The Charles Schwab Co. (NYSE:SCHW) Shares Purchased by Banco Santander S.A.

Banco Santander S.A. boosted its position in The Charles Schwab Co. (NYSE:SCHW) by 49.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,316 shares of the financial services provider’s stock after purchasing an additional 5,413 shares during the quarter. Banco Santander S.A.’s holdings in Charles Schwab were worth $1,208,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in SCHW. Washington Trust Advisors Inc. grew its holdings in Charles Schwab by 62.6% in the 3rd quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock valued at $25,000 after buying an additional 149 shares during the period. Capital Performance Advisors LLP purchased a new stake in Charles Schwab in the 3rd quarter valued at about $25,000. Prospera Private Wealth LLC purchased a new stake in Charles Schwab in the 3rd quarter valued at about $31,000. Planning Capital Management Corp purchased a new stake in Charles Schwab in the 3rd quarter valued at about $33,000. Finally, Peterson Financial Group Inc. purchased a new stake in Charles Schwab in the 3rd quarter valued at about $35,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Charles Schwab Stock Down 1.3 %

NYSE SCHW opened at $74.58 on Monday. The stock has a market cap of $135.25 billion, a PE ratio of 24.94, a P/E/G ratio of 0.99 and a beta of 0.98. The Charles Schwab Co. has a fifty-two week low of $61.01 and a fifty-two week high of $84.50. The business has a 50 day moving average price of $78.50 and a two-hundred day moving average price of $74.05. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59.

Charles Schwab (NYSE:SCHW) last announced its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The company had revenue of $5.33 billion for the quarter, compared to analyst estimates of $5.19 billion. During the same period in the prior year, the company posted $0.68 EPS. Charles Schwab’s quarterly revenue was up 19.5% on a year-over-year basis. As a group, sell-side analysts predict that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.45%. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.25. The ex-dividend date was Friday, February 14th. Charles Schwab’s dividend payout ratio is presently 36.12%.

Analyst Ratings Changes

Several analysts have commented on the company. Jefferies Financial Group lifted their price target on Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a report on Monday, December 9th. Keefe, Bruyette & Woods lifted their price target on Charles Schwab from $81.00 to $93.00 and gave the company an “outperform” rating in a report on Friday, December 20th. Truist Financial boosted their target price on Charles Schwab from $90.00 to $91.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. TD Cowen upgraded Charles Schwab from a “hold” rating to a “buy” rating and boosted their target price for the stock from $88.00 to $103.00 in a report on Tuesday, February 18th. Finally, JMP Securities reiterated a “market outperform” rating and set a $94.00 target price (up previously from $84.00) on shares of Charles Schwab in a report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Charles Schwab presently has an average rating of “Hold” and an average price target of $86.33.

Insider Buying and Selling at Charles Schwab

In related news, insider Paul V. Woolway sold 9,887 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $75.38, for a total transaction of $745,282.06. Following the sale, the insider now directly owns 47,931 shares of the company’s stock, valued at approximately $3,613,038.78. This represents a 17.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Walter W. Bettinger sold 464,629 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $81.91, for a total value of $38,057,761.39. Following the sale, the chairman now directly owns 827,377 shares in the company, valued at approximately $67,770,450.07. This represents a 35.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 501,087 shares of company stock valued at $40,952,233 in the last three months. Corporate insiders own 6.60% of the company’s stock.

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.