Hunter Perkins Capital Management LLC Sells 2,005 Shares of The Charles Schwab Co. (NYSE:SCHW)

Hunter Perkins Capital Management LLC reduced its stake in The Charles Schwab Co. (NYSE:SCHW) by 3.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,040 shares of the financial services provider’s stock after selling 2,005 shares during the period. Hunter Perkins Capital Management LLC’s holdings in Charles Schwab were worth $4,074,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of SCHW. State Street Corp grew its holdings in Charles Schwab by 0.7% during the 3rd quarter. State Street Corp now owns 62,076,447 shares of the financial services provider’s stock worth $4,023,175,000 after acquiring an additional 414,949 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Charles Schwab by 1.5% during the third quarter. Geode Capital Management LLC now owns 30,141,441 shares of the financial services provider’s stock valued at $1,945,614,000 after purchasing an additional 445,304 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in 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 valued at $1,858,706,000 after buying an additional 1,711,312 shares during the period. Franklin Resources Inc. raised 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 worth $1,644,674,000 after buying an additional 3,157,923 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its holdings in Charles Schwab by 2.5% during the third quarter. Fisher Asset Management LLC now owns 20,189,558 shares of the financial services provider’s stock worth $1,308,485,000 after buying an additional 493,264 shares during the period. 84.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Redburn Partners reduced their price target on Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a research report on Friday, January 17th. Jefferies Financial Group increased their price target on shares of Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Truist Financial reaffirmed a “buy” rating and issued a $90.00 price objective (up previously from $86.00) on shares of Charles Schwab in a research report on Wednesday, January 22nd. Raymond James decreased their target price on shares of Charles Schwab from $76.00 to $73.00 in a research report on Tuesday, October 15th. Finally, Bank of America cut their price target on shares of Charles Schwab from $63.00 to $61.00 and set an “underperform” rating on the stock in a report on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Charles Schwab presently has a consensus rating of “Hold” and an average price target of $83.83.

Insider Transactions at Charles Schwab

In related news, insider Jonathan S. Beatty sold 2,500 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $77.02, for a total transaction of $192,550.00. Following the sale, the insider now owns 18,069 shares in the company, valued at approximately $1,391,674.38. This trade represents a 12.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Peter J. Morgan III sold 14,643 shares of the company’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $80.70, for a total transaction of $1,181,690.10. The disclosure for this sale can be found here. Insiders have sold 41,466 shares of company stock worth $3,352,884 over the last quarter. 6.60% of the stock is currently owned by insiders.

Charles Schwab Stock Performance

SCHW opened at $81.67 on Monday. The firm has a 50 day moving average of $77.81 and a two-hundred day moving average of $70.83. The firm has a market capitalization of $145.34 billion, a PE ratio of 27.31, a P/E/G ratio of 1.46 and a beta of 0.99. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The Charles Schwab Co. has a 12-month low of $61.01 and a 12-month high of $83.35.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. The company had revenue of $5.33 billion during the quarter, compared to the consensus estimate of $5,190,822.51 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The firm’s quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.68 earnings per share. On average, analysts anticipate that The Charles Schwab Co. will post 4.09 EPS for the current year.

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.