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

Hutchens & Kramer Investment Management Group LLC lessened its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 7.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,141 shares of the financial services provider’s stock after selling 948 shares during the quarter. Hutchens & Kramer Investment Management Group LLC’s holdings in Charles Schwab were worth $825,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Stablepoint Partners LLC boosted its stake in Charles Schwab by 1.1% during the fourth quarter. Stablepoint Partners LLC now owns 12,486 shares of the financial services provider’s stock worth $924,000 after buying an additional 141 shares during the period. Alliance Wealth Advisors LLC boosted its stake in shares of Charles Schwab by 2.7% in the third quarter. Alliance Wealth Advisors LLC now owns 5,358 shares of the financial services provider’s stock valued at $347,000 after purchasing an additional 142 shares during the period. Michael S. Ryan Inc. boosted its stake in shares of Charles Schwab by 2.5% in the fourth quarter. Michael S. Ryan Inc. now owns 5,998 shares of the financial services provider’s stock valued at $444,000 after purchasing an additional 144 shares during the period. GS Investments Inc. boosted its stake in shares of Charles Schwab by 0.3% in the third quarter. GS Investments Inc. now owns 57,434 shares of the financial services provider’s stock valued at $3,722,000 after purchasing an additional 146 shares during the period. Finally, Relyea Zuckerberg Hanson LLC boosted its stake in shares of Charles Schwab by 2.8% in the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 5,413 shares of the financial services provider’s stock valued at $401,000 after purchasing an additional 148 shares during the period. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Insider Activity

In other news, insider Jonathan S. Beatty sold 2,500 shares of Charles Schwab stock in a transaction on Monday, November 11th. The shares were sold at an average price of $77.02, for a total value of $192,550.00. Following the transaction, the insider now directly owns 18,069 shares of the company’s stock, valued at $1,391,674.38. The trade was a 12.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Arun Sarin sold 8,548 shares of Charles Schwab stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $81.82, for a total transaction of $699,397.36. Following the completion of the transaction, the director now directly owns 18,617 shares in the company, valued at $1,523,242.94. The trade was a 31.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 50,014 shares of company stock valued at $4,052,281 in the last ninety days. 6.60% of the stock is currently owned by company insiders.

Charles Schwab Stock Up 0.7 %

SCHW stock opened at $82.36 on Tuesday. 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 twelve month low of $61.01 and a twelve month high of $83.35. The company’s 50 day moving average is $77.81 and its two-hundred day moving average is $70.83. The stock has a market cap of $146.58 billion, a P/E ratio of 27.55, a PEG ratio of 1.46 and a beta of 0.99.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.11. The company had revenue of $5.33 billion for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter last year, the company earned $0.68 earnings per share. Research analysts expect that The Charles Schwab Co. will post 4.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on SCHW. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Charles Schwab from $98.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Redburn Partners lowered their price objective on shares of Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a research note on Friday, January 17th. Bank of America lowered their price objective on shares of Charles Schwab from $63.00 to $61.00 and set an “underperform” rating for the company in a research note on Wednesday, October 16th. Wells Fargo & Company raised shares of Charles Schwab from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $89.00 to $93.00 in a report on Wednesday, January 22nd. Finally, StockNews.com raised shares of Charles Schwab from a “sell” rating to a “hold” rating in a report on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $84.11.

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.