Dudley & Shanley Inc. Trims Stake in The Charles Schwab Corporation $SCHW

Dudley & Shanley Inc. lessened its position in The Charles Schwab Corporation (NYSE:SCHW) by 12.0% in the 3rd quarter, Holdings Channel reports. The firm owned 211,965 shares of the financial services provider’s stock after selling 28,968 shares during the period. Charles Schwab accounts for approximately 3.3% of Dudley & Shanley Inc.’s investment portfolio, making the stock its 14th biggest holding. Dudley & Shanley Inc.’s holdings in Charles Schwab were worth $20,717,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Compass Financial Management LLC acquired a new stake in shares of Charles Schwab in the 2nd quarter valued at about $27,000. Scarborough Advisors LLC acquired a new position in Charles Schwab during the first quarter worth $29,000. Main Street Group LTD acquired a new stake in Charles Schwab in the 1st quarter valued at about $33,000. SHP Wealth Management bought a new position in shares of Charles Schwab during the 4th quarter worth approximately $42,000. Finally, J.Safra Asset Management Corp acquired a new position in shares of Charles Schwab in the second quarter valued at $39,000. Institutional investors own 84.38% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on SCHW shares. UBS Group set a $135.00 price target on Charles Schwab in a research note on Monday, August 3rd. BMO Capital Markets cut Charles Schwab from an “outperform” rating to a “market perform” rating and set a $105.00 price objective on the stock. in a research report on Monday, July 20th. Argus lifted their target price on Charles Schwab from $108.00 to $114.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Compass Point initiated coverage on shares of Charles Schwab in a research note on Monday, August 3rd. They issued a “buy” rating and a $135.00 price target on the stock. Finally, Bank of America raised their price target on shares of Charles Schwab from $91.00 to $95.00 and gave the stock an “underperform” rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Charles Schwab presently has a consensus rating of “Moderate Buy” and a consensus target price of $119.58.

Charles Schwab Trading Down 1.0%

NYSE SCHW traded down $0.94 during trading hours on Tuesday, reaching $97.02. The company’s stock had a trading volume of 2,182,393 shares, compared to its average volume of 10,083,283. The firm has a fifty day simple moving average of $106.37 and a 200-day simple moving average of $98.08. The stock has a market cap of $167.78 billion, a P/E ratio of 17.64, a P/E/G ratio of 0.84 and a beta of 0.79. The Charles Schwab Corporation has a 52 week low of $83.96 and a 52 week high of $114.53. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.64 and a quick ratio of 0.64.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.06. The firm had revenue of $7.07 billion during the quarter, compared to analysts’ expectations of $6.90 billion. Charles Schwab had a net margin of 38.79% and a return on equity of 24.53%. The company’s revenue was up 20.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.14 EPS. Equities analysts forecast that The Charles Schwab Corporation will post 6.46 earnings per share for the current fiscal year.

Charles Schwab Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Friday, August 14th. Charles Schwab’s dividend payout ratio is presently 23.27%.

Insider Buying and Selling at Charles Schwab

In other news, Chairman Walter W. Bettinger sold 192,488 shares of the stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $103.90, for a total value of $19,999,503.20. Following the completion of the sale, the chairman owned 529,346 shares of the company’s stock, valued at approximately $54,999,049.40. This represents a 26.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Nigel J. Murtagh sold 32,947 shares of the firm’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $104.01, for a total value of $3,426,817.47. Following the transaction, the insider owned 57,972 shares of the company’s stock, valued at $6,029,667.72. This trade represents a 36.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 645,582 shares of company stock worth $69,553,935 over the last 90 days. Company insiders own 6.30% of the company’s stock.

Charles Schwab Company Profile

Charles Schwab Corporation (NYSE:SCHW) is a financial services company that provides brokerage, investment, banking and wealth management services to individual investors, employers, institutions and independent investment advisors. Its offerings include online and mobile trading, securities brokerage, retirement accounts, financial planning, portfolio management, banking products, research and access to mutual funds and exchange-traded funds.

The company operates through businesses including Schwab Brokerage, Schwab Wealth Advisory, Schwab Asset Management and Charles Schwab Bank.