Charles Schwab Corp (SCHW) : Summit Asset Management scooped up 688 additional shares in Charles Schwab Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 12,088 shares of Charles Schwab Corp which is valued at $361,673.Charles Schwab Corp makes up approximately 0.16% of Summit Asset Management’s portfolio.
Other Hedge Funds, Including , Timber Hill reduced its stake in SCHW by selling 21,937 shares or 20.08% in the most recent quarter. The Hedge Fund company now holds 87,317 shares of SCHW which is valued at $2,613,398. Charles Schwab Corp makes up approx 0.21% of Timber Hill’s portfolio.Agf Investments reduced its stake in SCHW by selling 57,331 shares or 2.32% in the most recent quarter. The Hedge Fund company now holds 2,412,874 shares of SCHW which is valued at $68,501,493. Charles Schwab Corp makes up approx 0.75% of Agf Investments’s portfolio.California State Teachers Retirement System boosted its stake in SCHW in the latest quarter, The investment management firm added 31,265 additional shares and now holds a total of 2,485,516 shares of Charles Schwab Corp which is valued at $70,563,799. Charles Schwab Corp makes up approx 0.15% of California State Teachers Retirement System’s portfolio.
Charles Schwab Corp opened for trading at $29.86 and hit $30.27 on the upside on Monday, eventually ending the session at $30.21, with a gain of 1.72% or 0.51 points. The heightened volatility saw the trading volume jump to 57,74,858 shares. Company has a market cap of $39,968 M.
On the company’s financial health, Charles Schwab Corp reported $0.30 EPS for the quarter, based on the information available during the earnings call on Jul 18, 2016. Analyst had a consensus estimate of $0.30. The company had revenue of $1828.00 million for the quarter, compared to analysts expectations of $1796.25 million. The company’s revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS.
Many Wall Street Analysts have commented on Charles Schwab Corp. Company shares were Reiterated by Barclays on Aug 9, 2016 to “Overweight”, Firm has raised the Price Target to $ 34 from a previous price target of $29 .
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.