Charles Schwab Corp (SCHW) : Parnassus Investments Ca scooped up 1,347,804 additional shares in Charles Schwab Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 20,483,956 shares of Charles Schwab Corp which is valued at $615,747,717.Charles Schwab Corp makes up approximately 3.61% of Parnassus Investments Ca’s portfolio.
Other Hedge Funds, Including , Penserra Capital Management boosted its stake in SCHW in the latest quarter, The investment management firm added 113 additional shares and now holds a total of 340 shares of Charles Schwab Corp which is valued at $10,173.Feltz Wealth Plan reduced its stake in SCHW by selling 7,674 shares or 32.29% in the most recent quarter. The Hedge Fund company now holds 16,095 shares of SCHW which is valued at $481,562. Charles Schwab Corp makes up approx 0.03% of Feltz Wealth Plan’s portfolio.Smith Asset Management Group Lp reduced its stake in SCHW by selling 20 shares or 6.45% in the most recent quarter. The Hedge Fund company now holds 290 shares of SCHW which is valued at $8,326.Jnba Financial Advisors boosted its stake in SCHW in the latest quarter, The investment management firm added 50,625 additional shares and now holds a total of 50,737 shares of Charles Schwab Corp which is valued at $1,429,769. Charles Schwab Corp makes up approx 0.39% of Jnba Financial Advisors’s portfolio.Jacobs Coca boosted its stake in SCHW in the latest quarter, The investment management firm added 14,429 additional shares and now holds a total of 104,759 shares of Charles Schwab Corp which is valued at $2,768,780. Charles Schwab Corp makes up approx 0.63% of Jacobs Coca’s portfolio.
Charles Schwab Corp closed down -0.03 points or -0.10% at $30.11 with 69,33,626 shares getting traded on Wednesday. Post opening the session at $30.08, the shares hit an intraday low of $29.99 and an intraday high of $30.26 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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.