Btr Capital Management Inc Lowers stake in Charles Schwab Corp (SCHW)

Charles Schwab Corp (SCHW) : Btr Capital Management Inc reduced its stake in Charles Schwab Corp by 9.71% during the most recent quarter end. The investment management company now holds a total of 9,297 shares of Charles Schwab Corp which is valued at $297,225 after selling 1,000 shares in Charles Schwab Corp , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Charles Schwab Corp makes up approximately 0.07% of Btr Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in SCHW in the latest quarter, The investment management firm added 7,161 additional shares and now holds a total of 284,927 shares of Charles Schwab Corp which is valued at $9,109,116. Charles Schwab Corp makes up approx 0.20% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.Nisa Investment Advisors boosted its stake in SCHW in the latest quarter, The investment management firm added 8,720 additional shares and now holds a total of 391,681 shares of Charles Schwab Corp which is valued at $12,494,624. Charles Schwab Corp makes up approx 0.16% of Nisa Investment Advisors’s portfolio.Oregon Public Employees Retirement Fund reduced its stake in SCHW by selling 28,269 shares or 18.62% in the most recent quarter. The Hedge Fund company now holds 123,555 shares of SCHW which is valued at $4,009,360. Charles Schwab Corp makes up approx 0.09% of Oregon Public Employees Retirement Fund’s portfolio.Chevy Chase Trust Holdings reduced its stake in SCHW by selling 46,832 shares or 2.91% in the most recent quarter. The Hedge Fund company now holds 1,562,593 shares of SCHW which is valued at $50,956,158. Charles Schwab Corp makes up approx 0.28% of Chevy Chase Trust Holdings’s portfolio.Cullinan Associates Inc boosted its stake in SCHW in the latest quarter, The investment management firm added 7,800 additional shares and now holds a total of 112,200 shares of Charles Schwab Corp which is valued at $3,658,842. Charles Schwab Corp makes up approx 0.31% of Cullinan Associates Inc’s portfolio.

Charles Schwab Corp opened for trading at $31.94 and hit $32.21 on the upside on Friday, eventually ending the session at $31.97, with a gain of 1.72% or 0.54 points. The heightened volatility saw the trading volume jump to 76,84,029 shares. Company has a market cap of $42,296 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. 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.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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