Gemmer Asset Management Lowers stake in Charles Schwab Corp (SCHW)

Charles Schwab Corp (SCHW) : Gemmer Asset Management reduced its stake in Charles Schwab Corp by 0.12% during the most recent quarter end. The investment management company now holds a total of 43,340 shares of Charles Schwab Corp which is valued at $1,236,490 after selling 54 shares in Charles Schwab Corp , the firm said in a disclosure report filed with the SEC on Apr 15, 2016.Charles Schwab Corp makes up approximately 0.71% of Gemmer Asset Management’s portfolio.

Charles Schwab Corp opened for trading at $29.15 and hit $29.46 on the upside on Wednesday, eventually ending the session at $29.13, with a gain of 0.14% or 0.04 points. The heightened volatility saw the trading volume jump to 73,11,534 shares. Company has a market cap of $38,467 M.

Other Hedge Funds, Including , Horizon Kinetics boosted its stake in SCHW in the latest quarter, The investment management firm added 505 additional shares and now holds a total of 18,799 shares of Charles Schwab Corp which is valued at $536,335. Charles Schwab Corp makes up approx 0.01% of Horizon Kinetics’s portfolio.Bremer Trust National Association boosted its stake in SCHW in the latest quarter, The investment management firm added 1,048 additional shares and now holds a total of 31,224 shares of Charles Schwab Corp which is valued at $890,821. Charles Schwab Corp makes up approx 0.25% of Bremer Trust National Association’s portfolio.Osborne Partners Capital Management reduced its stake in SCHW by selling 725 shares or 5.13% in the most recent quarter. The Hedge Fund company now holds 13,394 shares of SCHW which is valued at $382,131. Charles Schwab Corp makes up approx 0.06% of Osborne Partners Capital Management’s portfolio. Central Bank Trust Co sold out all of its stake in SCHW during the most recent quarter. The investment firm sold 281 shares of SCHW which is valued $8,017.

On the company’s financial health, Charles Schwab Corp reported $0.29 EPS for the quarter, based on the information available during the earnings call on Apr 15, 2016. Analyst had a consensus estimate of $0.29. The company had revenue of $1764.00 million for the quarter, compared to analysts expectations of $1754.29 million. The company’s revenue was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 EPS.

Many Wall Street Analysts have commented on Charles Schwab Corp. Company shares were Reiterated by UBS on Mar 15, 2016 to “Buy”, Firm has raised the Price Target to $ 31 from a previous price target of $29 .Charles Schwab Corp was Upgraded by Credit Agricole to ” Outperform” on Feb 16, 2016. Shares were Reiterated by Piper Jaffray on Feb 10, 2016 to “Neutral” and Lowered the Price Target to $ 32 from a previous price target of $38 .

The Charles Schwab Corporation (CSC) is a savings and loan holding company. Through its subsidiaries the Company engages in wealth management securities brokerage banking money management and financial advisory services. The Company provides financial services to individuals and institutional clients through two segments: Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services to individual investors retirement plan services and corporate brokerage services. The Advisor Services segment provides custodial trading and support services to independent investment advisors (IAs) and retirement business services to independent retirement plan advisors and record keepers. The Company offers a range of products to address individuals’ varying investment and financial needs. Its product offerings include brokerage mutual funds exchange-traded funds (ETFs) advice solutions banking and trust.

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