Capital Advantage buys $780,236 stake in Charles Schwab Corp (SCHW)

Charles Schwab Corp (SCHW) : Capital Advantage scooped up 22,050 additional shares in Charles Schwab Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 15, 2016. The investment management firm now holds a total of 28,791 shares of Charles Schwab Corp which is valued at $780,236.Charles Schwab Corp makes up approximately 0.27% of Capital Advantage’s portfolio.

Other Hedge Funds, Including , Btr Capital Management Inc reduced its stake in SCHW by selling 135 shares or 1.29% in the most recent quarter. The Hedge Fund company now holds 10,297 shares of SCHW which is valued at $279,049. Charles Schwab Corp makes up approx 0.06% of Btr Capital Management Inc’s portfolio.Gofen Glossberg Il boosted its stake in SCHW in the latest quarter, The investment management firm added 4,400 additional shares and now holds a total of 136,249 shares of Charles Schwab Corp which is valued at $3,601,061. Charles Schwab Corp makes up approx 0.15% of Gofen Glossberg Il’s portfolio. Gw&k Investment Management sold out all of its stake in SCHW during the most recent quarter. The investment firm sold 334,863 shares of SCHW which is valued $8,850,429.Perkins Coie Trust Co boosted its stake in SCHW in the latest quarter, The investment management firm added 1,837 additional shares and now holds a total of 54,696 shares of Charles Schwab Corp which is valued at $1,407,328. Charles Schwab Corp makes up approx 0.91% of Perkins Coie Trust Co’s portfolio. Curian Capital sold out all of its stake in SCHW during the most recent quarter. The investment firm sold 16,389 shares of SCHW which is valued $421,689.

Charles Schwab Corp opened for trading at $27.6 and hit $27.61 on the upside on Monday, eventually ending the session at $27.1, with a gain of 0.26% or 0.07 points. The heightened volatility saw the trading volume jump to 95,33,723 shares. Company has a market cap of $35,818 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.

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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