As Simon Ppty Group New (SPG) Valuation Declined, Holder Teacher Retirement System Of Texas Has Trimmed Its Position by $12.85 Million; Pittenger & Anderson Trimmed Holding in Schwab Charles New (SCHW) by $641,580 as Share Value Declined

April 17, 2018 - By Winifred Garcia

The Charles Schwab Corporation (NYSE:SCHW) Logo

Pittenger & Anderson Inc decreased its stake in Schwab Charles Corp New (SCHW) by 7.1% based on its latest 2017Q4 regulatory filing with the SEC. Pittenger & Anderson Inc sold 12,580 shares as the company’s stock declined 1.06% with the market. The institutional investor held 164,631 shares of the investment bankers and brokers and service company at the end of 2017Q4, valued at $8.46M, down from 177,211 at the end of the previous reported quarter. Pittenger & Anderson Inc who had been investing in Schwab Charles Corp New for a number of months, seems to be less bullish one the $71.56 billion market cap company. The stock increased 4.00% or $2.04 during the last trading session, reaching $53.08. About 8.97 million shares traded or 21.25% up from the average. The Charles Schwab Corporation (NYSE:SCHW) has risen 30.72% since April 17, 2017 and is uptrending. It has outperformed by 19.17% the S&P500.

Teacher Retirement System Of Texas decreased its stake in Simon Ppty Group Inc New (SPG) by 31.01% based on its latest 2017Q4 regulatory filing with the SEC. Teacher Retirement System Of Texas sold 75,167 shares as the company’s stock declined 9.94% with the market. The institutional investor held 167,209 shares of the consumer services company at the end of 2017Q4, valued at $28.72 million, down from 242,376 at the end of the previous reported quarter. Teacher Retirement System Of Texas who had been investing in Simon Ppty Group Inc New for a number of months, seems to be less bullish one the $54.36 billion market cap company. The stock increased 0.36% or $0.55 during the last trading session, reaching $152.28. About 1.36M shares traded. Simon Property Group, Inc. (NYSE:SPG) has declined 9.44% since April 17, 2017 and is downtrending. It has underperformed by 20.99% the S&P500.

Teacher Retirement System Of Texas, which manages about $15.05B US Long portfolio, upped its stake in Kimco Rlty Corp (NYSE:KIM) by 109,700 shares to 490,232 shares, valued at $8.90M in 2017Q4, according to the filing. It also increased its holding in Agios Pharmaceuticals Inc (NASDAQ:AGIO) by 10,657 shares in the quarter, for a total of 14,027 shares, and has risen its stake in Edgewell Pers Care Co.

Analysts await Simon Property Group, Inc. (NYSE:SPG) to report earnings on April, 27 before the open. They expect $2.83 earnings per share, up 3.28% or $0.09 from last year’s $2.74 per share. SPG’s profit will be $1.01 billion for 13.45 P/E if the $2.83 EPS becomes a reality. After $3.12 actual earnings per share reported by Simon Property Group, Inc. for the previous quarter, Wall Street now forecasts -9.29% negative EPS growth.

Investors sentiment increased to 0.99 in 2017 Q4. Its up 0.01, from 0.98 in 2017Q3. It is positive, as 50 investors sold SPG shares while 204 reduced holdings. 74 funds opened positions while 178 raised stakes. 293.74 million shares or 1.11% less from 297.03 million shares in 2017Q3 were reported. Bartlett And Ltd Limited Liability Company stated it has 307 shares. Hudock Capital Ltd Limited Liability Company owns 0.01% invested in Simon Property Group, Inc. (NYSE:SPG) for 118 shares. Glenmede Na invested in 0.1% or 138,859 shares. New Mexico Educational Retirement Board holds 0.19% or 29,845 shares in its portfolio. Artisan Prns Lp has 261,860 shares for 0.09% of their portfolio. First Personal Financial Serv reported 673 shares. Dimensional Fund Advisors LP holds 4.39 million shares or 0.31% of its portfolio. Parkside Savings Bank Trust holds 0.01% or 169 shares in its portfolio. Dean Assocs Limited Liability Company holds 0.33% or 12,533 shares in its portfolio. Nomura Hldgs has 0.01% invested in Simon Property Group, Inc. (NYSE:SPG). Enterprise Financial Ser accumulated 184 shares. Fmr has invested 0.13% in Simon Property Group, Inc. (NYSE:SPG). State Of New Jersey Common Pension Fund D holds 478,405 shares. Raymond James Tru Na reported 6,273 shares stake. Tokio Marine Asset Mngmt Limited reported 3,516 shares.

Among 21 analysts covering Simon Property Group (NYSE:SPG), 14 have Buy rating, 0 Sell and 7 Hold. Therefore 67% are positive. Simon Property Group had 68 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Simon Property Group, Inc. (NYSE:SPG) has “Hold” rating given on Friday, January 20 by Suntrust Robinson. As per Wednesday, January 31, the company rating was maintained by RBC Capital Markets. Barclays Capital maintained Simon Property Group, Inc. (NYSE:SPG) rating on Tuesday, August 8. Barclays Capital has “Overweight” rating and $190 target. As per Monday, September 11, the company rating was initiated by BMO Capital Markets. Deutsche Bank maintained the stock with “Buy” rating in Wednesday, August 17 report. The stock has “Buy” rating by Jefferies on Monday, July 17. The firm has “Buy” rating by Jefferies given on Friday, June 16. The stock of Simon Property Group, Inc. (NYSE:SPG) has “Buy” rating given on Monday, March 21 by Stifel Nicolaus. As per Monday, January 9, the company rating was downgraded by Deutsche Bank. Mizuho maintained the shares of SPG in report on Sunday, October 29 with “Buy” rating.

Pittenger & Anderson Inc, which manages about $1.04 billion and $1.14 billion US Long portfolio, upped its stake in Boeing Co (NYSE:BA) by 3,690 shares to 11,670 shares, valued at $3.44 million in 2017Q4, according to the filing. It also increased its holding in Vanguard Index Fds (VB) by 8,023 shares in the quarter, for a total of 101,080 shares, and has risen its stake in Exxon Mobil Corp (NYSE:XOM).

Since October 24, 2017, it had 0 buys, and 21 selling transactions for $95.56 million activity. On Wednesday, March 7 Craig Jonathan M. sold $436,940 worth of The Charles Schwab Corporation (NYSE:SCHW) or 8,046 shares. Clark Bernard J. also sold $1.65M worth of The Charles Schwab Corporation (NYSE:SCHW) on Tuesday, February 27. 394,935 shares valued at $17.69M were sold by SCHWAB CHARLES R on Wednesday, October 25. Kallsen Terri R had sold 9,156 shares worth $494,424. SNEED PAULA A sold 12,040 shares worth $661,156. 7,000 The Charles Schwab Corporation (NYSE:SCHW) shares with value of $319,150 were sold by Chandoha Marie A.

Among 24 analysts covering Charles Schwab (NYSE:SCHW), 15 have Buy rating, 1 Sell and 8 Hold. Therefore 63% are positive. Charles Schwab had 97 analyst reports since August 11, 2015 according to SRatingsIntel. The stock of The Charles Schwab Corporation (NYSE:SCHW) has “Buy” rating given on Monday, July 10 by Jefferies. The stock has “Buy” rating by Deutsche Bank on Thursday, June 16. Jefferies maintained the shares of SCHW in report on Tuesday, May 30 with “Buy” rating. Deutsche Bank maintained The Charles Schwab Corporation (NYSE:SCHW) rating on Friday, October 16. Deutsche Bank has “Buy” rating and $35 target. The firm has “Buy” rating given on Monday, August 14 by Keefe Bruyette & Woods. SunTrust maintained the shares of SCHW in report on Tuesday, December 26 with “Buy” rating. As per Wednesday, February 7, the company rating was downgraded by Citigroup. The rating was downgraded by Piper Jaffray on Friday, December 18 to “Neutral”. Barclays Capital maintained The Charles Schwab Corporation (NYSE:SCHW) rating on Tuesday, August 9. Barclays Capital has “Overweight” rating and $34 target. The rating was upgraded by JP Morgan on Tuesday, September 8 to “Overweight”.

Investors sentiment increased to 1.15 in 2017 Q4. Its up 0.12, from 1.03 in 2017Q3. It increased, as 48 investors sold SCHW shares while 292 reduced holdings. 106 funds opened positions while 285 raised stakes. 1.05 billion shares or 0.91% more from 1.04 billion shares in 2017Q3 were reported. Jag Cap Mngmt Ltd Liability stated it has 1.21% of its portfolio in The Charles Schwab Corporation (NYSE:SCHW). 56,505 were accumulated by Mirae Asset Invests Ltd. Calamos Advsr Ltd Liability holds 0.05% of its portfolio in The Charles Schwab Corporation (NYSE:SCHW) for 184,103 shares. Virtus Advisers accumulated 474,981 shares. Nbt Bankshares N A New York holds 4,575 shares. Employees Retirement System Of Texas has 0.24% invested in The Charles Schwab Corporation (NYSE:SCHW) for 370,400 shares. Comml Bank invested 0.2% of its portfolio in The Charles Schwab Corporation (NYSE:SCHW). Ashfield Capital Prtn Lc reported 98,994 shares. Winslow Evans Crocker reported 0.01% in The Charles Schwab Corporation (NYSE:SCHW). Marsico Capital Limited Liability, Colorado-based fund reported 233,207 shares. Badgley Phelps Bell Inc owns 205,188 shares or 0.72% of their US portfolio. Stevens First Principles Advisors has invested 0% of its portfolio in The Charles Schwab Corporation (NYSE:SCHW). Atlanta Capital Management L L C has invested 0.17% in The Charles Schwab Corporation (NYSE:SCHW). Wellington Mngmt Ltd Liability Partnership holds 0% or 411,155 shares. Route One Company LP holds 4.25% of its portfolio in The Charles Schwab Corporation (NYSE:SCHW) for 3.90M shares.

Simon Property Group, Inc. (NYSE:SPG) Institutional Positions Chart

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