Hutchens & Kramer Investment Management Group LLC Decreases Stock Position in The Charles Schwab Co. (NYSE:SCHW)

Hutchens & Kramer Investment Management Group LLC reduced its holdings in shares of The Charles Schwab Co. (NYSE:SCHW) by 12.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 12,089 shares of the financial services provider’s stock after selling 1,661 shares during the period. Hutchens & Kramer Investment Management Group LLC’s holdings in Charles Schwab were worth $773,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SCHW. Price T Rowe Associates Inc. MD boosted its stake in shares of Charles Schwab by 4.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 72,306,560 shares of the financial services provider’s stock valued at $5,230,657,000 after acquiring an additional 2,946,327 shares during the last quarter. Darsana Capital Partners LP boosted its stake in shares of Charles Schwab by 200.0% during 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. Mondrian Investment Partners LTD boosted its stake in shares of Charles Schwab by 28,736.1% during the 1st quarter. Mondrian Investment Partners LTD now owns 1,485,637 shares of the financial services provider’s stock worth $107,471,000 after purchasing an additional 1,480,485 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Charles Schwab during the first quarter worth about $105,563,000. Finally, Westwood Holdings Group Inc. raised its position in shares of Charles Schwab by 231.2% in the first quarter. Westwood Holdings Group Inc. now owns 1,498,929 shares of the financial services provider’s stock valued at $108,433,000 after buying an additional 1,046,322 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on SCHW shares. The Goldman Sachs Group decreased their price objective on Charles Schwab from $71.00 to $67.00 and set a “neutral” rating on the stock in a report on Thursday, September 26th. Cowen lifted their target price on Charles Schwab from $69.00 to $75.00 and gave the company a “hold” rating in a report on Tuesday. Keefe, Bruyette & Woods dropped their price target on Charles Schwab from $80.00 to $76.00 and set an “overweight” rating for the company in a research note on Tuesday. Wells Fargo & Company assumed coverage on shares of Charles Schwab in a research report on Thursday, September 12th. They set an “equal weight” rating and a $70.00 target price for the company. Finally, UBS Group dropped their price objective on shares of Charles Schwab from $91.00 to $90.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $71.82.

Insider Transactions at Charles Schwab

In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $64.05, for a total transaction of $576,450.00. Following the transaction, the director now owns 554,929 shares of the company’s stock, valued at $35,543,202.45. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Paul V. Woolway sold 1,150 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $65.20, for a total transaction of $74,980.00. Following the completion of the sale, the insider now owns 61,887 shares of the company’s stock, valued at $4,035,032.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $64.05, for a total transaction of $576,450.00. Following the completion of the transaction, the director now directly owns 554,929 shares in the company, valued at $35,543,202.45. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 98,856 shares of company stock valued at $6,398,604. Insiders own 6.60% of the company’s stock.

Charles Schwab Stock Up 6.1 %

Shares of NYSE:SCHW traded up $4.14 during trading on Tuesday, hitting $71.96. The company’s stock had a trading volume of 21,272,792 shares, compared to its average volume of 8,082,911. The Charles Schwab Co. has a fifty-two week low of $48.66 and a fifty-two week high of $79.49. The stock’s 50-day moving average price is $64.23 and its two-hundred day moving average price is $69.49. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.42 and a current ratio of 0.42. The company has a market capitalization of $127.98 billion, a PE ratio of 30.51, a PEG ratio of 1.43 and a beta of 0.97.

Charles Schwab (NYSE:SCHW) last released its earnings results on Tuesday, October 15th. The financial services provider reported $0.77 EPS for the quarter, beating the consensus estimate of $0.75 by $0.02. Charles Schwab had a return on equity of 18.14% and a net margin of 26.30%. The company had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $4.78 billion. During the same period in the prior year, the business posted $0.77 EPS. The business’s revenue was up 5.2% on a year-over-year basis. As a group, sell-side analysts expect that The Charles Schwab Co. will post 3.06 EPS for the current year.

Charles Schwab Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend was Friday, August 9th. Charles Schwab’s dividend payout ratio is currently 41.49%.

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.