Charles Schwab Corp (SCHW) : Greenwich Wealth Management scooped up 52,000 additional shares in Charles Schwab Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 538,766 shares of Charles Schwab Corp which is valued at $19,805,038.Charles Schwab Corp makes up approximately 3.43% of Greenwich Wealth Management’s portfolio.
Other Hedge Funds, Including , Fortaleza Asset Management Inc reduced its stake in SCHW by selling 30,795 shares or 50.01% in the most recent quarter. The Hedge Fund company now holds 30,785 shares of SCHW which is valued at $1,131,657. Charles Schwab Corp makes up approx 1.62% of Fortaleza Asset Management Inc’s portfolio. Grantham Mayo Van Otterloo sold out all of its stake in SCHW during the most recent quarter. The investment firm sold 67,447 shares of SCHW which is valued $2,378,181.Blackrock Advisors boosted its stake in SCHW in the latest quarter, The investment management firm added 597,608 additional shares and now holds a total of 2,626,552 shares of Charles Schwab Corp which is valued at $84,863,895. Charles Schwab Corp makes up approx 0.09% of Blackrock Advisors’s portfolio. Ftb Advisors added SCHW to its portfolio by purchasing 827 company shares during the most recent quarter which is valued at $26,216.Mesirow Financial Investment Management – Equity Management boosted its stake in SCHW in the latest quarter, The investment management firm added 10 additional shares and now holds a total of 16,975 shares of Charles Schwab Corp which is valued at $538,108. Charles Schwab Corp makes up approx 0.03% of Mesirow Financial Investment Management – Equity Management’s portfolio.
Charles Schwab Corp opened for trading at $37.16 and hit $37.8 on the upside on Monday, eventually ending the session at $37.48, with a gain of 1.19% or 0.44 points. The heightened volatility saw the trading volume jump to 1,04,46,735 shares. Company has a market cap of $49,686 M.
On the company’s financial health, Charles Schwab Corp reported $0.34 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Oct 17, 2016. Analyst had a consensus of $0.33. The company had revenue of $1914.00 million for the quarter, compared to analysts expectations of $1887.02 million. The company’s revenue was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 EPS.
Many Wall Street Analysts have commented on Charles Schwab Corp. SunTrust Upgraded Charles Schwab Corp on Oct 18, 2016 to ” Buy”, Price Target of the shares are set at $33.Charles Schwab Corp was Upgraded by BofA/Merrill to ” Buy” on Oct 13, 2016. Morgan Stanley Initiated Charles Schwab Corp on Sep 26, 2016 to “Overweight”, Price Target of the shares are set at $37.
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.