Ruane Cunniff Goldfarb Inc adds Charles Schwab Corp (SCHW) to its portfolio

Charles Schwab Corp (SCHW) : Ruane Cunniff Goldfarb Inc added new position in Charles Schwab Corp during the most recent quarter end. The investment management firm now holds 9,155,367 shares of Charles Schwab Corp which is valued at $248,110,446 , the company said in a statement filed on Jul 15, 2016 with the SEC.Charles Schwab Corp makes up approximately 2.29% of Ruane Cunniff Goldfarb Inc’s portfolio.

Other Hedge Funds, Including , Sumitomo Life Insurance Co reduced its stake in SCHW by selling 1,838 shares or 3.4% in the most recent quarter. The Hedge Fund company now holds 52,217 shares of SCHW which is valued at $1,415,081. Charles Schwab Corp makes up approx 0.19% of Sumitomo Life Insurance Co’s portfolio.Boys Arnold Co Inc boosted its stake in SCHW in the latest quarter, The investment management firm added 27,150 additional shares and now holds a total of 60,975 shares of Charles Schwab Corp which is valued at $1,652,423. Charles Schwab Corp makes up approx 0.28% of Boys Arnold Co Inc’s portfolio.Quotient Investors reduced its stake in SCHW by selling 43,450 shares or 76.43% in the most recent quarter. The Hedge Fund company now holds 13,400 shares of SCHW which is valued at $354,162. Charles Schwab Corp makes up approx 0.16% of Quotient Investors’s portfolio.

Charles Schwab Corp opened for trading at $27.6 and hit $27.61 on the upside on Monday, eventually ending the session at $27.1, with a gain of 0.26% or 0.07 points. The heightened volatility saw the trading volume jump to 95,33,723 shares. Company has a market cap of $35,818 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.

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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