As Charles Schwab INC (SCHW) Shares Declined, Holder Ami Asset Management Corp Has Trimmed Stake

November 10, 2018 - By Clifton Ray

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 improved, 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. The Massachusetts-based Putnam Fl Invest Com has invested 2.12% in The Charles Schwab Corporation (NYSE:SCHW). Royal Bancorp Of Canada has invested 0.05% in The Charles Schwab Corporation (NYSE:SCHW). Mariner Wealth has invested 1.2% in The Charles Schwab Corporation (NYSE:SCHW). Eqis Cap Management reported 0.03% stake. Adirondack Trust reported 1,326 shares or 0.05% of all its holdings. First Tru Advisors Limited Partnership holds 341,024 shares. Moody State Bank Trust Division reported 25,180 shares. Cibc Ww Mkts reported 0.01% in The Charles Schwab Corporation (NYSE:SCHW). Boltwood Capital Management invested in 0.14% or 4,266 shares. Glob Endowment Management Limited Partnership holds 17,910 shares or 0.12% of its portfolio. State Of Alaska Department Of Revenue reported 0.17% stake. Connor Clark Lunn Investment Mngmt Ltd has 0.03% invested in The Charles Schwab Corporation (NYSE:SCHW). Hillhouse Cap owns 271,826 shares. Principal Financial Group Inc accumulated 3.27 million shares or 0.15% of the stock. Hermes holds 0% or 5,710 shares in its portfolio.

Since May 16, 2018, it had 0 insider purchases, and 12 insider sales for $64.88 million activity. SCHWAB CHARLES R sold $12.53M worth of stock. Bettinger Walter W had sold 113,832 shares worth $6.80M. Another trade for 2,174 shares valued at $123,209 was sold by Goldfarb Mark A. 29,678 shares valued at $1.78 million were sold by Clark Bernard J. on Tuesday, May 22. $560,026 worth of The Charles Schwab Corporation (NYSE:SCHW) shares were sold by Chandoha Marie A. DODDS CHRISTOPHER V had sold 15,718 shares worth $803,823 on Thursday, August 16.

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 $64.36B market cap company. The stock decreased 2.04% or $0.99 during the last trading session, reaching $47.64. About 7.09M shares traded or 0.38% up from the average. The Charles Schwab Corporation (NYSE:SCHW) has risen 27.28% since November 10, 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 January, 16. They expect $0.66 EPS, up 50.00 % or $0.22 from last year’s $0.44 per share. SCHW’s profit will be $891.69 million for 18.05 P/E if the $0.66 EPS becomes a reality. After $0.65 actual EPS reported by The Charles Schwab Corporation for the previous quarter, Wall Street now forecasts 1.54 % EPS growth.

Another recent and important The Charles Schwab Corporation (NYSE:SCHW) news was published by 247Wallst.com which published an article titled: “With Midterms Over, Deutsche Bank Loves 3 Top Financial Stocks” on November 07, 2018.

The Charles Schwab Corporation (NYSE:SCHW) Ratings Coverage

Among 8 analysts covering Charles Schwab (NYSE:SCHW), 5 have Buy rating, 1 Sell and 2 Hold. Therefore 63% are positive. Charles Schwab had 10 analyst reports since June 5, 2018 according to SRatingsIntel. The firm has “Overweight” rating given on Tuesday, October 9 by Morgan Stanley. The firm has “Buy” rating by Deutsche Bank given on Tuesday, October 30. Credit Suisse downgraded The Charles Schwab Corporation (NYSE:SCHW) rating on Thursday, June 21. Credit Suisse has “Hold” rating and $6100 target. The stock has “Market Perform” rating by Wells Fargo on Wednesday, July 18. On Monday, July 23 the stock rating was maintained by Citigroup with “Sell”. The firm has “Outperform” rating given on Friday, October 26 by Credit Suisse. The stock has “Overweight” rating by Barclays Capital on Monday, October 22. Raymond James upgraded the stock to “Outperform” rating in Tuesday, October 30 report. Morgan Stanley maintained The Charles Schwab Corporation (NYSE:SCHW) rating on Wednesday, July 25. Morgan Stanley has “Overweight” rating and $65 target.

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

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