Findlay Park Partners LLP Acquires 752,765 Shares of The Charles Schwab Corporation (SCHW)

Findlay Park Partners LLP boosted its holdings in shares of The Charles Schwab Corporation (NYSE:SCHW) by 12.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,610,979 shares of the financial services provider’s stock after purchasing an additional 752,765 shares during the period. The Charles Schwab Corporation makes up approximately 2.9% of Findlay Park Partners LLP’s holdings, making the stock its 13th biggest position. Findlay Park Partners LLP owned about 0.49% of The Charles Schwab Corporation worth $289,164,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of The Charles Schwab Corporation by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 81,925,586 shares of the financial services provider’s stock valued at $3,519,523,000 after acquiring an additional 2,536,947 shares in the last quarter. BlackRock Inc. lifted its position in shares of The Charles Schwab Corporation by 2.5% in the 2nd quarter. BlackRock Inc. now owns 73,666,134 shares of the financial services provider’s stock valued at $3,164,699,000 after acquiring an additional 1,790,015 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of The Charles Schwab Corporation by 1.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 39,576,199 shares of the financial services provider’s stock valued at $1,700,193,000 after acquiring an additional 491,451 shares in the last quarter. FMR LLC lifted its position in shares of The Charles Schwab Corporation by 11.3% in the 2nd quarter. FMR LLC now owns 30,766,004 shares of the financial services provider’s stock valued at $1,321,708,000 after acquiring an additional 3,128,532 shares in the last quarter. Finally, Capital Research Global Investors lifted its position in shares of The Charles Schwab Corporation by 86.3% in the 2nd quarter. Capital Research Global Investors now owns 24,237,199 shares of the financial services provider’s stock valued at $1,041,230,000 after acquiring an additional 11,224,199 shares in the last quarter. 79.93% of the stock is owned by institutional investors and hedge funds.

In related news, EVP Terri R. Kallsen sold 4,267 shares of the firm’s stock in a transaction on Friday, October 6th. The shares were sold at an average price of $46.02, for a total value of $196,367.34. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Charles R. Schwab sold 350,000 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $44.65, for a total transaction of $15,627,500.00. The disclosure for this sale can be found here. Insiders sold a total of 923,095 shares of company stock worth $41,179,740 over the last quarter. 12.00% of the stock is currently owned by company insiders.

SCHW has been the subject of a number of research analyst reports. Barclays PLC increased their target price on shares of The Charles Schwab Corporation from $48.00 to $51.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 10th. BidaskClub upgraded shares of The Charles Schwab Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 10th. Deutsche Bank AG increased their target price on shares of The Charles Schwab Corporation from $46.00 to $47.00 and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Morgan Stanley increased their target price on shares of The Charles Schwab Corporation from $51.00 to $53.00 and gave the stock an “overweight” rating in a research report on Thursday, October 5th. Finally, Nomura downgraded shares of The Charles Schwab Corporation from a “buy” rating to a “neutral” rating in a research report on Monday, July 24th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $47.07.

The Charles Schwab Corporation (NYSE SCHW) traded up $0.87 during trading hours on Tuesday, reaching $45.99. 3,589,139 shares of the company were exchanged, compared to its average volume of 7,047,057. The Charles Schwab Corporation has a 1-year low of $37.16 and a 1-year high of $46.21. The company has a quick ratio of 0.30, a current ratio of 0.31 and a debt-to-equity ratio of 0.21. The firm has a market cap of $60,050.00, a price-to-earnings ratio of 28.64, a PEG ratio of 1.90 and a beta of 1.74.

The Charles Schwab Corporation (NYSE:SCHW) last posted its earnings results on Wednesday, October 18th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.01. The Charles Schwab Corporation had a net margin of 27.30% and a return on equity of 15.77%. The business had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same period last year, the business posted $0.35 EPS. The Charles Schwab Corporation’s revenue was up 13.1% compared to the same quarter last year. equities analysts anticipate that The Charles Schwab Corporation will post 1.62 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 24th. Investors of record on Friday, November 10th will be paid a $0.08 dividend. The ex-dividend date is Thursday, November 9th. This represents a $0.32 dividend on an annualized basis and a yield of 0.70%. The Charles Schwab Corporation’s payout ratio is presently 20.51%.

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About The Charles Schwab Corporation

The Charles Schwab Corporation (CSC) is a savings and loan holding company. The Company, through its subsidiaries, engages in wealth management, securities brokerage, banking, money management and financial advisory services. The Company provides financial services to individuals and institutional clients through two segments: Investor Services and Advisor Services.

Institutional Ownership by Quarter for The Charles Schwab Corporation (NYSE:SCHW)

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