Dudley & Shanley Inc. Takes Position in The Charles Schwab Co. (NYSE:SCHW)

Dudley & Shanley Inc. purchased a new stake in The Charles Schwab Co. (NYSE:SCHW) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 188,695 shares of the financial services provider’s stock, valued at approximately $13,650,000. Charles Schwab comprises approximately 2.3% of Dudley & Shanley Inc.’s investment portfolio, making the stock its 19th largest position.

Other large investors have also modified their holdings of the company. MBM Wealth Consultants LLC raised its holdings in shares of Charles Schwab by 14.0% in the 1st quarter. MBM Wealth Consultants LLC now owns 15,909 shares of the financial services provider’s stock valued at $1,151,000 after buying an additional 1,951 shares during the period. SeaCrest Wealth Management LLC increased its holdings in Charles Schwab by 1.3% during the 1st quarter. SeaCrest Wealth Management LLC now owns 15,855 shares of the financial services provider’s stock worth $1,147,000 after purchasing an additional 198 shares during the period. West Oak Capital LLC increased its holdings in Charles Schwab by 1.1% during the 1st quarter. West Oak Capital LLC now owns 29,635 shares of the financial services provider’s stock worth $2,144,000 after purchasing an additional 325 shares during the period. CAP Partners LLC purchased a new stake in Charles Schwab during the 1st quarter worth about $206,000. Finally, Eagle Ridge Investment Management increased its holdings in Charles Schwab by 0.4% during the 1st quarter. Eagle Ridge Investment Management now owns 357,029 shares of the financial services provider’s stock worth $25,827,000 after purchasing an additional 1,405 shares during the period. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insiders Place Their Bets

In other Charles Schwab news, Chairman Charles R. Schwab sold 89,275 shares of the stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $74.62, for a total transaction of $6,661,700.50. Following the completion of the sale, the chairman now directly owns 30,641,981 shares of the company’s stock, valued at approximately $2,286,504,622.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Chairman Charles R. Schwab sold 89,275 shares of the stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $74.62, for a total transaction of $6,661,700.50. Following the completion of the transaction, the chairman now directly owns 30,641,981 shares of the company’s stock, valued at approximately $2,286,504,622.22. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Nigel J. Murtagh sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $72.40, for a total value of $724,000.00. Following the completion of the transaction, the insider now directly owns 71,446 shares of the company’s stock, valued at $5,172,690.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 658,663 shares of company stock valued at $48,997,146. 6.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SCHW. Morgan Stanley upped their price target on Charles Schwab from $65.00 to $71.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. JPMorgan Chase & Co. cut their price target on Charles Schwab from $89.00 to $81.00 and set an “overweight” rating on the stock in a report on Friday, May 31st. TD Cowen dropped their price objective on Charles Schwab from $92.00 to $88.00 and set a “buy” rating on the stock in a report on Thursday, May 23rd. JMP Securities reiterated a “market outperform” rating and issued a $80.00 price objective on shares of Charles Schwab in a report on Tuesday, May 28th. Finally, Bank of America increased 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. Three analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Charles Schwab has a consensus rating of “Hold” and an average price target of $75.56.

Charles Schwab Stock Performance

Shares of NYSE SCHW traded down $0.02 during trading hours on Wednesday, reaching $74.13. The stock had a trading volume of 2,501,944 shares, compared to its average volume of 7,276,617. The firm has a market cap of $131.75 billion, a price-to-earnings ratio of 31.16, a PEG ratio of 1.14 and a beta of 0.99. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.69. The Charles Schwab Co. has a fifty-two week low of $48.66 and a fifty-two week high of $79.49. The firm has a 50-day moving average of $74.38 and a 200-day moving average of $69.88.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Monday, April 15th. The financial services provider reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. Charles Schwab had a return on equity of 19.25% and a net margin of 26.14%. The company had revenue of $4.74 billion during the quarter, compared to analysts’ expectations of $4.71 billion. Equities research analysts predict that The Charles Schwab Co. will post 3.25 earnings per share for the current year.

Charles Schwab Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Shareholders 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 dividend on an annualized basis and a yield of 1.35%. Charles Schwab’s payout ratio is 41.84%.

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.