Charles Schwab Corp (SCHW) : Fjarde Ap-fonden Fourth Swedish National Pension Fund scooped up 7,161 additional shares in Charles Schwab Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 284,927 shares of Charles Schwab Corp which is valued at $9,109,116.Charles Schwab Corp makes up approximately 0.20% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.
Other Hedge Funds, Including , Btr Capital Management Inc reduced its stake in SCHW by selling 1,000 shares or 9.71% in the most recent quarter. The Hedge Fund company now holds 9,297 shares of SCHW which is valued at $297,225. Charles Schwab Corp makes up approx 0.07% of Btr Capital Management Inc’s portfolio.Legal General Group Plc boosted its stake in SCHW in the latest quarter, The investment management firm added 29,620 additional shares and now holds a total of 4,921,088 shares of Charles Schwab Corp which is valued at $156,982,707. Charles Schwab Corp makes up approx 0.16% of Legal General Group Plc’s portfolio.Fox Run Management L.l.c. reduced its stake in SCHW by selling 7,900 shares or 37.62% in the most recent quarter. The Hedge Fund company now holds 13,100 shares of SCHW which is valued at $417,890. Charles Schwab Corp makes up approx 0.25% of Fox Run Management L.l.c.’s portfolio.British Columbia Investment Management Corp reduced its stake in SCHW by selling 139,565 shares or 17.2% in the most recent quarter. The Hedge Fund company now holds 671,955 shares of SCHW which is valued at $21,435,365. Charles Schwab Corp makes up approx 0.22% of British Columbia Investment Management Corp’s portfolio.Cobiz Investment Management reduced its stake in SCHW by selling 3,068 shares or 1.56% in the most recent quarter. The Hedge Fund company now holds 193,129 shares of SCHW which is valued at $6,267,036. Charles Schwab Corp makes up approx 1.51% of Cobiz Investment Management’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.