The Charles Schwab Corporation $SCHW Shares Bought by Findlay Park Partners LLP

Key Points

• Findlay Park Partners LLP increased its holdings in The Charles Schwab Corporation by 1.4% in Q1, bringing their total shares owned to 3,393,169, valued at approximately $265.6 million.
• The Charles Schwab Corporation recently reported $1.14 earnings per share, surpassing analysts' expectations, with a net margin of 33.68% and year-over-year revenue growth of 24.8%.
• The company has authorized a $20 billion stock buyback program, indicating that its board views the stock as potentially undervalued.

Findlay Park Partners LLP lifted its stake in The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 1.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,393,169 shares of the financial services provider's stock after acquiring an additional 45,400 shares during the quarter. Charles Schwab makes up approximately 2.7% of Findlay Park Partners LLP's investment portfolio, making the stock its 9th largest position. Findlay Park Partners LLP owned approximately 0.19% of Charles Schwab worth $265,617,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of SCHW. Atwood & Palmer Inc. bought a new stake in shares of Charles Schwab during the 1st quarter worth approximately $25,000. Westside Investment Management Inc. increased its holdings in Charles Schwab by 75.0% during the first quarter. Westside Investment Management Inc. now owns 350 shares of the financial services provider's stock worth $27,000 after buying an additional 150 shares during the last quarter. Stone House Investment Management LLC acquired a new position in Charles Schwab during the first quarter worth $31,000. WFA Asset Management Corp acquired a new stake in Charles Schwab in the first quarter valued at $33,000. Finally, Cornerstone Planning Group LLC grew its position in shares of Charles Schwab by 90.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 463 shares of the financial services provider's stock valued at $36,000 after acquiring an additional 220 shares during the period. 84.38% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, insider Jonathan S. Beatty sold 6,144 shares of the company's stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $96.81, for a total transaction of $594,800.64. Following the completion of the sale, the insider directly owned 11,923 shares in the company, valued at $1,154,265.63. This represents a 34.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul V. Woolway sold 10,129 shares of Charles Schwab stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $90.01, for a total value of $911,711.29. Following the completion of the transaction, the insider owned 39,154 shares in the company, valued at approximately $3,524,251.54. The trade was a 20.55% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 298,299 shares of company stock valued at $29,005,931. 6.30% of the stock is currently owned by insiders.

Charles Schwab Price Performance

Shares of SCHW stock traded down $1.18 during trading on Friday, hitting $95.91. The company had a trading volume of 8,829,399 shares, compared to its average volume of 7,885,997. The firm has a market capitalization of $174.10 billion, a P/E ratio of 25.78, a price-to-earnings-growth ratio of 0.96 and a beta of 0.96. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.55 and a current ratio of 0.55. The stock's 50-day moving average price is $94.58 and its 200 day moving average price is $85.83. The Charles Schwab Corporation has a one year low of $61.16 and a one year high of $99.59.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its earnings results on Friday, July 18th. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.04. The company had revenue of $5.85 billion for the quarter, compared to analyst estimates of $5.64 billion. Charles Schwab had a return on equity of 19.30% and a net margin of 33.68%.Charles Schwab's quarterly revenue was up 24.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.73 EPS. Equities analysts expect that The Charles Schwab Corporation will post 4.22 EPS for the current fiscal year.

Charles Schwab declared that its board has approved a share repurchase program on Thursday, July 24th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the financial services provider to reacquire up to 11.6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's management believes its shares are undervalued.

Charles Schwab Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 8th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, August 8th. Charles Schwab's dividend payout ratio (DPR) is 29.03%.

Analyst Ratings Changes

SCHW has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods upped their target price on shares of Charles Schwab from $102.00 to $108.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Cowen reissued a "buy" rating on shares of Charles Schwab in a research report on Tuesday, May 20th. Raymond James Financial reaffirmed an "outperform" rating and issued a $99.00 price objective on shares of Charles Schwab in a research report on Friday, July 18th. Barclays boosted their target price on Charles Schwab from $106.00 to $113.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. Finally, Bank of America lifted their target price on shares of Charles Schwab from $83.00 to $84.00 and gave the stock an "underperform" rating in a report on Monday, July 21st. Sixteen equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Charles Schwab has an average rating of "Moderate Buy" and an average price target of $99.60.

About Charles Schwab

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.