Rail-splitter Capital Management Lowers stake in Charles Schwab Corp (SCHW)

Charles Schwab Corp (SCHW) : Rail-splitter Capital Management reduced its stake in Charles Schwab Corp by 17.94% during the most recent quarter end. The investment management company now holds a total of 294,190 shares of Charles Schwab Corp which is valued at $8,352,054 after selling 64,330 shares in Charles Schwab Corp , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Charles Schwab Corp makes up approximately 1.94% of Rail-splitter Capital Management’s portfolio.

Other Hedge Funds, Including , Hanlon Investment Management added SCHW to its portfolio by purchasing 152,198 company shares during the most recent quarter which is valued at $4,320,901. Charles Schwab Corp makes up approx 0.37% of Hanlon Investment Management’s portfolio.Shell Asset Management Co boosted its stake in SCHW in the latest quarter, The investment management firm added 27,568 additional shares and now holds a total of 150,924 shares of Charles Schwab Corp which is valued at $4,333,028. Charles Schwab Corp makes up approx 0.10% of Shell Asset Management Co’s portfolio.Joel Isaacson boosted its stake in SCHW in the latest quarter, The investment management firm added 870 additional shares and now holds a total of 3,870 shares of Charles Schwab Corp which is valued at $109,057. Charles Schwab Corp makes up approx 0.02% of Joel Isaacson’s portfolio.Chesley Taft Associates reduced its stake in SCHW by selling 735 shares or 1.92% in the most recent quarter. The Hedge Fund company now holds 37,635 shares of SCHW which is valued at $1,060,554. Charles Schwab Corp makes up approx 0.11% of Chesley Taft Associates’s portfolio.Community Bank N.a. reduced its stake in SCHW by selling 177 shares or 54.13% in the most recent quarter. The Hedge Fund company now holds 150 shares of SCHW which is valued at $4,065.

Charles Schwab Corp opened for trading at $30 and hit $30.2 on the upside on Monday, eventually ending the session at $30.06, with a gain of 0.43% or 0.13 points. The heightened volatility saw the trading volume jump to 92,75,861 shares. Company has a market cap of $39,730 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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