Outfitter Advisors LTD Decreased Its Holding in Cheesecake Ftry (CAKE) by $986,640; As Schwab Charles New (SCHW) Stock Price Declined, Greenwich Wealth Management Has Decreased Its Position by $27.19 Million

May 18, 2018 - By Peter Erickson

The Cheesecake Factory Incorporated (NASDAQ:CAKE) Logo

Greenwich Wealth Management Llc decreased its stake in Schwab Charles Corp New (SCHW) by 79.13% based on its latest 2017Q4 regulatory filing with the SEC. Greenwich Wealth Management Llc sold 533,184 shares as the company’s stock declined 1.06% with the market. The institutional investor held 140,583 shares of the investment bankers and brokers and service company at the end of 2017Q4, valued at $7.22M, down from 673,767 at the end of the previous reported quarter. Greenwich Wealth Management Llc who had been investing in Schwab Charles Corp New for a number of months, seems to be less bullish one the $79.85B market cap company. The stock decreased 0.23% or $0.1381 during the last trading session, reaching $59.1819. About 1.76M shares traded. The Charles Schwab Corporation (NYSE:SCHW) has risen 30.72% since May 18, 2017 and is uptrending. It has outperformed by 19.17% the S&P500.

Outfitter Advisors Ltd decreased its stake in Cheesecake Ftry (CAKE) by 37.05% based on its latest 2017Q4 regulatory filing with the SEC. Outfitter Advisors Ltd sold 20,555 shares as the company’s stock declined 2.31% with the market. The institutional investor held 34,930 shares of the restaurants company at the end of 2017Q4, valued at $1.68 million, down from 55,485 at the end of the previous reported quarter. Outfitter Advisors Ltd who had been investing in Cheesecake Ftry for a number of months, seems to be less bullish one the $2.21B market cap company. The stock decreased 4.18% or $2.19 during the last trading session, reaching $50.14. About 757,443 shares traded. The Cheesecake Factory Incorporated (NASDAQ:CAKE) has declined 20.73% since May 18, 2017 and is downtrending. It has underperformed by 32.28% the S&P500.

Analysts await The Charles Schwab Corporation (NYSE:SCHW) to report earnings on July, 17. They expect $0.58 EPS, up 48.72% or $0.19 from last year’s $0.39 per share. SCHW’s profit will be $782.53 million for 25.51 P/E if the $0.58 EPS becomes a reality. After $0.55 actual EPS reported by The Charles Schwab Corporation for the previous quarter, Wall Street now forecasts 5.45% EPS growth.

Investors sentiment increased to 1.15 in 2017 Q4. Its up 0.12, from 1.03 in 2017Q3. It improved, 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. Tiverton Asset Ltd Limited Liability Company owns 13,957 shares. The United Kingdom-based Legal And General Gru Public Llc has invested 0.21% in The Charles Schwab Corporation (NYSE:SCHW). First Personal Service stated it has 0.01% in The Charles Schwab Corporation (NYSE:SCHW). Moreover, Principal Gru has 0.15% invested in The Charles Schwab Corporation (NYSE:SCHW) for 3.17 million shares. Aristotle Capital Mngmt Ltd Liability Com holds 203,000 shares. Delta Asset Mgmt Limited Liability Tn has 549 shares. Earnest Partners Lc reported 558 shares. 5,520 are held by Ferguson Wellman Inc. Highland Capital Limited Liability Company, a Tennessee-based fund reported 27,719 shares. Accuvest Glob Advsr owns 110 shares for 0% of their portfolio. Allsquare Wealth Management Limited Liability Company has invested 0.01% in The Charles Schwab Corporation (NYSE:SCHW). Schwartz Inv Counsel Incorporated stated it has 0.3% in The Charles Schwab Corporation (NYSE:SCHW). Stock Yards Bancorp & Tru holds 1.77% in The Charles Schwab Corporation (NYSE:SCHW) or 313,783 shares. Ubs Oconnor Ltd Liability Co has 0.1% invested in The Charles Schwab Corporation (NYSE:SCHW). Westpac Banking accumulated 0.44% or 373,692 shares.

Among 24 analysts covering Charles Schwab (NYSE:SCHW), 15 have Buy rating, 1 Sell and 8 Hold. Therefore 63% are positive. Charles Schwab had 103 analyst reports since August 11, 2015 according to SRatingsIntel. The stock has “Overweight” rating by Morgan Stanley on Tuesday, April 10. As per Monday, April 4, the company rating was maintained by Nomura. Instinet downgraded the stock to “Neutral” rating in Monday, July 24 report. On Thursday, April 7 the stock rating was maintained by Jefferies with “Buy”. The firm has “Overweight” rating by JP Morgan given on Thursday, April 14. Deutsche Bank maintained the stock with “Hold” rating in Tuesday, April 17 report. On Tuesday, July 11 the stock rating was downgraded by Deutsche Bank to “Hold”. The firm has “Overweight” rating by Morgan Stanley given on Tuesday, July 25. The stock of The Charles Schwab Corporation (NYSE:SCHW) earned “Buy” rating by Sandler O’Neill on Wednesday, January 17. The stock has “Outperform” rating by Keefe Bruyette & Woods on Thursday, December 8.

Since January 18, 2018, it had 0 insider purchases, and 32 insider sales for $202.45 million activity. $25.49M worth of The Charles Schwab Corporation (NYSE:SCHW) was sold by SCHWAB CHARLES R. Murtagh Nigel J also sold $799,235 worth of The Charles Schwab Corporation (NYSE:SCHW) shares. 9,156 shares valued at $494,424 were sold by Kallsen Terri R on Wednesday, March 7. On Tuesday, February 27 Clark Bernard J. sold $1.65 million worth of The Charles Schwab Corporation (NYSE:SCHW) or 30,020 shares. $15.38M worth of The Charles Schwab Corporation (NYSE:SCHW) shares were sold by MARTINETTO JOSEPH R. MCLIN STEPHEN T sold $1.01 million worth of The Charles Schwab Corporation (NYSE:SCHW) on Friday, January 26.

More notable recent The Charles Schwab Corporation (NYSE:SCHW) news were published by: Bizjournals.com which released: “Charles Schwab opens up about how his struggles with dyslexia shaped him as a CEO (Video)” on May 08, 2018, also Streetinsider.com with their article: “Charles Schwab (SCHW) Reports April Activity Highlights” published on May 14, 2018, Bizjournals.com published: “Charles Schwab picks San Francisco for digital accelerator” on May 03, 2018. More interesting news about The Charles Schwab Corporation (NYSE:SCHW) were released by: Bizjournals.com and their article: “Chuck Schwab on tax reform’s Bay Area impact: ‘A lot of companies will be moving their people out of here'” published on May 16, 2018 as well as Seekingalpha.com‘s news article titled: “Tracking Lou Simpson’s SQ Advisors Portfolio – Q1 2018 Update” with publication date: May 18, 2018.

Outfitter Advisors Ltd, which manages about $458.78 million and $297.70 million US Long portfolio, upped its stake in Box Inc by 16,600 shares to 57,950 shares, valued at $1.22 million in 2017Q4, according to the filing. It also increased its holding in Exxon Mobil Corp (NYSE:XOM) by 9,906 shares in the quarter, for a total of 62,712 shares, and has risen its stake in United Tchnlgs (NYSE:UTX).

Analysts await The Cheesecake Factory Incorporated (NASDAQ:CAKE) to report earnings on August, 1. They expect $0.81 EPS, up 3.85% or $0.03 from last year’s $0.78 per share. CAKE’s profit will be $35.65 million for 15.48 P/E if the $0.81 EPS becomes a reality. After $0.56 actual EPS reported by The Cheesecake Factory Incorporated for the previous quarter, Wall Street now forecasts 44.64% EPS growth.

Investors sentiment decreased to 0.89 in 2017 Q4. Its down 0.09, from 0.98 in 2017Q3. It fall, as 41 investors sold CAKE shares while 90 reduced holdings. 53 funds opened positions while 64 raised stakes. 47.98 million shares or 7.28% more from 44.72 million shares in 2017Q3 were reported. Raymond James & Assocs invested 0.01% of its portfolio in The Cheesecake Factory Incorporated (NASDAQ:CAKE). 633,022 are held by Schroder Mngmt Group. Profund Advsrs Limited Com reported 6,589 shares. Ls Advsrs Limited Liability Corporation has invested 0.01% in The Cheesecake Factory Incorporated (NASDAQ:CAKE). The Pennsylvania-based Glenmede Trust Na has invested 0% in The Cheesecake Factory Incorporated (NASDAQ:CAKE). The Michigan-based Usa Fincl Portformulas has invested 0.1% in The Cheesecake Factory Incorporated (NASDAQ:CAKE). Hsbc Public Llc has 14,913 shares. West Oak Capital Lc reported 375 shares. Cs Mckee Limited Partnership stated it has 27,000 shares or 0.1% of all its holdings. Ny State Common Retirement Fund invested in 65,500 shares or 0% of the stock. Heartland holds 0.59% of its portfolio in The Cheesecake Factory Incorporated (NASDAQ:CAKE) for 190,307 shares. 105 were accumulated by Willingdon Wealth Mngmt. Ftb Advsrs Incorporated has invested 0% in The Cheesecake Factory Incorporated (NASDAQ:CAKE). Barclays Public Limited Com accumulated 21,041 shares. First Republic Invest Mgmt holds 0.01% or 20,720 shares in its portfolio.

The Charles Schwab Corporation (NYSE:SCHW) Institutional Positions Chart

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By1 Peter Erickson

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