Ubs Oconnor buys $134.5 Million stake in Charles Schwab Corp (SCHW)

Charles Schwab Corp (SCHW) : Ubs Oconnor scooped up 426,786 additional shares in Charles Schwab Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 4,887,228 shares of Charles Schwab Corp which is valued at $134.5 Million.Charles Schwab Corp makes up approximately 3.34% of Ubs Oconnor’s portfolio.

Other Hedge Funds, Including , Allianz Asset Management Ag boosted its stake in SCHW in the latest quarter, The investment management firm added 59,630 additional shares and now holds a total of 125,533 shares of Charles Schwab Corp which is valued at $3.5 Million.Advantus Capital Management Inc boosted its stake in SCHW in the latest quarter, The investment management firm added 1,434 additional shares and now holds a total of 117,823 shares of Charles Schwab Corp which is valued at $3.2 Million. Charles Schwab Corp makes up approx 0.10% of Advantus Capital Management Inc’s portfolio.State Of Wisconsin Investment Board reduced its stake in SCHW by selling 33,950 shares or 3.54% in the most recent quarter. The Hedge Fund company now holds 925,183 shares of SCHW which is valued at $25.3 Million. Charles Schwab Corp makes up approx 0.10% of State Of Wisconsin Investment Board’s portfolio.Tocqueville Asset Management reduced its stake in SCHW by selling 75,875 shares or 39.89% in the most recent quarter. The Hedge Fund company now holds 114,315 shares of SCHW which is valued at $3.2 Million. Charles Schwab Corp makes up approx 0.04% of Tocqueville Asset Management’s portfolio.

Charles Schwab Corp opened for trading at $30.39 and hit $30.9 on the upside on Wednesday, eventually ending the session at $30.64, with a gain of 1.39% or 0.42 points. The heightened volatility saw the trading volume jump to 77,09,726 shares. Company has a market cap of $40,497 M.

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.

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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