Schwab Charles Corp (NYSE:SCHW) Move as Big Money’ Sentiment Dropped to 0.87

June 27, 2018 - By Michael Lund

The Charles Schwab Corporation (NYSE:SCHW) Corporate Logo

“Big money” Positions

“Big money sentiment for Schwab Charles Corp (NYSE:SCHW) in Q1 2018 decreased to 0.87, SEC.gov filings reveal. That’s down -0.28, from 2017Q4’s 1.15. 339 active investment managers opened new or increased stock positions, while 390 sold and decreased holdings in Schwab Charles Corp so the sentiment has dropped. These funds own 1.05 billion shares, that’s down from 1.05 billion shares in 2017Q4. Funds holding Schwab Charles Corp in top 10 decreased from 52 to 51 for a decrease of 1. 55 Investors Sold All; 335 Reduced Holdings; 258 increased holdings while 81 active investment managers bought holdings.

Significant Schwab Charles Corp Investors

As of Q1 2018 Theleme Partners Llp has 37.44% invested in Schwab Charles Corp. As of Q1 2018, 2.74 million shares of Schwab Charles Corp are owned by Triple Frond Partners Llc. Brave Warrior Advisors Llc reported 5.88 million shares. Sq Advisors Llc revealed 5.96 million shares position in Schwab Charles Corp. The California-based fund Route One Investment Company L.P. holds 4.55 million shares or 10.21% of their US long equity exposure.

The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services.The firm is worth $71.76 billion. The firm operates through two divisions, Investor Services and Advisor Services.The P/E ratio is 30.03. The Investor Services segment provides retail brokerage and banking services, retirement plan services, and other corporate brokerage services; and stock plan services, compliance solutions, and mutual fund clearing services, as well as engages in the off-platform sales business.

SCHW hit $53.19 during the last trading session after $0.12 change.The Charles Schwab Corporation has volume of 2.36M shares. Since June 27, 2017 SCHW has risen 45.39% and is uptrending. SCHW outperformed by 32.82% the S&P500.

On July, 17. Investors wait The Charles Schwab Corporation (NYSE:SCHW) to publish its quarterly earnings, according to Faxor. earnings per share of $0.59 is 51.28 % up from 2017’s $0.39 EPS. If the current earnings per share of $0.59 is accurate, SCHW’s profit could reach $796.02M. Last quarter $0.55 earnings per share was reported. Analysts forecasts 7.27 % EPS growth this quarter.

Stephens Ar, a Arkansas-based fund reported 33,067 shs. Citizens Northern Corp owns 48,327 shs or 1.88% of their US capital. 184,907 are held by Tocqueville Asset Mgmt L P. Moreover, Sq Ltd Liability Com has 10.61% invested in The Charles Schwab Corporation (NYSE:SCHW). Kentucky Retirement has invested 0.28% in The Charles Schwab Corporation (NYSE:SCHW). Beck Mack And Oliver invested in 5,098 shs or 0.01% of the stock. Gabelli Funds Limited Liability Corp holds 0.07% or 226,100 shs. 1.15M are held by Great West Life Assurance Communication Can. Iberiabank Corporation holds 36,917 shs. State Bank Of Hawaii holds 0.05% or 11,802 shs in its capital. 213,582 were reported by Evercore Wealth Management Ltd Liability Corporation. Orca Inv Mgmt Ltd Liability Corp accumulated 12,380 shs. First Manhattan Com owns 0.08% invested in The Charles Schwab Corporation (NYSE:SCHW) for 256,559 shs. Johnson Inv Counsel owns 26,953 shs. Stratos Wealth Partners Limited, a Ohio-based fund reported 7,295 shs.

The Charles Schwab Corporation registered $250.45 million net activity with 0 insider purchases and 41 sales since January 18, 2018. On Friday, April 27 the insider Murtagh Nigel J sold $727,580. Clark Bernard J. sold 30,020 shs worth $1.65M. 10,000 shs were sold by Chandoha Marie A, worth $560,026 on Wednesday, May 30. 36,285 shs valued at $2.03M were sold by Kallsen Terri R on Tuesday, April 24. 2,174 The Charles Schwab Corporation (NYSE:SCHW) shs with value of $123,209 were sold by Goldfarb Mark A. $15.01M worth of The Charles Schwab Corporation (NYSE:SCHW) was sold by Bettinger Walter W on Tuesday, May 22.

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 PT. The average target $58.86 is 10.66% above the last ($53.19) price. Since January 3, 2018 according to StockzIntelligence Inc Charles Schwab has 27 analyst reports. On Wednesday, January 3 the company was downgraded by JMP Securities. On Monday, January 8 the stock of The Charles Schwab Corporation (NYSE:SCHW) has “Buy” rating given by Jefferies. On Wednesday, February 14 the stock of The Charles Schwab Corporation (NYSE:SCHW) has “Buy” rating given by SunTrust. On Wednesday, April 25 Morgan Stanley maintained the shares of SCHW in report with “Overweight” rating. The company rating was maintained by Credit Suisse on Wednesday, April 11. On Friday, April 6 the rating was maintained by Deutsche Bank with “Hold”. On Monday, April 16 the firm earned “Buy” rating by Keefe Bruyette & Woods. In Wednesday, February 7 report Citigroup downgraded it to “Sell” rating and $49.0 target. In Wednesday, February 7 report Credit Suisse maintained the stock with “Outperform” rating. On Wednesday, January 17 the firm has “Buy” rating given by Sandler O’Neill.

Another two news for The Charles Schwab Corporation (NYSE:SCHW) were briefly 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) Institutional Investors Chart

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