Charles Schwab Corp (SCHW) : Pacific Heights Asset Management reduced its stake in Charles Schwab Corp by 1.9% during the most recent quarter end. The investment management company now holds a total of 515,000 shares of Charles Schwab Corp which is valued at $14.2 Million after selling 10,000 shares in Charles Schwab Corp , the firm said in a disclosure report filed with the SEC on May 11, 2016.Charles Schwab Corp makes up approximately 1.35% of Pacific Heights Asset Management’s portfolio.
Other Hedge Funds, Including , Shinko Asset Management Ltd. reduced its stake in SCHW by selling 221 shares or 6.65% in the most recent quarter. The Hedge Fund company now holds 3,100 shares of SCHW which is valued at $85,343.Blackrock Investment Management boosted its stake in SCHW in the latest quarter, The investment management firm added 16,640 additional shares and now holds a total of 2,592,021 shares of Charles Schwab Corp which is valued at $71.4 Million. Charles Schwab Corp makes up approx 0.09% of Blackrock Investment Management’s portfolio.Stephens Inc Ar boosted its stake in SCHW in the latest quarter, The investment management firm added 56,909 additional shares and now holds a total of 66,683 shares of Charles Schwab Corp which is valued at $1.8 Million. Charles Schwab Corp makes up approx 0.09% of Stephens Inc Ar’s portfolio.Addenda Capital boosted its stake in SCHW in the latest quarter, The investment management firm added 35,964 additional shares and now holds a total of 105,236 shares of Charles Schwab Corp which is valued at $2.9 Million. Charles Schwab Corp makes up approx 0.25% of Addenda Capital’s portfolio. Meridian Management Co added SCHW to its portfolio by purchasing 69,225 company shares during the most recent quarter which is valued at $1.9 Million. Charles Schwab Corp makes up approx 1.16% of Meridian Management Co’s portfolio.
Charles Schwab Corp opened for trading at $27.53 and hit $27.9 on the upside on Monday, eventually ending the session at $27.69, with a gain of 0.58% or 0.16 points. The heightened volatility saw the trading volume jump to 61,88,669 shares. Company has a market cap of $36,598 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.