Aberdeen Asset Management Plcuk Lowers stake in Charles Schwab Corp (SCHW)

Charles Schwab Corp (SCHW) : Aberdeen Asset Management Plcuk reduced its stake in Charles Schwab Corp by 0.49% during the most recent quarter end. The investment management company now holds a total of 2,006,984 shares of Charles Schwab Corp which is valued at $56,978,276 after selling 9,895 shares in Charles Schwab Corp , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Charles Schwab Corp makes up approximately 0.21% of Aberdeen Asset Management Plcuk’s portfolio.

Other Hedge Funds, Including , Fort Pitt Capital Group reduced its stake in SCHW by selling 1,685 shares or 0.57% in the most recent quarter. The Hedge Fund company now holds 293,412 shares of SCHW which is valued at $8,329,967. Charles Schwab Corp makes up approx 0.99% of Fort Pitt Capital Group’s portfolio.Quadrant Capital Group boosted its stake in SCHW in the latest quarter, The investment management firm added 295 additional shares and now holds a total of 3,354 shares of Charles Schwab Corp which is valued at $95,321. Charles Schwab Corp makes up approx 0.06% of Quadrant Capital Group’s portfolio. Rs Investment Management Co sold out all of its stake in SCHW during the most recent quarter. The investment firm sold 148,840 shares of SCHW which is valued $4,273,196.Benjamin F. Edwards Company reduced its stake in SCHW by selling 440 shares or 50.81% in the most recent quarter. The Hedge Fund company now holds 426 shares of SCHW which is valued at $11,259.

Charles Schwab Corp opened for trading at $28.32 and hit $28.51 on the upside on Thursday, eventually ending the session at $28.49, with a gain of 0.35% or 0.1 points. The heightened volatility saw the trading volume jump to 47,72,815 shares. Company has a market cap of $37,655 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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