Hunter Perkins Capital Management LLC Decreases Holdings in The Charles Schwab Co. (NYSE:SCHW)

Hunter Perkins Capital Management LLC lowered its stake in shares of The Charles Schwab Co. (NYSE:SCHW) by 3.5% in the fourth quarter, Holdings Channel reports. The firm 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.

Several other hedge funds have also recently modified their holdings of SCHW. Dark Forest Capital Management LP purchased a new stake in shares of Charles Schwab during the second quarter worth $303,000. Mackenzie Financial Corp raised its holdings in Charles Schwab by 3.2% in the 2nd quarter. Mackenzie Financial Corp now owns 482,349 shares of the financial services provider’s stock valued at $35,544,000 after acquiring an additional 15,166 shares during the last quarter. Kathmere Capital Management LLC purchased a new position in Charles Schwab in the 2nd quarter worth approximately $209,000. Driehaus Capital Management LLC boosted its holdings in shares of Charles Schwab by 25.2% during the 2nd quarter. Driehaus Capital Management LLC now owns 8,638 shares of the financial services provider’s stock worth $637,000 after purchasing an additional 1,737 shares during the last quarter. Finally, Ascent Group LLC grew its position in shares of Charles Schwab by 12.3% in the second quarter. Ascent Group LLC now owns 80,579 shares of the financial services provider’s stock valued at $5,938,000 after purchasing an additional 8,838 shares in the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Insider Buying and Selling at Charles Schwab

In other news, General Counsel Peter J. Morgan III sold 14,643 shares of the stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $80.70, for a total value of $1,181,690.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jonathan S. Beatty sold 2,300 shares of the firm’s stock in a transaction dated 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 $1,481,838.69. This trade represents a 11.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,466 shares of company stock valued at $3,352,884 in the last quarter. Corporate insiders own 6.60% of the company’s stock.

Charles Schwab Stock Performance

Shares of Charles Schwab stock opened at $81.67 on Monday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The stock has a market capitalization of $145.34 billion, a price-to-earnings ratio of 27.31, a price-to-earnings-growth ratio of 1.46 and a beta of 0.99. The business has a 50-day moving average of $77.81 and a 200 day moving average of $70.83. 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 announced its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The firm had revenue of $5.33 billion during the quarter, compared to analysts’ expectations of $5,190,822.51 billion. During the same quarter in the previous year, the business posted $0.68 earnings per share. The business’s quarterly revenue was up 19.5% compared to the same quarter last year. As a group, sell-side analysts forecast that The Charles Schwab Co. will post 4.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Truist Financial restated a “buy” rating and issued a $90.00 target price (up from $86.00) on shares of Charles Schwab in a report on Wednesday, January 22nd. Bank of America dropped their price objective on shares of Charles Schwab from $63.00 to $61.00 and set an “underperform” rating for the company in a report on Wednesday, October 16th. Redburn Partners decreased their target price on shares of Charles Schwab from $70.00 to $68.00 and set a “sell” rating on the stock in a report on Friday, January 17th. Barclays increased their price target on shares of Charles Schwab from $95.00 to $96.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Finally, Raymond James decreased their price objective on Charles Schwab from $76.00 to $73.00 in a report on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Charles Schwab currently has a consensus rating of “Hold” and a consensus target price of $83.83.

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.