirement Planning Group LLC grew its holdings in Charles Schwab by 2.1% in the fourth quarter. Retirement Planning Group LLC now owns 9,493 shares of the financial services provider's stock valued at $703,000 after purchasing an additional 191 shares during the period. Finally, Cornerstone Advisory LLC acquired a new position in shares of Charles Schwab during the 4th quarter worth about $240,000. 84.38% of the stock is currently owned by institutional investors.

Charles Schwab Stock Up 1.3%

NYSE:SCHW traded up $1.15 during trading hours on Tuesday, reaching $88.55. 6,808,530 shares of the stock were exchanged, compared to its average volume of 9,381,773. The Charles Schwab Co. has a twelve month low of $61.01 and a twelve month high of $89.85. The stock has a market cap of $160.89 billion, a PE ratio of 29.62, a PEG ratio of 0.99 and a beta of 0.90. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The firm has a 50 day moving average of $80.14 and a 200 day moving average of $79.11.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $5.60 billion for the quarter, compared to analysts' expectations of $5.46 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. During the same period last year, the firm posted $0.74 earnings per share. On average, equities analysts expect that The Charles Schwab Co. will post 4.22 earnings per share for the current year.

Charles Schwab Dividend Announcement

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

Insiders Place Their Bets

In other Charles Schwab news, Director Frank C. Herringer sold 3,592 shares of Charles Schwab stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $74.26, for a total transaction of $266,741.92. Following the completion of the sale, the director now owns 172,162 shares of the company's stock, valued at $12,784,750.12. The trade was a 2.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Paul V. Woolway sold 9,887 shares of Charles Schwab stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $75.38, for a total transaction of $745,282.06. Following the transaction, the insider now directly owns 47,931 shares in the company, valued at $3,613,038.78. This trade represents a 17.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 96,088 shares of company stock worth $8,105,928 over the last quarter. 6.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

SCHW has been the subject of a number of research analyst reports. Cowen reaffirmed a "buy" rating on shares of Charles Schwab in a research report on Tuesday, May 20th. Wells Fargo & Company cut their price target on shares of Charles Schwab from $93.00 to $87.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Barclays dropped their price target on Charles Schwab from $96.00 to $84.00 and set an "overweight" rating for the company in a research report on Monday, April 7th. Truist Financial upped their price objective on shares of Charles Schwab from $84.00 to $97.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Finally, Piper Sandler boosted their target price on Charles Schwab from $74.00 to $80.00 in a report on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and fifteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target 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.