Charles Schwab Corp (SCHW) : Advisory Services Network scooped up 1,969 additional shares in Charles Schwab Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 10,604 shares of Charles Schwab Corp which is valued at $343,570.Charles Schwab Corp makes up approximately 0.07% of Advisory Services Network’s portfolio.
Other Hedge Funds, Including , First Mercantile Trust Co reduced its stake in SCHW by selling 28,178 shares or 15.73% in the most recent quarter. The Hedge Fund company now holds 150,993 shares of SCHW which is valued at $4,892,173. Charles Schwab Corp makes up approx 0.66% of First Mercantile Trust Co’s portfolio.North Star Asset Management Inc boosted its stake in SCHW in the latest quarter, The investment management firm added 2,530 additional shares and now holds a total of 276,326 shares of Charles Schwab Corp which is valued at $9,010,991. Charles Schwab Corp makes up approx 1.01% of North Star Asset Management Inc’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in SCHW by selling 5,847 shares or 3.5% in the most recent quarter. The Hedge Fund company now holds 161,165 shares of SCHW which is valued at $5,255,591. Charles Schwab Corp makes up approx 0.02% of Bnp Paribas Arbitrage Sa’s portfolio.West Oak Capital reduced its stake in SCHW by selling 1,380 shares or 2.93% in the most recent quarter. The Hedge Fund company now holds 45,760 shares of SCHW which is valued at $1,492,234. Charles Schwab Corp makes up approx 1.03% of West Oak Capital’s portfolio.Beacon Financial Group reduced its stake in SCHW by selling 1,352 shares or 7.82% in the most recent quarter. The Hedge Fund company now holds 15,934 shares of SCHW which is valued at $519,608. Charles Schwab Corp makes up approx 0.11% of Beacon Financial Group’s portfolio.
Charles Schwab Corp closed down -0.03 points or -0.09% at $32.4 with 75,24,548 shares getting traded on Friday. Post opening the session at $32.43, the shares hit an intraday low of $32.18 and an intraday high of $32.63 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 $0.30 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. Morgan Stanley Initiated Charles Schwab Corp on Sep 26, 2016 to “Overweight”, Price Target of the shares are set at $37.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.