Charles Schwab Corp (SCHW) : Baker Avenue Asset Management Lp added new position in Charles Schwab Corp during the most recent quarter end. The investment management firm now holds 256,242 shares of Charles Schwab Corp which is valued at $9,245,211 , the company said in a statement filed on Nov 14, 2016 with the SEC.Charles Schwab Corp makes up approximately 1.34% of Baker Avenue Asset Management Lp’s portfolio.
Other Hedge Funds, Including , Fmr reduced its stake in SCHW by selling 516,284 shares or 2.21% in the most recent quarter. The Hedge Fund company now holds 22,806,415 shares of SCHW which is valued at $838,363,815. Charles Schwab Corp makes up approx 0.11% of Fmr’s portfolio.Eulav Asset Management reduced its stake in SCHW by selling 44,000 shares or 16.99% in the most recent quarter. The Hedge Fund company now holds 215,000 shares of SCHW which is valued at $7,580,900. Charles Schwab Corp makes up approx 0.41% of Eulav Asset Management’s portfolio.Aspiriant reduced its stake in SCHW by selling 27,537 shares or 26.57% in the most recent quarter. The Hedge Fund company now holds 76,120 shares of SCHW which is valued at $2,683,991. Charles Schwab Corp makes up approx 0.25% of Aspiriant’s portfolio.American Research Management boosted its stake in SCHW in the latest quarter, The investment management firm added 1,750 additional shares and now holds a total of 140,095 shares of Charles Schwab Corp which is valued at $4,558,691. Charles Schwab Corp makes up approx 1.70% of American Research 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.