Westover Capital Advisors LLC Raises Stock Holdings in The Charles Schwab Corporation $SCHW

Westover Capital Advisors LLC boosted its holdings in The Charles Schwab Corporation (NYSE:SCHW) by 60.7% during the 3rd quarter, Holdings Channel reports. The firm owned 15,062 shares of the financial services provider’s stock after acquiring an additional 5,691 shares during the period. Westover Capital Advisors LLC’s holdings in Charles Schwab were worth $1,438,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Brighton Jones LLC grew its position in Charles Schwab by 380.5% during the fourth quarter. Brighton Jones LLC now owns 24,240 shares of the financial services provider’s stock valued at $1,794,000 after buying an additional 19,195 shares during the period. Sivia Capital Partners LLC raised its position in Charles Schwab by 21.6% in the second quarter. Sivia Capital Partners LLC now owns 4,553 shares of the financial services provider’s stock worth $415,000 after acquiring an additional 809 shares during the period. Concurrent Investment Advisors LLC boosted its stake in Charles Schwab by 18.1% in the second quarter. Concurrent Investment Advisors LLC now owns 18,168 shares of the financial services provider’s stock valued at $1,658,000 after acquiring an additional 2,780 shares during the last quarter. Vest Financial LLC grew its position in shares of Charles Schwab by 42.2% during the 2nd quarter. Vest Financial LLC now owns 21,112 shares of the financial services provider’s stock valued at $1,926,000 after acquiring an additional 6,267 shares during the period. Finally, Cornerstone Wealth Group LLC increased its stake in shares of Charles Schwab by 22.4% during the 2nd quarter. Cornerstone Wealth Group LLC now owns 3,297 shares of the financial services provider’s stock worth $301,000 after purchasing an additional 604 shares during the last quarter. Institutional investors own 84.38% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on SCHW shares. Raymond James Financial reiterated an “outperform” rating and issued a $114.00 price objective on shares of Charles Schwab in a research note on Monday, January 5th. Citigroup restated a “market outperform” rating on shares of Charles Schwab in a research note on Monday, January 12th. Bank of America increased their price target on Charles Schwab from $88.00 to $91.00 and gave the stock an “underperform” rating in a research note on Wednesday, December 10th. JPMorgan Chase & Co. lifted their price objective on Charles Schwab from $119.00 to $121.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Finally, Piper Sandler upped their price objective on shares of Charles Schwab from $100.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Charles Schwab currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.65.

Charles Schwab Trading Down 3.7%

Shares of SCHW opened at $95.54 on Thursday. The Charles Schwab Corporation has a twelve month low of $65.88 and a twelve month high of $107.50. The stock has a market cap of $169.76 billion, a PE ratio of 20.50, a P/E/G ratio of 0.80 and a beta of 0.94. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.47. The business’s 50-day moving average price is $100.73 and its 200-day moving average price is $96.72.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Wednesday, January 21st. The financial services provider reported $1.39 EPS for the quarter, beating the consensus estimate of $1.32 by $0.07. Charles Schwab had a net margin of 37.01% and a return on equity of 22.07%. The company had revenue of $6.34 billion during the quarter, compared to analysts’ expectations of $6.19 billion. During the same quarter in the previous year, the company earned $1.01 earnings per share. Charles Schwab’s revenue for the quarter was up 18.9% on a year-over-year basis. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. On average, equities analysts forecast that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.3%. This is a boost from Charles Schwab’s previous quarterly dividend of $0.27. The ex-dividend date is Friday, February 13th. Charles Schwab’s dividend payout ratio (DPR) is 23.18%.

Insiders Place Their Bets

In related news, insider Jonathan S. Beatty sold 2,000 shares of the business’s stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $105.00, for a total transaction of $210,000.00. Following the completion of the transaction, the insider directly owned 21,768 shares in the company, valued at $2,285,640. The trade was a 8.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christopher V. Dodds sold 11,825 shares of the company’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $104.55, for a total value of $1,236,303.75. Following the completion of the transaction, the director owned 449,406 shares in the company, valued at $46,985,397.30. This represents a 2.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 348,344 shares of company stock worth $36,259,555 over the last three months. Corporate insiders own 6.30% of the company’s stock.

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.