Findlay Park Partners LLP Takes $134.97 Million Position in The Charles Schwab Co. (NYSE:SCHW)

Findlay Park Partners LLP purchased a new stake in shares of The Charles Schwab Co. (NYSE:SCHW – Get Rating) in the 4th quarter, Holdings Channel reports. The fund purchased 1,621,114 shares of the financial services provider’s stock, valued at approximately $134,974,000.

Other large investors have also recently bought and sold shares of the company. Phocas Financial Corp. acquired a new position in Charles Schwab during the fourth quarter valued at approximately $25,000. Worth Asset Management LLC acquired a new stake in shares of Charles Schwab in the first quarter valued at approximately $32,000. Exos TFP Holdings LLC acquired a new stake in shares of Charles Schwab in the third quarter valued at approximately $34,000. WFA of San Diego LLC bought a new position in shares of Charles Schwab during the fourth quarter worth approximately $34,000. Finally, Sittner & Nelson LLC bought a new position in shares of Charles Schwab during the fourth quarter worth approximately $37,000. 73.49% of the stock is owned by institutional investors and hedge funds.

Charles Schwab Price Performance

Shares of NYSE SCHW opened at $52.79 on Wednesday. The Charles Schwab Co. has a twelve month low of $45.00 and a twelve month high of $86.63. The stock’s 50 day moving average price is $52.07 and its 200-day moving average price is $69.53. The company has a market capitalization of $93.39 billion, a PE ratio of 14.42, a PEG ratio of 2.65 and a beta of 0.88. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.74.

Charles Schwab (NYSE:SCHW – Get Rating) last announced its quarterly earnings data on Monday, April 17th. The financial services provider reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.03. Charles Schwab had a return on equity of 27.83% and a net margin of 34.82%. The business had revenue of $5.12 billion during the quarter, compared to analyst estimates of $5.13 billion. During the same period in the prior year, the company earned $0.77 earnings per share. Charles Schwab’s revenue was up 9.5% compared to the same quarter last year. On average, equities analysts anticipate that The Charles Schwab Co. will post 3.35 EPS for the current year.

Charles Schwab Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 26th. Shareholders of record on Friday, May 12th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend is Thursday, May 11th. Charles Schwab’s dividend payout ratio (DPR) is 27.32%.

Insider Buying and Selling at Charles Schwab

In related news, CEO Walter W. Bettinger bought 50,000 shares of the company’s stock in a transaction on Tuesday, March 14th. The shares were purchased at an average price of $59.31 per share, for a total transaction of $2,965,500.00. Following the completion of the transaction, the chief executive officer now directly owns 656,501 shares in the company, valued at approximately $38,937,074.31. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Charles Schwab news, CFO Peter B. Crawford acquired 5,000 shares of the stock in a transaction that occurred on Tuesday, March 14th. The shares were bought at an average price of $57.96 per share, for a total transaction of $289,800.00. Following the completion of the transaction, the chief financial officer now owns 44,725 shares of the company’s stock, valued at approximately $2,592,261. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Walter W. Bettinger acquired 50,000 shares of the stock in a transaction that occurred on Tuesday, March 14th. The stock was acquired at an average price of $59.31 per share, for a total transaction of $2,965,500.00. Following the transaction, the chief executive officer now directly owns 656,501 shares of the company’s stock, valued at approximately $38,937,074.31. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 81,000 shares of company stock valued at $4,706,960. Company insiders own 6.60% of the company’s stock.

Wall Street Analysts Forecast Growth

SCHW has been the topic of a number of recent research reports. Morgan Stanley lowered Charles Schwab from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $99.00 to $68.00 in a research note on Thursday, March 30th. Piper Sandler lowered their target price on Charles Schwab from $83.00 to $75.00 in a research note on Tuesday, April 18th. The Goldman Sachs Group lowered their price objective on Charles Schwab from $98.00 to $75.00 and set a “buy” rating on the stock in a research note on Tuesday, March 14th. Deutsche Bank Aktiengesellschaft lowered their price objective on Charles Schwab from $75.00 to $72.00 in a research note on Tuesday, April 18th. Finally, StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a research note on Friday, May 19th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $68.73.

About Charles Schwab

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The Charles Schwab Corp. is a savings and loan holding company, which engages in the provision of wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. It operates through the Investor Services and Advisor Services segments. The Investor Services segment includes retail brokerage and banking services to individual investors, and retirement plan services, as well as other corporate brokerage services, to businesses and their employees.