Leisure Capital Management Lowers stake in Charles Schwab Corp (SCHW)

Charles Schwab Corp (SCHW) : Leisure Capital Management reduced its stake in Charles Schwab Corp by 1.04% during the most recent quarter end. The investment management company now holds a total of 59,270 shares of Charles Schwab Corp which is valued at $1,781,656 after selling 622 shares in Charles Schwab Corp , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Charles Schwab Corp makes up approximately 1.91% of Leisure Capital Management’s portfolio.

Other Hedge Funds, Including , Gamco Investors Et Al reduced its stake in SCHW by selling 21,079 shares or 11.32% in the most recent quarter. The Hedge Fund company now holds 165,116 shares of SCHW which is valued at $4,941,922. Charles Schwab Corp makes up approx 0.03% of Gamco Investors Et Al’s portfolio.Nippon Life Insurance Co reduced its stake in SCHW by selling 1,019 shares or 1.61% in the most recent quarter. The Hedge Fund company now holds 62,114 shares of SCHW which is valued at $1,763,416. Charles Schwab Corp makes up approx 0.04% of Nippon Life Insurance Co’s portfolio.Spot Trading L.l.c reduced its stake in SCHW by selling 4,056 shares or 2.73% in the most recent quarter. The Hedge Fund company now holds 144,451 shares of SCHW which is valued at $4,100,964. Charles Schwab Corp makes up approx 0.55% of Spot Trading L.l.c’s portfolio. Atalanta Sosnoff Capital sold out all of its stake in SCHW during the most recent quarter. The investment firm sold 433,647 shares of SCHW which is valued $12,450,005.

Charles Schwab Corp closed down -0.03 points or -0.10% at $30.11 with 69,33,626 shares getting traded on Wednesday. Post opening the session at $30.08, the shares hit an intraday low of $29.99 and an intraday high of $30.26 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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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