By otakuyassine3@gmail.com 
Dudley & Shanley Inc. boosted its position in shares of The Charles Schwab Co. (NYSE:SCHW – Free Report) by 2.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 240,383 shares of the financial services provider’s stock after buying an additional 4,900 shares during the quarter. Charles Schwab makes up approximately 2.4% of Dudley & Shanley Inc.’s holdings, making the stock its 20th largest holding. Dudley & Shanley Inc.’s holdings in Charles Schwab were worth $15,579,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Franklin Resources Inc. boosted its stake in Charles Schwab by 15.0% in the third quarter. Franklin Resources Inc. now owns 24,261,234 shares of the financial services provider’s stock valued at $1,644,674,000 after acquiring an additional 3,157,923 shares during the last quarter. Darsana Capital Partners LP boosted its position in shares of Charles Schwab by 200.0% in the 2nd quarter. Darsana Capital Partners LP now owns 3,000,000 shares of the financial services provider’s stock worth $221,070,000 after purchasing an additional 2,000,000 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Charles Schwab by 6.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 28,679,305 shares of the financial services provider’s stock worth $1,858,706,000 after purchasing an additional 1,711,312 shares during the period. AustralianSuper Pty Ltd increased its holdings in Charles Schwab by 2,617.6% in the third quarter. AustralianSuper Pty Ltd now owns 1,707,771 shares of the financial services provider’s stock valued at $110,681,000 after purchasing an additional 1,644,931 shares during the last quarter. Finally, Two Sigma Advisers LP acquired a new position in Charles Schwab in the third quarter valued at about $86,845,000. 84.38% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of analysts recently commented on the stock. Keefe, Bruyette & Woods upped their price objective on shares of Charles Schwab from $81.00 to $93.00 and gave the company an “outperform” rating in a research report on Friday. Morgan Stanley raised their price target on Charles Schwab from $68.00 to $74.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. Barclays upgraded Charles Schwab from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $74.00 to $95.00 in a research report on Monday, December 9th. Piper Sandler raised their target price on shares of Charles Schwab from $64.00 to $65.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Charles Schwab from $86.00 to $87.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $80.50.
Check Out Our Latest Research Report on Charles Schwab
Charles Schwab Stock Performance
SCHW stock traded up $0.40 during midday trading on Monday, reaching $74.71. 6,596,744 shares of the company were exchanged, compared to its average volume of 8,080,357. The Charles Schwab Co. has a one year low of $59.67 and a one year high of $83.35. The firm has a market capitalization of $132.96 billion, a price-to-earnings ratio of 29.18, a price-to-earnings-growth ratio of 1.76 and a beta of 0.96. The business has a 50-day moving average price of $76.77 and a two-hundred day moving average price of $70.54. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47.
Charles Schwab (NYSE:SCHW – Get Free Report) last announced its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.02. The business had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.78 billion. Charles Schwab had a net margin of 27.47% and a return on equity of 16.92%. Charles Schwab’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.77 EPS. Equities research analysts forecast that The Charles Schwab Co. will post 3.12 EPS for the current year.
Charles Schwab Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 1.34%. Charles Schwab’s dividend payout ratio (DPR) is presently 39.06%.
Insider Buying and Selling at Charles Schwab
In other Charles Schwab news, Chairman Charles R. Schwab sold 62,345 shares of the firm’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $72.52, for a total transaction of $4,521,259.40. Following the transaction, the chairman now owns 60,619,371 shares in the company, valued at $4,396,116,784.92. This trade represents a 0.10 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jonathan S. Beatty sold 2,300 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $82.01, for a total value of $188,623.00. Following the sale, the insider now directly owns 18,069 shares in the company, valued at approximately $1,481,838.69. This trade represents a 11.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 118,968 shares of company stock valued at $8,842,821 in the last ninety days. 6.60% of the stock is currently owned by corporate 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.
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