Meridian Management Co buys $3,113,303 stake in Charles Schwab Corp (SCHW)

Charles Schwab Corp (SCHW) : Meridian Management Co scooped up 35,600 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 11, 2016. The investment management firm now holds a total of 104,825 shares of Charles Schwab Corp which is valued at $3,113,303.Charles Schwab Corp makes up approximately 1.82% of Meridian Management Co’s portfolio.

Other Hedge Funds, Including , Hamilton Point Investment Advisors boosted its stake in SCHW in the latest quarter, The investment management firm added 768 additional shares and now holds a total of 125,282 shares of Charles Schwab Corp which is valued at $3,720,875. Charles Schwab Corp makes up approx 2.36% of Hamilton Point Investment Advisors’s portfolio.Blackrock Institutional Trust Company N.a. boosted its stake in SCHW in the latest quarter, The investment management firm added 2,620,553 additional shares and now holds a total of 32,659,249 shares of Charles Schwab Corp which is valued at $969,979,695. Charles Schwab Corp makes up approx 0.15% of Blackrock Institutional Trust Company N.a.’s portfolio. Icon Advisers Incco sold out all of its stake in SCHW during the most recent quarter. The investment firm sold 126,300 shares of SCHW which is valued $3,778,896.Summit Asset Management boosted its stake in SCHW in the latest quarter, The investment management firm added 688 additional shares and now holds a total of 12,088 shares of Charles Schwab Corp which is valued at $361,673. Charles Schwab Corp makes up approx 0.16% of Summit Asset Management’s portfolio.Glenmede Trust Co Na boosted its stake in SCHW in the latest quarter, The investment management firm added 123,304 additional shares and now holds a total of 851,369 shares of Charles Schwab Corp which is valued at $25,481,474. Charles Schwab Corp makes up approx 0.15% of Glenmede Trust Co Na’s portfolio.

Charles Schwab Corp opened for trading at $30.42 and hit $30.53 on the upside on Tuesday, eventually ending the session at $30.42, with a gain of 0.80% or 0.24 points. The heightened volatility saw the trading volume jump to 58,20,931 shares. Company has a market cap of $40,246 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.

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.

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