Dudley & Shanley Inc. Invests $13.65 Million in The Charles Schwab Co. (NYSE:SCHW)

Dudley & Shanley Inc. acquired a new position in The Charles Schwab Co. (NYSE:SCHW) during the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 188,695 shares of the financial services provider’s stock, valued at approximately $13,650,000. Charles Schwab comprises about 2.3% of Dudley & Shanley Inc.’s holdings, making the stock its 19th largest holding.

Other hedge funds and other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its stake in Charles Schwab by 33.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 69,360,233 shares of the financial services provider’s stock worth $4,771,985,000 after buying an additional 17,369,091 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Charles Schwab by 4.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 30,994,967 shares of the financial services provider’s stock worth $2,132,454,000 after buying an additional 1,219,015 shares in the last quarter. Fisher Asset Management LLC boosted its stake in Charles Schwab by 1.6% during the fourth quarter. Fisher Asset Management LLC now owns 18,627,667 shares of the financial services provider’s stock worth $1,281,584,000 after buying an additional 296,317 shares in the last quarter. Norges Bank acquired a new stake in Charles Schwab during the fourth quarter worth $950,192,000. Finally, Putnam Investments LLC boosted its stake in Charles Schwab by 4.8% during the fourth quarter. Putnam Investments LLC now owns 12,237,705 shares of the financial services provider’s stock worth $841,954,000 after buying an additional 560,110 shares in the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Bank of America lifted their price objective on Charles Schwab from $68.00 to $70.00 and gave the company an “underperform” rating in a report on Tuesday, April 16th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $76.00 price objective on shares of Charles Schwab in a report on Monday, June 17th. Deutsche Bank Aktiengesellschaft cut their price objective on Charles Schwab from $86.00 to $83.00 and set a “buy” rating for the company in a report on Thursday, May 23rd. Piper Sandler lifted their price objective on Charles Schwab from $75.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Finally, Morgan Stanley lifted their price objective on Charles Schwab from $65.00 to $71.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Three analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $75.56.

Charles Schwab Trading Down 0.0 %

Shares of Charles Schwab stock traded down $0.02 during trading on Wednesday, hitting $74.13. 2,501,944 shares of the company were exchanged, compared to its average volume of 7,276,617. The firm has a market capitalization of $131.75 billion, a P/E ratio of 31.16, a price-to-earnings-growth ratio of 1.14 and a beta of 0.99. The Charles Schwab Co. has a 1-year low of $48.66 and a 1-year high of $79.49. The firm’s fifty day moving average price is $74.38 and its 200 day moving average price is $69.88. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.42 and a quick ratio of 0.42.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Monday, April 15th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.01. The company had revenue of $4.74 billion during the quarter, compared to analyst estimates of $4.71 billion. Charles Schwab had a return on equity of 19.25% and a net margin of 26.14%. As a group, sell-side analysts expect that The Charles Schwab Co. will post 3.25 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $1.00 annualized dividend and a dividend yield of 1.35%. Charles Schwab’s payout ratio is currently 41.84%.

Insider Activity at Charles Schwab

In related news, CFO Peter B. Crawford sold 5,482 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $73.46, for a total value of $402,707.72. Following the completion of the transaction, the chief financial officer now directly owns 60,567 shares in the company, valued at approximately $4,449,251.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Peter B. Crawford sold 5,482 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $73.46, for a total value of $402,707.72. Following the completion of the transaction, the chief financial officer now directly owns 60,567 shares in the company, valued at approximately $4,449,251.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bernard J. Clark sold 77,431 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $70.94, for a total value of $5,492,955.14. Following the completion of the transaction, the insider now owns 121,666 shares of the company’s stock, valued at $8,630,986.04. The disclosure for this sale can be found here. In the last three months, insiders sold 658,663 shares of company stock worth $48,997,146. 6.60% of the stock is owned by company insiders.

Charles Schwab Profile

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.