Charles Schwab Corp (SCHW) : Reilly Herbert Faulkner Iii scooped up 37,080 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 11, 2016. The investment management firm now holds a total of 148,739 shares of Charles Schwab Corp which is valued at $4,826,581.Charles Schwab Corp makes up approximately 3.63% of Reilly Herbert Faulkner Iii’s portfolio.
Other Hedge Funds, Including , 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.Advisory Services Network boosted its stake in SCHW in the latest quarter, The investment management firm added 1,969 additional shares and now holds a total of 10,604 shares of Charles Schwab Corp which is valued at $343,570. Charles Schwab Corp makes up approx 0.07% of Advisory Services Network’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in SCHW by selling 5,847 shares or 3.5% in the most recent quarter. The Hedge Fund company now holds 161,165 shares of SCHW which is valued at $5,255,591. Charles Schwab Corp makes up approx 0.02% of Bnp Paribas Arbitrage Sa’s portfolio. Harbour Capital Advisors sold out all of its stake in SCHW during the most recent quarter. The investment firm sold 13,750 shares of SCHW which is valued $448,388.
Charles Schwab Corp closed down -0.55 points or -1.69% at $31.9 with 70,41,914 shares getting traded on Tuesday. Post opening the session at $32.4, the shares hit an intraday low of $31.65 and an intraday high of $32.61 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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. 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.