Charles Schwab INC (SCHW) Holder Ami Asset Management Corp Trimmed Its Position as Share Price Declined

September 16, 2018 - By Tamara Reed

The Charles Schwab Corporation (NYSE:SCHW) LogoInvestors sentiment increased to 1.11 in 2018 Q2. Its up 0.24, from 0.87 in 2018Q1. It increased, as 46 investors sold SCHW shares while 307 reduced holdings. 93 funds opened positions while 300 raised stakes. 1.05 billion shares or 0.22% more from 1.05 billion shares in 2018Q1 were reported. Quantbot Technologies LP holds 0.32% or 92,220 shares. Regent Invest Ltd Co accumulated 24,683 shares. 779 were accumulated by Vigilant Capital Management Lc. Wafra holds 0.13% or 66,503 shares. Raymond James Assocs owns 681,079 shares. Mai Management owns 24,068 shares for 0.07% of their portfolio. Farmers Tru Comm owns 63,637 shares. Steinberg Asset holds 4,326 shares or 0.03% of its portfolio. Churchill Mgmt holds 0.17% in The Charles Schwab Corporation (NYSE:SCHW) or 126,659 shares. First Mercantile Trust accumulated 40,604 shares or 0.41% of the stock. California Pub Employees Retirement Sys holds 2.28M shares or 0.16% of its portfolio. Cap World Investors owns 1.29M shares. Central Secs owns 1.67% invested in The Charles Schwab Corporation (NYSE:SCHW) for 210,000 shares. Asset Mngmt One reported 1.92M shares stake. 557,292 are held by Westpac Bk.

Since April 16, 2018, it had 0 insider purchases, and 27 sales for $194.43 million activity. $560,026 worth of stock was sold by Chandoha Marie A on Wednesday, May 30. Another trade for 2,174 shares valued at $123,209 was sold by Goldfarb Mark A. $10.05M worth of The Charles Schwab Corporation (NYSE:SCHW) was sold by SCHWAB CHARLES R on Tuesday, July 24. 2,629 shares were sold by Craig Jonathan M., worth $147,297 on Friday, June 15. DODDS CHRISTOPHER V had sold 15,718 shares worth $803,823 on Thursday, August 16. Kallsen Terri R sold $2.03M worth of stock.

Ami Asset Management Corp decreased its stake in Charles Schwab Inc (SCHW) by 20.09% based on its latest 2018Q2 regulatory filing with the SEC. Ami Asset Management Corp sold 168,138 shares as the company’s stock declined 11.59% while stock markets rallied. The hedge fund held 668,586 shares of the investment bankers and brokers and service company at the end of 2018Q2, valued at $34.17M, down from 836,724 at the end of the previous reported quarter. Ami Asset Management Corp who had been investing in Charles Schwab Inc for a number of months, seems to be less bullish one the $69.12B market cap company. The stock increased 1.47% or $0.74 during the last trading session, reaching $51.16. About 4.53 million shares traded. The Charles Schwab Corporation (NYSE:SCHW) has risen 27.28% since September 16, 2017 and is uptrending. It has outperformed by 11.66% the S&P500.

Analysts await The Charles Schwab Corporation (NYSE:SCHW) to report earnings on October, 15. They expect $0.63 earnings per share, up 50.00 % or $0.21 from last year’s $0.42 per share. SCHW’s profit will be $851.16 million for 20.30 P/E if the $0.63 EPS becomes a reality. After $0.60 actual earnings per share reported by The Charles Schwab Corporation for the previous quarter, Wall Street now forecasts 5.00 % EPS growth.

The Charles Schwab Corporation (NYSE:SCHW) Ratings Coverage

Among 9 analysts covering Charles Schwab (NYSE:SCHW), 3 have Buy rating, 1 Sell and 5 Hold. Therefore 33% are positive. Charles Schwab had 16 analyst reports since April 6, 2018 according to SRatingsIntel. The stock has “Buy” rating by Jefferies on Friday, April 20. The stock has “Hold” rating by Deutsche Bank on Friday, April 6. Morgan Stanley maintained The Charles Schwab Corporation (NYSE:SCHW) on Tuesday, April 10 with “Overweight” rating. Citigroup maintained the stock with “Sell” rating in Monday, July 23 report. Deutsche Bank maintained The Charles Schwab Corporation (NYSE:SCHW) on Tuesday, April 17 with “Hold” rating. Jefferies maintained The Charles Schwab Corporation (NYSE:SCHW) on Tuesday, April 10 with “Buy” rating. Credit Suisse downgraded The Charles Schwab Corporation (NYSE:SCHW) rating on Thursday, June 21. Credit Suisse has “Hold” rating and $6100 target. Wells Fargo maintained The Charles Schwab Corporation (NYSE:SCHW) rating on Wednesday, July 18. Wells Fargo has “Market Perform” rating and $56 target. Credit Suisse maintained the shares of SCHW in report on Tuesday, April 17 with “Outperform” rating. The stock of The Charles Schwab Corporation (NYSE:SCHW) has “Overweight” rating given on Wednesday, July 25 by Morgan Stanley.

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

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