188,695 Shares in The Charles Schwab Co. (NYSE:SCHW) Purchased by Dudley & Shanley Inc.

Dudley & Shanley Inc. purchased a new stake in The Charles Schwab Co. (NYSE:SCHW - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 188,695 shares of the financial services provider's stock, valued at approximately $13,650,000. Charles Schwab accounts for 2.3% of Dudley & Shanley Inc.'s investment portfolio, making the stock its 19th biggest position.

A number of other institutional investors also recently modified their holdings of SCHW. Price T Rowe Associates Inc. MD increased its position in shares of Charles Schwab by 33.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 69,360,233 shares of the financial services provider's stock valued at $4,771,985,000 after acquiring an additional 17,369,091 shares during the last quarter. Norges Bank acquired a new position in shares of Charles Schwab during the 4th quarter worth approximately $950,192,000. Ameriprise Financial Inc. raised its stake in shares of Charles Schwab by 186.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 7,107,176 shares of the financial services provider's stock worth $390,234,000 after purchasing an additional 4,624,302 shares in the last quarter. Boston Partners boosted its holdings in shares of Charles Schwab by 424.7% in the 4th quarter. Boston Partners now owns 4,451,090 shares of the financial services provider's stock valued at $305,400,000 after buying an additional 3,602,830 shares during the last quarter. Finally, Morningstar Investment Services LLC grew its stake in shares of Charles Schwab by 98.0% in the fourth quarter. Morningstar Investment Services LLC now owns 4,691,362 shares of the financial services provider's stock valued at $326,284,000 after buying an additional 2,322,156 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors.

Charles Schwab Stock Performance

Shares of SCHW traded down $0.07 during midday trading on Wednesday, reaching $74.08. 2,502,054 shares of the stock were exchanged, compared to its average volume of 7,276,618. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.69. The stock's 50 day simple moving average is $74.38 and its 200 day simple moving average is $69.88. The Charles Schwab Co. has a twelve month low of $48.66 and a twelve month high of $79.49. The company has a market cap of $131.66 billion, a P/E ratio of 31.16, a PEG ratio of 1.14 and a beta of 0.99.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its quarterly earnings data on Monday, April 15th. The financial services provider reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.01. Charles Schwab had a net margin of 26.14% and a return on equity of 19.25%. The business had revenue of $4.74 billion during the quarter, compared to analysts' expectations of $4.71 billion. On average, sell-side analysts expect that The Charles Schwab Co. will post 3.25 earnings per share for the current year.

Charles Schwab Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms have issued reports on SCHW. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Charles Schwab from $86.00 to $83.00 and set a "buy" rating on the stock in a research report on Thursday, May 23rd. TD Cowen cut their target price on shares of Charles Schwab from $92.00 to $88.00 and set a "buy" rating for the company in a research note on Thursday, May 23rd. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $76.00 price target on shares of Charles Schwab in a research report on Monday, June 17th. Morgan Stanley raised their price objective on Charles Schwab from $65.00 to $71.00 and gave the company an "equal weight" rating in a research report on Tuesday, April 9th. Finally, Bank of America boosted their target price on Charles Schwab from $68.00 to $70.00 and gave the stock an "underperform" rating in a report on Tuesday, April 16th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Charles Schwab currently has an average rating of "Hold" and an average price target of $75.56.

Insider Buying and Selling at Charles Schwab

In related news, CFO Peter B. Crawford sold 5,482 shares of the firm's stock in a transaction 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 transaction, the chief financial officer now owns 60,567 shares in the company, valued at $4,449,251.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Charles Schwab news, CFO Peter B. Crawford sold 6,114 shares of the firm's stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $71.02, for a total value of $434,216.28. Following the sale, the chief financial officer now owns 60,567 shares of the company's stock, valued at approximately $4,301,468.34. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Peter B. Crawford sold 5,482 shares of the business's stock in a transaction 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 transaction, the chief financial officer now directly owns 60,567 shares of the company's stock, valued at approximately $4,449,251.82. The disclosure for this sale can be found here. Insiders sold 658,663 shares of company stock valued at $48,997,146 in the last three months. Corporate insiders own 6.60% of the company's stock.

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.