Brave Warrior Advisors Lowers stake in Charles Schwab Corp (SCHW)

Charles Schwab Corp (SCHW) : Brave Warrior Advisors reduced its stake in Charles Schwab Corp by 2.66% during the most recent quarter end. The investment management company now holds a total of 9,299,975 shares of Charles Schwab Corp which is valued at $276,209,258 after selling 254,431 shares in Charles Schwab Corp , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Charles Schwab Corp makes up approximately 14.53% of Brave Warrior Advisors’s portfolio.

Other Hedge Funds, Including , Lpl Financial boosted its stake in SCHW in the latest quarter, The investment management firm added 45,922 additional shares and now holds a total of 152,670 shares of Charles Schwab Corp which is valued at $4,534,299. Charles Schwab Corp makes up approx 0.04% of Lpl Financial’s portfolio. Caxton Associates Lp sold out all of its stake in SCHW during the most recent quarter. The investment firm sold 350,000 shares of SCHW which is valued $10,395,000. Stillwater Investment Management added SCHW to its portfolio by purchasing 188,100 company shares during the most recent quarter which is valued at $5,586,570. Charles Schwab Corp makes up approx 3.01% of Stillwater Investment Management’s portfolio.Dubuque Bank Trust Co boosted its stake in SCHW in the latest quarter, The investment management firm added 1,863 additional shares and now holds a total of 2,500 shares of Charles Schwab Corp which is valued at $74,250. Charles Schwab Corp makes up approx 0.01% of Dubuque Bank Trust Co’s portfolio.Cornerstone Capital Management reduced its stake in SCHW by selling 553,617 shares or 24.27% in the most recent quarter. The Hedge Fund company now holds 1,727,101 shares of SCHW which is valued at $51,692,133. Charles Schwab Corp makes up approx 2.57% of Cornerstone Capital Management’s portfolio.

Charles Schwab Corp closed down -0.48 points or -1.53% at $30.98 with 82,78,303 shares getting traded on Thursday. Post opening the session at $31.64, the shares hit an intraday low of $30.63 and an intraday high of $31.85 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.

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