Parnassus Investments Ca buys $526,818,265 stake in Charles Schwab Corp (SCHW)

Charles Schwab Corp (SCHW) : Parnassus Investments Ca scooped up 6,277,478 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 9, 2016. The investment management firm now holds a total of 19,136,152 shares of Charles Schwab Corp which is valued at $526,818,265.Charles Schwab Corp makes up approximately 3.47% of Parnassus Investments Ca’s portfolio.

Other Hedge Funds, Including , Ibm Retirement Fund reduced its stake in SCHW by selling 129,683 shares or 46.48% in the most recent quarter. The Hedge Fund company now holds 149,330 shares of SCHW which is valued at $4,111,055. Charles Schwab Corp makes up approx 0.16% of Ibm Retirement Fund’s portfolio.Schwab Charles Investment Management Inc boosted its stake in SCHW in the latest quarter, The investment management firm added 89,982 additional shares and now holds a total of 3,166,305 shares of Charles Schwab Corp which is valued at $86,471,790. Charles Schwab Corp makes up approx 0.11% of Schwab Charles Investment Management Inc’s portfolio. Cibc World Markets sold out all of its stake in SCHW during the most recent quarter. The investment firm sold 57,482 shares of SCHW which is valued $1,569,833.Alexandria Capital boosted its stake in SCHW in the latest quarter, The investment management firm added 189,034 additional shares and now holds a total of 324,974 shares of Charles Schwab Corp which is valued at $9,232,511. Charles Schwab Corp makes up approx 1.66% of Alexandria Capital’s portfolio.

Charles Schwab Corp closed down -0.41 points or -1.47% at $27.53 with 66,14,094 shares getting traded on Friday. Post opening the session at $27.86, the shares hit an intraday low of $27.43 and an intraday high of $28.36 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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