WCG Wealth Advisors LLC Has $8.03 Million Holdings in The Charles Schwab Corporation $SCHW

WCG Wealth Advisors LLC lessened its holdings in The Charles Schwab Corporation (NYSE:SCHW) by 10.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 84,096 shares of the financial services provider’s stock after selling 9,839 shares during the quarter. WCG Wealth Advisors LLC’s holdings in Charles Schwab were worth $8,029,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. West Branch Capital LLC acquired a new position in Charles Schwab in the third quarter valued at approximately $27,000. Evelyn Partners Asset Management Ltd bought a new position in Charles Schwab in the second quarter valued at approximately $33,000. Howard Hughes Medical Institute acquired a new stake in Charles Schwab during the 2nd quarter worth $34,000. Redmont Wealth Advisors LLC bought a new stake in shares of Charles Schwab during the 3rd quarter valued at $34,000. Finally, Newbridge Financial Services Group Inc. raised its position in shares of Charles Schwab by 233.6% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 357 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 250 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, Chairman Walter W. Bettinger sold 162,462 shares of the company’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $103.90, for a total transaction of $16,879,801.80. Following the sale, the chairman directly owned 529,346 shares of the company’s stock, valued at approximately $54,999,049.40. This represents a 23.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Paul V. Woolway sold 15,884 shares of the stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $95.12, for a total transaction of $1,510,886.08. Following the completion of the sale, the insider owned 35,992 shares of the company’s stock, valued at approximately $3,423,559.04. This represents a 30.62% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 415,568 shares of company stock valued at $42,639,058 in the last 90 days. Company insiders own 6.30% of the company’s stock.

Charles Schwab Price Performance

NYSE SCHW opened at $93.11 on Friday. The firm’s 50 day moving average is $98.97 and its 200-day moving average is $96.34. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.52. The Charles Schwab Corporation has a 12-month low of $65.88 and a 12-month high of $107.50. The company has a market capitalization of $163.15 billion, a PE ratio of 19.98, a price-to-earnings-growth ratio of 0.74 and a beta of 0.93.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Wednesday, January 21st. The financial services provider reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.07. Charles Schwab had a return on equity of 21.97% and a net margin of 37.01%.The company had revenue of $6.34 billion during the quarter, compared to analysts’ expectations of $6.19 billion. During the same quarter last year, the company earned $1.01 EPS. Charles Schwab’s revenue for the quarter was up 18.9% compared to the same quarter last year. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. Equities research analysts anticipate that The Charles Schwab Corporation will post 4.22 earnings per share for the current fiscal year.

Charles Schwab Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were issued a dividend of $0.32 per share. The ex-dividend date was Friday, February 13th. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.27. This represents a $1.28 dividend on an annualized basis and a yield of 1.4%. Charles Schwab’s dividend payout ratio is presently 27.47%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Bank of America raised their price target on Charles Schwab from $88.00 to $91.00 and gave the stock an “underperform” rating in a research report on Wednesday, December 10th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $131.00 price objective on shares of Charles Schwab in a report on Thursday, January 22nd. Weiss Ratings reissued a “hold (c+)” rating on shares of Charles Schwab in a research note on Thursday, January 22nd. Barclays lifted their price target on shares of Charles Schwab from $125.00 to $126.00 and gave the stock an “overweight” rating in a research report on Monday, January 26th. Finally, Truist Financial boosted their price objective on Charles Schwab from $120.00 to $122.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $115.95.

About Charles Schwab

Charles Schwab Corporation (NYSE: SCHW) is a diversified financial services firm that provides brokerage, banking, wealth management and advisory services to individual investors, independent investment advisors and institutional clients. Its primary offerings include retail brokerage accounts, online trading platforms, Schwab-branded mutual funds and exchange-traded funds (ETFs), retirement plan services, custodial services for independent Registered Investment Advisors (RIAs), and banking products through Charles Schwab Bank.