Eaton Vance Management Increased Its Stake in Schwab Charles Corp New (SCHW) by $12.48 Million

June 27, 2018 - By Charla Downs

The Charles Schwab Corporation (NYSE:SCHW) Corporate LogoBig Money Sentiment decreased to 0.87 in 2018 Q1. It has change of 0.28, from 2017Q4’s 1.15. The ratio dived due to SCHW positioning: 55 sold and 335 reduced. 81 funds amassed holdings and 258 increased holdings. Investors holded 1.05 billion in 2017Q4 but now own 1.05 billion shares or 0.48% less. Sun Life Fincl invested in 0% or 285 shs. Fred Alger Management owns 0% invested in The Charles Schwab Corporation (NYSE:SCHW) for 249 shs. Capital One Association holds 0.39% or 106,576 shs. State Of Wisconsin Invest Board reported 1.16M shs or 0.17% of all its holdings. Royal Fincl Bank Of Canada has invested 0.05% of its capital in The Charles Schwab Corporation (NYSE:SCHW). Permanens Capital LP has invested 0.1% of its capital in The Charles Schwab Corporation (NYSE:SCHW). Captrust Fin Advsrs stated it has 6,628 shs or 0.02% of all its holdings. Massachusetts Fincl Svcs Company Ma invested in 8.37M shs or 0.19% of the stock. Park Presidio Cap Ltd Com holds 1.40 million shs. Northstar Asset Management Ltd Liability Corp holds 0.56% of its capital in The Charles Schwab Corporation (NYSE:SCHW) for 25,730 shs. Mogy Joel R Investment Counsel Inc invested in 18,125 shs. 141,906 are held by Alexandria Cap Limited Liability. Montecito Bancorporation & Tru invested 0.3% in The Charles Schwab Corporation (NYSE:SCHW). 118,840 were reported by Timessquare Capital Mgmt Limited Liability Com. Citadel Ltd Liability reported 0.01% stake.

SCHW had 41 selling transactions and 0 buys since January 18, 2018. This’s net activity of $250.45 million. Shares for $6.80M were sold by Bettinger Walter W on Monday, May 21. On Tuesday, February 27 the insider Clark Bernard J. sold $1.65 million. 13,000 shs were sold by Murtagh Nigel J, worth $727,580 on Friday, April 27. Craig Jonathan M. sold $600,001 worth of stock. MCLIN STEPHEN T sold $1.01 million worth of The Charles Schwab Corporation (NYSE:SCHW) on Friday, January 26. On Monday, April 30 $5,629 worth of The Charles Schwab Corporation (NYSE:SCHW) was sold by Chandoha Marie A.

The holdings In Schwab Charles Corp New (SCHW) was upped held by Eaton Vance Management. According to 2018Q1 Securities and Exchange filling the decrease is 3.27%. The company’s stock popped up 6.64% while Eaton Vance Management bought 239,964 shares. The institutional investor is holding 7.57 million shares, compared to the 7.33M from the previous quarter. And the reported value of the investment bankers and brokers and service company is $395.23M for the 2018Q1. Schwab Charles Corp New has $72.11B MC. The stock increased 0.72% or $0.38 during the last trading session, reaching $53.45.The Charles Schwab Corporation has volume of 1.53M shares. Since June 27, 2017 SCHW has risen 45.39% and is uptrending. SCHW outperformed by 32.82% the S&P500.

Eaton Vance Management operates about $88.88 billion and $40.48 billion US Long portfolio. According to a filing the fund reduced its stake in Interpublic Group Cos Inc (NYSE:IPG) by 3.82M shares to 1.69 million shares, valued at $38.90M in 2018Q1. For a total of 3.93M shares it reduced its holding in Gilead Sciences Inc (NASDAQ:GILD) by 384,494 shares in the quarter, and has cut its stake in Home Depot Inc (NYSE:HD).

Another two news for The Charles Schwab Corporation (NYSE:SCHW) were recently published by: Bizjournals.com on June 20, 2018 with title “Exclusive: Fitbit lists major chunk of San Francisco office space for sublease amid hot market”. The other Globenewswire.com‘s article was titled “Detailed Research: Economic Perspectives on Comerica, Vanda Pharmaceuticals, Acadia Healthcare, The Charles …” and published on June 27, 2018.

The Charles Schwab Corporation (NYSE:SCHW) Ratings Coverage

Total analysts of 12 have positions in Charles Schwab (NYSE:SCHW) as follows: 5 rated it a “Buy”, 1 with “Sell” and 6 with “Hold”. The positive are 42%. The firm has $69 highest while $49.0 is the lowest target price. The average target $58.86 is 10.12% above the last ($53.45) price. Since January 3, 2018 according to StockzIntelligence Inc Charles Schwab has 27 analyst reports. On Monday, April 16 Keefe Bruyette & Woods maintained The Charles Schwab Corporation (NYSE:SCHW) with “Buy” rating. On Monday, January 8 the firm has “Buy” rating by Jefferies given. On Friday, April 6 the firm earned “Hold” rating by Deutsche Bank. On Tuesday, January 30 Morgan Stanley maintained The Charles Schwab Corporation (NYSE:SCHW) with “Overweight” rating. On Wednesday, February 7 Citigroup downgraded the shares of SCHW in report to “Sell” rating. On Wednesday, April 25 the firm earned “Overweight” rating by Morgan Stanley. On Friday, January 19 the company was downgraded by Citigroup. On Wednesday, April 11 the stock of The Charles Schwab Corporation (NYSE:SCHW) has “Buy” rating given by Credit Suisse. In Monday, February 26 report Keefe Bruyette & Woods maintained the stock with “Buy” rating. On Tuesday, April 10 the stock has “Buy” rating by Jefferies.

The Charles Schwab Corporation (NYSE:SCHW) Institutional Investors Chart

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