Gibraltar Capital Management buys $5,251,078 stake in Charles Schwab Corp (SCHW)

Charles Schwab Corp (SCHW) : Gibraltar Capital Management scooped up 19,741 additional shares in Charles Schwab Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 19, 2016. The investment management firm now holds a total of 176,685 shares of Charles Schwab Corp which is valued at $5,251,078.Charles Schwab Corp makes up approximately 6.85% of Gibraltar Capital Management’s portfolio.

Charles Schwab Corp opened for trading at $29.26 and hit $29.95 on the upside on Friday, eventually ending the session at $29.72, with a gain of 2.03% or 0.59 points. The heightened volatility saw the trading volume jump to 76,97,202 shares. Company has a market cap of $39,246 M.

Other Hedge Funds, Including , Leavell Investment Management reduced its stake in SCHW by selling 29,000 shares or 76.67% in the most recent quarter. The Hedge Fund company now holds 8,825 shares of SCHW which is valued at $262,279. Charles Schwab Corp makes up approx 0.04% of Leavell Investment Management’s portfolio.Tnb Financial boosted its stake in SCHW in the latest quarter, The investment management firm added 5,713 additional shares and now holds a total of 101,716 shares of Charles Schwab Corp which is valued at $2,901,957. Charles Schwab Corp makes up approx 0.87% of Tnb Financial’s portfolio.Atalanta Sosnoff Capital reduced its stake in SCHW by selling 1,004,475 shares or 69.85% in the most recent quarter. The Hedge Fund company now holds 433,647 shares of SCHW which is valued at $12,371,949. Charles Schwab Corp makes up approx 0.39% of Atalanta Sosnoff Capital’s portfolio.Capstone Asset Management Co reduced its stake in SCHW by selling 3,950 shares or 3.9% in the most recent quarter. The Hedge Fund company now holds 97,245 shares of SCHW which is valued at $2,774,400. Charles Schwab Corp makes up approx 0.08% of Capstone Asset Management Co’s portfolio.Dnb Asset Management As boosted its stake in SCHW in the latest quarter, The investment management firm added 78,310 additional shares and now holds a total of 256,870 shares of Charles Schwab Corp which is valued at $7,328,501. Charles Schwab Corp makes up approx 0.15% of Dnb Asset Management As’s portfolio.

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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