Charles Schwab Corp (SCHW) : Two Sigma Securities added new position in Charles Schwab Corp during the most recent quarter end. The investment management firm now holds 56,847 shares of Charles Schwab Corp which is valued at $1,688,356 , the company said in a statement filed on Aug 15, 2016 with the SEC.Charles Schwab Corp makes up approximately 0.87% of Two Sigma Securities’s portfolio.
Other Hedge Funds, Including , Lazard Asset Management reduced its stake in SCHW by selling 232,174 shares or 2.49% in the most recent quarter. The Hedge Fund company now holds 9,105,303 shares of SCHW which is valued at $270,427,499. Charles Schwab Corp makes up approx 0.61% of Lazard Asset Management’s portfolio.Rhumbline Advisers boosted its stake in SCHW in the latest quarter, The investment management firm added 83,480 additional shares and now holds a total of 1,732,581 shares of Charles Schwab Corp which is valued at $51,457,656. Charles Schwab Corp makes up approx 0.15% of Rhumbline Advisers’s portfolio.Bryn Mawr Trust Co boosted its stake in SCHW in the latest quarter, The investment management firm added 404 additional shares and now holds a total of 39,986 shares of Charles Schwab Corp which is valued at $1,187,584. Charles Schwab Corp makes up approx 0.07% of Bryn Mawr Trust Co’s portfolio.Massmutual Trust Co Fsbadv reduced its stake in SCHW by selling 26,182 shares or 81.84% in the most recent quarter. The Hedge Fund company now holds 5,809 shares of SCHW which is valued at $172,527. Charles Schwab Corp makes up approx 0.02% of Massmutual Trust Co Fsbadv’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.
Charles Schwab Corp closed down -0.48 points or -1.53% at $30.98 with 82,78,303 shares getting traded on Thursday. Post opening the session at $31.64, the shares hit an intraday low of $30.63 and an intraday high of $31.85 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
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.
Many Wall Street Analysts have commented on Charles Schwab Corp. Company shares were Reiterated by Barclays on Aug 9, 2016 to “Overweight”, Firm has raised the Price Target to $ 34 from a previous price target of $29 .
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.