Charles Schwab Co. (SCHW) Stake Decreased by Trust Co. of Vermont

Millennium Management LLC lifted its holdings in Charles Schwab by 34.8% during the 2nd quarter. Millennium Management LLC now owns 72,778 …

Charles Schwab logoTrust Co. of Vermont decreased its holdings in shares of Charles Schwab Co. (NYSE:SCHW) by 38.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,258 shares of the financial services provider’s stock after selling 11,406 shares during the quarter. Trust Co. of Vermont’s holdings in Charles Schwab were worth $758,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC lifted its holdings in Charles Schwab by 13.7% during the 2nd quarter. FMR LLC now owns 65,193,384 shares of the financial services provider’s stock worth $3,331,382,000 after buying an additional 7,868,551 shares during the last quarter. Millennium Management LLC lifted its holdings in Charles Schwab by 34.8% during the 2nd quarter. Millennium Management LLC now owns 72,778 shares of the financial services provider’s stock worth $3,719,000 after buying an additional 18,806 shares during the last quarter. Verition Fund Management LLC purchased a new stake in Charles Schwab during the 2nd quarter worth about $223,000. Schroder Investment Management Group lifted its holdings in Charles Schwab by 326.4% during the 2nd quarter. Schroder Investment Management Group now owns 575,152 shares of the financial services provider’s stock worth $29,741,000 after buying an additional 440,263 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Charles Schwab by 0.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 12,567,417 shares of the financial services provider’s stock worth $642,195,000 after buying an additional 68,160 shares during the last quarter. 79.78% of the stock is owned by institutional investors and hedge funds.

SCHW stock opened at $46.36 on Friday. Charles Schwab Co. has a 1 year low of $37.83 and a 1 year high of $60.22. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.29 and a current ratio of 0.29. The company has a market capitalization of $62.61 billion, a P/E ratio of 18.92, a P/E/G ratio of 1.06 and a beta of 1.37.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Wednesday, January 16th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.01. Charles Schwab had a return on equity of 20.28% and a net margin of 34.61%. The firm had revenue of $2.67 billion for the quarter, compared to analyst estimates of $2.64 billion. During the same quarter in the prior year, the company earned $0.44 EPS. Charles Schwab’s revenue was up 19.0% on a year-over-year basis. Analysts expect that Charles Schwab Co. will post 2.81 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 28th. Shareholders of record on Thursday, February 14th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend is Wednesday, February 13th. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.13. Charles Schwab’s dividend payout ratio is currently 27.76%.

Charles Schwab declared that its Board of Directors has authorized a stock repurchase program on Thursday, October 25th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to purchase up to 1.7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

A number of analysts have issued reports on the company. Morgan Stanley decreased their price target on Charles Schwab from $66.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, November 14th. UBS Group downgraded Charles Schwab from a “buy” rating to a “neutral” rating in a report on Monday, November 19th. Raymond James boosted their target price on Charles Schwab from $51.00 to $54.00 and gave the company an “outperform” rating in a report on Wednesday, January 16th. ValuEngine raised Charles Schwab from a “sell” rating to a “hold” rating in a report on Wednesday, January 16th. Finally, Credit Suisse Group boosted their price target on Charles Schwab from $50.00 to $54.00 and gave the company an “outperform” rating in a research report on Thursday, January 17th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $54.31.

In other Charles Schwab news, EVP Terri R. Kallsen sold 4,913 shares of the stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $46.09, for a total transaction of $226,440.17. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Charles R. Schwab sold 250,000 shares of the stock in a transaction on Friday, February 1st. The stock was sold at an average price of $47.04, for a total value of $11,760,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 258,652 shares of company stock worth $12,149,386. Corporate insiders own 11.50% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This story was first posted by Fairfield Current and is owned by of Fairfield Current. If you are viewing this story on another site, it was stolen and republished in violation of U.S. and international trademark and copyright legislation. The original version of this story can be read at https://www.fairfieldcurrent.com/news/2019/02/16/trust-co-of-vermont-trims-holdings-in-charles-schwab-co-schw.html.

Charles Schwab Profile

The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services, retirement plan services, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor, retirement plan, and mutual fund clearing services.

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Institutional Ownership by Quarter for Charles Schwab (NYSE:SCHW)

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Moneygram International Inc (MGI) Receives Consensus Recommendation of “Hold” from …

Finally, Acadian Asset Management LLC lifted its holdings in shares of Moneygram International by 2,661.3% in the third quarter. Acadian Asset …

Moneygram International logoShares of Moneygram International Inc (NASDAQ:MGI) have received a consensus rating of “Hold” from the seven research firms that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $4.25.

MGI has been the topic of several recent research reports. ValuEngine upgraded Moneygram International from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Evercore ISI lowered Moneygram International from an “in-line” rating to an “underperform” rating in a report on Friday, November 9th. Finally, Barclays initiated coverage on Moneygram International in a report on Wednesday, November 14th. They issued an “underweight” rating and a $2.00 price target on the stock.

Several hedge funds have recently bought and sold shares of MGI. Schwab Charles Investment Management Inc. lifted its holdings in shares of Moneygram International by 9.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 151,644 shares of the financial services provider’s stock valued at $1,015,000 after purchasing an additional 13,041 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Moneygram International by 6.4% in the second quarter. BlackRock Inc. now owns 2,170,355 shares of the financial services provider’s stock valued at $14,521,000 after purchasing an additional 131,236 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Moneygram International by 10.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,335,365 shares of the financial services provider’s stock valued at $8,934,000 after purchasing an additional 128,863 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Moneygram International by 14.1% in the second quarter. Northern Trust Corp now owns 363,470 shares of the financial services provider’s stock valued at $2,431,000 after purchasing an additional 44,823 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in shares of Moneygram International by 2,661.3% in the third quarter. Acadian Asset Management LLC now owns 379,976 shares of the financial services provider’s stock valued at $2,033,000 after purchasing an additional 366,215 shares in the last quarter. Institutional investors own 84.35% of the company’s stock.

Shares of NASDAQ:MGI opened at $2.28 on Friday. The company has a market capitalization of $124.02 million, a price-to-earnings ratio of 2.59 and a beta of 1.66. Moneygram International has a 52-week low of $1.59 and a 52-week high of $11.82.

Moneygram International (NASDAQ:MGI) last announced its quarterly earnings results on Thursday, November 8th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.08. The business had revenue of $347.20 million for the quarter, compared to analyst estimates of $378.73 million. Moneygram International had a negative return on equity of 10.35% and a negative net margin of 4.24%. The company’s revenue was up 14.1% on a year-over-year basis. On average, equities analysts expect that Moneygram International will post 0.48 EPS for the current year.

Moneygram International Company Profile

MoneyGram International, Inc, together with its subsidiaries, provides money transfer services in the United States and internationally. The company operates through two segments, Global Funds Transfer and Financial Paper Products. The Global Funds Transfer segment offers money transfer services and bill payment services primarily to unbanked and underbanked consumers.

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Toronto Dominion Bank Trimmed Cme Group (CME) Holding as Stock Price Rose; Schwab …

Toronto Dominion Bank decreased its stake in Cme Group Inc (CME) by 5.23% based on its latest 2018Q3 regulatory filing with the SEC. Toronto …

CME Group Inc. (NASDAQ:CME) Logo

Toronto Dominion Bank decreased its stake in Cme Group Inc (CME) by 5.23% based on its latest 2018Q3 regulatory filing with the SEC. Toronto Dominion Bank sold 13,710 shares as the company’s stock rose 9.33% while stock markets declined. The institutional investor held 248,366 shares of the investment bankers and brokers and service company at the end of 2018Q3, valued at $41.52M, down from 262,076 at the end of the previous reported quarter. Toronto Dominion Bank who had been investing in Cme Group Inc for a number of months, seems to be less bullish one the $62.41B market cap company. The stock decreased 1.67% or $2.97 during the last trading session, reaching $174.43. About 1.51 million shares traded. CME Group Inc. (NASDAQ:CME) has risen 28.18% since February 15, 2018 and is uptrending. It has outperformed by 28.18% the S&P500. Some Historical CME News: 18/05/2018 – NEX Group: 99.98% of Proxy Votes Were in Favor of CME Takeover; 22/03/2018 – Memo to staff Spencer ready to stay at helm in event of CME deal; 16/03/2018 – CME LEAN HOG DEFERRED MONTHS

Ycg Llc increased its stake in Schwab Charles Corp New (SCHW) by 13.03% based on its latest 2018Q3 regulatory filing with the SEC. Ycg Llc bought 63,016 shares as the company’s stock declined 18.81% with the market. The institutional investor held 546,627 shares of the investment bankers and brokers and service company at the end of 2018Q3, valued at $26.87 million, up from 483,611 at the end of the previous reported quarter. Ycg Llc who had been investing in Schwab Charles Corp New for a number of months, seems to be bullish on the $62.23B market cap company. The stock increased 1.74% or $0.79 during the last trading session, reaching $46.08. About 4.58 million shares traded. The Charles Schwab Corporation (NYSE:SCHW) has declined 19.54% since February 15, 2018 and is downtrending. It has underperformed by 19.54% the S&P500. Some Historical SCHW News: 16/04/2018 – Charles Schwab 1Q EPS 55c; 16/04/2018 – Charles Schwab 1Q Net New Assets Negative $18.8B; 08/05/2018 – Casey Schwab of NFL Players Association to Keynote Summer Meeting Of Legislators from Gaming States, July 13-15 in Cleveland; 07/03/2018 Fitch Affirms Charles Schwab Corporation at ‘A’/’F1’; Outlook Stable; 09/05/2018 – Bend Source: Moms Love ArtConcert at Les Schwab; 29/03/2018 – Charles Schwab Ranks Highest in J.D. Power Full Service Investor Satisfaction Study for Third Consecutive Year; 14/05/2018 – CHARLES SCHWAB CORP – CORE NET NEW ASSETS BROUGHT TO COMPANY BY NEW AND EXISTING CLIENTS IN APRIL 2018 TOTALED $9.9 BLN; 02/04/2018 – Schwab US Broad Market ETF Goes Below 200-D-MA: Technicals; 31/05/2018 – Charles Schwab Opens 50-Acre Campus in Austin Featuring Modern, Flexible and Open Concept Elements; 25/04/2018 – Erik Schatzker on Schwab’s CEO Walter Bettinger

Toronto Dominion Bank, which manages about $54.71B US Long portfolio, upped its stake in Pnc Financial Services Group I (NYSE:PNC) by 87,437 shares to 398,266 shares, valued at $54.23M in 2018Q3, according to the filing. It also increased its holding in Progressive Corp/The (NYSE:PGR) by 4,537 shares in the quarter, for a total of 378,907 shares, and has risen its stake in Stantec Inc (NYSE:STN).

Investors sentiment decreased to 1.17 in Q3 2018. Its down 0.22, from 1.39 in 2018Q2. It dropped, as 26 investors sold CME shares while 249 reduced holdings. 89 funds opened positions while 234 raised stakes. 272.58 million shares or 1.52% more from 268.50 million shares in 2018Q2 were reported. Honeywell Intl Incorporated reported 0.67% stake. Gam Hldgs Ag has 12,206 shares. Sumitomo Mitsui holds 0.21% in CME Group Inc. (NASDAQ:CME) or 1.16 million shares. 38,776 are held by Putnam Investments Lc. Huntington Bankshares holds 2,189 shares or 0.01% of its portfolio. The Switzerland-based Banque Pictet And Cie Sa has invested 0.01% in CME Group Inc. (NASDAQ:CME). United Fin Advisers Ltd Company holds 0.19% or 154,948 shares. The Illinois-based Segall Bryant And Hamill Limited Liability Corporation has invested 0.01% in CME Group Inc. (NASDAQ:CME). Peregrine Asset Advisers has invested 2.11% in CME Group Inc. (NASDAQ:CME). Apg Asset Management Nv holds 0.4% or 1.56 million shares. First Mercantile Company reported 5,498 shares or 0.18% of all its holdings. Utd Automobile Association holds 657,326 shares. Piedmont Invest Advisors Inc accumulated 0.04% or 5,744 shares. Contravisory Inv Mgmt has invested 0.01% in CME Group Inc. (NASDAQ:CME). Eaton Vance Mgmt holds 316,360 shares.

Since September 4, 2018, it had 0 insider purchases, and 13 insider sales for $14.17 million activity. The insider DUFFY TERRENCE A sold 10,000 shares worth $1.89 million. 300 shares valued at $51,689 were sold by GEPSMAN MARTIN J on Thursday, September 13. The insider Pietrowicz John W. sold $3.36 million. Another trade for 7,820 shares valued at $1.37 million was made by Tobin Jack J on Wednesday, September 5. $2.59 million worth of CME Group Inc. (NASDAQ:CME) was sold by Tully Sean on Wednesday, December 12. Shares for $626,039 were sold by Holzrichter Julie.

More notable recent CME Group Inc. (NASDAQ:CME) news were published by: Fool.com which released: “Better Buy: CME Group vs. Nasdaq – The Motley Fool” on January 09, 2019, also Nasdaq.com with their article: “Securities and Exchanges Stock Outlook: Strong Growth Ahead – Nasdaq” published on February 08, 2019, Nasdaq.com published: “Broadcaster CME scraps sale of Slovenian operations – Nasdaq” on January 18, 2019. More interesting news about CME Group Inc. (NASDAQ:CME) were released by: Nasdaq.com and their article: “Pre-Market Earnings Report for February 14, 2019 : KO, DUK, CME, WM, ZTS, IQV, CCEP, PPL, TU, AZN, INCY, AEE – Nasdaq” published on February 13, 2019 as well as Thestreet.com‘s news article titled: “Traders Are Focusing on FANG Through Nasdaq Futures – TheStreet.com” with publication date: February 05, 2019.

Among 22 analysts covering CME Group (NASDAQ:CME), 10 have Buy rating, 1 Sell and 11 Hold. Therefore 45% are positive. CME Group had 76 analyst reports since August 3, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, February 7 by Goldman Sachs. The stock of CME Group Inc. (NASDAQ:CME) has “Hold” rating given on Thursday, December 21 by Keefe Bruyette & Woods. The rating was maintained by Bank of America with “Buy” on Monday, November 5. The firm has “Buy” rating by Sandler O’Neill given on Friday, March 2. JP Morgan maintained the shares of CME in report on Friday, September 4 with “Neutral” rating. The rating was maintained by Barclays Capital on Tuesday, August 11 with “Equal Weight”. The stock of CME Group Inc. (NASDAQ:CME) has “Buy” rating given on Wednesday, September 6 by UBS. On Wednesday, July 5 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. The stock of CME Group Inc. (NASDAQ:CME) has “Hold” rating given on Thursday, June 1 by Keefe Bruyette & Woods. The firm has “Hold” rating given on Monday, September 18 by Keefe Bruyette & Woods.

Investors sentiment increased to 1.29 in Q3 2018. Its up 0.18, from 1.11 in 2018Q2. It is positive, as 50 investors sold SCHW shares while 276 reduced holdings. 96 funds opened positions while 324 raised stakes. 1.03 billion shares or 1.80% less from 1.05 billion shares in 2018Q2 were reported. Sun Life Financial Inc invested in 0.03% or 3,321 shares. Tctc Ltd Llc reported 0.06% in The Charles Schwab Corporation (NYSE:SCHW). Schwab Charles Invest Incorporated, a California-based fund reported 4.44M shares. Ogorek Anthony Joseph Ny Adv holds 364 shares or 0.01% of its portfolio. Invest Counsel Inc holds 0.2% or 10,903 shares in its portfolio. Pillar Pacific Mgmt Limited Liability Corporation accumulated 17,436 shares or 0.09% of the stock. Rand Wealth Limited Liability Corporation has invested 0.08% of its portfolio in The Charles Schwab Corporation (NYSE:SCHW). 11,965 were accumulated by Blue Edge Limited Company. Bryn Mawr Trust reported 77,191 shares stake. Riverpark Ltd Liability holds 3.82% of its portfolio in The Charles Schwab Corporation (NYSE:SCHW) for 324,999 shares. Los Angeles Mngmt And Equity Inc holds 10,885 shares or 0% of its portfolio. Coastline Tru holds 0.11% of its portfolio in The Charles Schwab Corporation (NYSE:SCHW) for 15,800 shares. Ironwood Invest Management reported 9,209 shares or 0.32% of all its holdings. Royal London Asset Mgmt Ltd reported 0% in The Charles Schwab Corporation (NYSE:SCHW). Wealthfront holds 0.02% or 34,626 shares.

More important recent The Charles Schwab Corporation (NYSE:SCHW) news were published by: Seekingalpha.com which released: “NYSE, Nasdaq, CBOE, IEX, And MEMX: Exchanges Doomed By Excess – Seeking Alpha” on January 24, 2019, also Seekingalpha.com published article titled: “Schwab beefs up commission-free ETF lineup – Seeking Alpha”, 247Wallst.com published: “Top Analyst Upgrades and Downgrades: Alcoa, Cars.com, CVS, Electronic Arts, Halliburton, PNC, Salesforce, Walgreens, UnitedHealth and More – 24/7 Wall St.” on January 17, 2019. More interesting news about The Charles Schwab Corporation (NYSE:SCHW) was released by: Seekingalpha.com and their article: “JPMorgan pushes ahead in ETFs – Seeking Alpha” with publication date: January 28, 2019.

Among 27 analysts covering Charles Schwab (NYSE:SCHW), 17 have Buy rating, 0 Sell and 10 Hold. Therefore 63% are positive. Charles Schwab had 119 analyst reports since August 11, 2015 according to SRatingsIntel. JP Morgan upgraded it to “Overweight” rating and $39.0 target in Tuesday, September 8 report. Raymond James upgraded it to “Outperform” rating and $54 target in Tuesday, October 30 report. The stock has “Buy” rating by UBS on Friday, February 3. The stock has “Hold” rating by Credit Suisse on Thursday, June 21. SunTrust maintained the stock with “Buy” rating in Monday, October 23 report. As per Friday, October 26, the company rating was maintained by Credit Suisse. The stock of The Charles Schwab Corporation (NYSE:SCHW) earned “Hold” rating by Deutsche Bank on Tuesday, April 17. Jefferies maintained the stock with “Buy” rating in Friday, April 20 report. Deutsche Bank maintained The Charles Schwab Corporation (NYSE:SCHW) on Wednesday, October 5 with “Buy” rating. The stock of The Charles Schwab Corporation (NYSE:SCHW) has “Outperform” rating given on Thursday, September 22 by CLSA.

Since August 16, 2018, it had 1 insider purchase, and 7 selling transactions for $26.42 million activity. Kallsen Terri R sold 4,913 shares worth $226,441. Another trade for 15,718 shares valued at $803,823 was made by DODDS CHRISTOPHER V on Thursday, August 16. $4.84 million worth of The Charles Schwab Corporation (NYSE:SCHW) was bought by Bettinger Walter W. Shares for $162,946 were sold by Craig Jonathan M.. SCHWAB CHARLES R had sold 250,000 shares worth $11.76 million.

CME Group Inc. (NASDAQ:CME) Institutional Positions Chart

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Renaissance Technologies LLC Buys 14901 Shares of Weyco Group, Inc. (WEYS)

Renaissance Technologies LLC grew its stake in Weyco Group, Inc. (NASDAQ:WEYS) by 23.0% in the 3rd quarter, according to the company in its …

Weyco Group logoRenaissance Technologies LLC grew its stake in Weyco Group, Inc. (NASDAQ:WEYS) by 23.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 79,600 shares of the textile maker’s stock after buying an additional 14,901 shares during the period. Renaissance Technologies LLC owned 0.78% of Weyco Group worth $2,800,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. BlackRock Inc. grew its stake in Weyco Group by 0.5% in the third quarter. BlackRock Inc. now owns 435,991 shares of the textile maker’s stock valued at $15,337,000 after acquiring an additional 2,120 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in shares of Weyco Group by 21.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 36,504 shares of the textile maker’s stock valued at $1,329,000 after purchasing an additional 6,442 shares in the last quarter. Seizert Capital Partners LLC bought a new stake in Weyco Group during the third quarter worth $249,000. Panagora Asset Management Inc. bought a new stake in Weyco Group during the third quarter worth $261,000. Finally, First Trust Advisors LP bought a new stake in Weyco Group during the third quarter worth $337,000. 31.51% of the stock is owned by institutional investors.

A number of brokerages recently commented on WEYS. BidaskClub lowered Weyco Group from a “sell” rating to a “strong sell” rating in a report on Friday, January 25th. ValuEngine downgraded Weyco Group from a “buy” rating to a “hold” rating in a research report on Tuesday, November 6th.

WEYS stock traded down $0.14 during mid-day trading on Thursday, hitting $27.54. 8,100 shares of the stock were exchanged, compared to its average volume of 15,281. Weyco Group, Inc. has a 12 month low of $26.70 and a 12 month high of $39.93. The firm has a market cap of $276.68 million, a P/E ratio of 16.15 and a beta of 0.45.

In other news, Director Tina M. Chang sold 1,500 shares of the business’s stock in a transaction dated Tuesday, December 4th. The stock was sold at an average price of $33.18, for a total value of $49,770.00. Following the completion of the sale, the director now owns 9,302 shares of the company’s stock, valued at approximately $308,640.36. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 43.60% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Renaissance Technologies LLC Buys 14,901 Shares of Weyco Group, Inc. (WEYS)” was reported by Fairfield Current and is owned by of Fairfield Current. If you are reading this piece of content on another site, it was stolen and reposted in violation of United States & international trademark and copyright laws. The original version of this piece of content can be read at https://www.fairfieldcurrent.com/news/2019/02/14/renaissance-technologies-llc-grows-holdings-in-weyco-group-inc-weys.html.

Weyco Group Company Profile

Weyco Group, Inc, together with its subsidiaries, designs and distributes footwear. The company operates through two segments, North American Wholesale and North American Retail. It engages in the design and marketing footwear for men, women, and children under the Florsheim, Nunn Bush, Stacy Adams, BOGS, Rafters, and Umi brand names.

See Also: Buyback For Investors Defined

Institutional Ownership by Quarter for Weyco Group (NASDAQ:WEYS)

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AQR Capital Management LLC Raises Stake in Malibu Boats Inc (MBUU)

AQR Capital Management LLC lifted its position in Malibu Boats Inc (NASDAQ:MBUU) by 72.6% during the third quarter, according to the company in …

Malibu Boats logoAQR Capital Management LLC lifted its position in Malibu Boats Inc (NASDAQ:MBUU) by 72.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,661 shares of the company’s stock after buying an additional 9,112 shares during the period. AQR Capital Management LLC owned approximately 0.10% of Malibu Boats worth $1,185,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Bank of New York Mellon Corp grew its position in shares of Malibu Boats by 8.7% in the second quarter. Bank of New York Mellon Corp now owns 154,158 shares of the company’s stock valued at $6,465,000 after purchasing an additional 12,369 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of Malibu Boats by 27.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 124,810 shares of the company’s stock valued at $5,235,000 after purchasing an additional 27,073 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Malibu Boats by 2.0% in the second quarter. Dimensional Fund Advisors LP now owns 776,397 shares of the company’s stock valued at $32,562,000 after purchasing an additional 15,254 shares during the last quarter. Paloma Partners Management Co acquired a new position in shares of Malibu Boats in the second quarter valued at approximately $443,000. Finally, Millennium Management LLC grew its position in Malibu Boats by 1,966.0% during the second quarter. Millennium Management LLC now owns 285,726 shares of the company’s stock worth $11,983,000 after buying an additional 271,896 shares in the last quarter. 95.42% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts recently issued reports on MBUU shares. BidaskClub downgraded Malibu Boats from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 19th. Zacks Investment Research cut Malibu Boats from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 8th. ValuEngine cut Malibu Boats from a “hold” rating to a “sell” rating in a research note on Friday, December 7th. Finally, Wells Fargo & Co cut their target price on Malibu Boats from $58.00 to $45.00 and set an “outperform” rating for the company in a research note on Tuesday, December 18th. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $54.86.

In other news, VP Deborah S. Kent sold 1,200 shares of the stock in a transaction on Friday, February 8th. The stock was sold at an average price of $45.06, for a total value of $54,072.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Ritchie L. Anderson sold 12,036 shares of the stock in a transaction on Tuesday, November 27th. The shares were sold at an average price of $45.85, for a total value of $551,850.60. The disclosure for this sale can be found here. Insiders sold a total of 23,702 shares of company stock valued at $1,112,058 over the last quarter. 3.35% of the stock is owned by corporate insiders.

NASDAQ MBUU traded down $0.75 on Thursday, hitting $41.63. 211,921 shares of the company’s stock were exchanged, compared to its average volume of 211,839. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.54 and a quick ratio of 0.61. Malibu Boats Inc has a 52 week low of $31.66 and a 52 week high of $59.57. The stock has a market capitalization of $883.07 million, a PE ratio of 16.52, a PEG ratio of 0.87 and a beta of 1.78.

Malibu Boats (NASDAQ:MBUU) last released its earnings results on Wednesday, February 6th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.13. Malibu Boats had a return on equity of 45.92% and a net margin of 9.44%. The firm had revenue of $165.80 million during the quarter, compared to analysts’ expectations of $149.82 million. During the same period in the prior year, the company earned $0.53 earnings per share. The company’s quarterly revenue was up 44.9% on a year-over-year basis. As a group, sell-side analysts expect that Malibu Boats Inc will post 3.4 earnings per share for the current year.

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Malibu Boats Company Profile

Malibu Boats, Inc designs, manufactures, distributes, markets, and sells recreational powerboats. The company offers performance sport boats under the Malibu and Axis brand names; and sterndrives and outboard boats under the Cobalt brand name. Its boats are used for water sports, including water skiing, wakeboarding, and wake surfing, as well as general recreational boating.

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Institutional Ownership by Quarter for Malibu Boats (NASDAQ:MBUU)

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