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

Charles Schwab Corp (SCHW) : Sands Capital Management reduced its stake in Charles Schwab Corp by 5.35% during the most recent quarter end. The investment management company now holds a total of 34,774,985 shares of Charles Schwab Corp which is valued at $1,032,817,055 after selling 1,967,120 shares in Charles Schwab Corp , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Charles Schwab Corp makes up approximately 2.91% of Sands Capital Management’s portfolio.

Other Hedge Funds, Including , Johnson Financial Group boosted its stake in SCHW in the latest quarter, The investment management firm added 7,197 additional shares and now holds a total of 8,528 shares of Charles Schwab Corp which is valued at $253,282. Charles Schwab Corp makes up approx 0.03% of Johnson Financial Group’s portfolio. Alpine Woods Capital Investors added SCHW to its portfolio by purchasing 9,000 company shares during the most recent quarter which is valued at $267,300. Charles Schwab Corp makes up approx 0.02% of Alpine Woods Capital Investors’s portfolio.Nordea Investment Management Ab boosted its stake in SCHW in the latest quarter, The investment management firm added 593 additional shares and now holds a total of 47,396 shares of Charles Schwab Corp which is valued at $1,323,296.

Charles Schwab Corp opened for trading at $31.02 and hit $31.41 on the upside on Monday, eventually ending the session at $31.05, with a gain of 0.32% or 0.1 points. The heightened volatility saw the trading volume jump to 74,50,543 shares. Company has a market cap of $41,079 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. 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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