Charles Schwab INC (SCHW) Shareholder Ami Asset Management Corp Has Lowered Position by $8.58 Million

September 16, 2018 - By Sheila Anderson

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 is positive, 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. Quantres Asset Limited stated it has 1.07% in The Charles Schwab Corporation (NYSE:SCHW). Primecap Mngmt Com Ca owns 32.11M shares. Neuberger Berman Group Ltd Co owns 2.67 million shares or 0.15% of their US portfolio. 243,414 were reported by Tower Bridge Advisors. Great Lakes Ltd Liability invested in 0.38% or 315,441 shares. Nomura Holdings owns 1.67 million shares for 0.34% of their portfolio. Johnson Counsel Inc invested 0.03% of its portfolio in The Charles Schwab Corporation (NYSE:SCHW). Garde Capital Inc owns 5,022 shares. Clean Yield Gru stated it has 20,650 shares or 0.44% of all its holdings. Wellington Shields Limited Liability holds 6,370 shares or 0.05% of its portfolio. Nuveen Asset Mngmt holds 55,021 shares or 0.02% of its portfolio. Argent Trust holds 0.18% or 26,167 shares in its portfolio. Bokf Na invested in 19,711 shares or 0.03% of the stock. Wafra Incorporated owns 66,503 shares. Cubist Systematic Strategies Limited Co holds 0.2% in The Charles Schwab Corporation (NYSE:SCHW) or 76,194 shares.

Since April 16, 2018, it had 0 insider purchases, and 27 selling transactions for $194.43 million activity. Craig Jonathan M. sold $147,297 worth of stock or 2,629 shares. Shares for $17.40M were sold by SCHWAB CHARLES R on Wednesday, May 9. Chandoha Marie A sold $1.72 million worth of The Charles Schwab Corporation (NYSE:SCHW) on Friday, April 20. The insider Clark Bernard J. sold $1.78 million. $123,209 worth of stock was sold by Goldfarb Mark A on Friday, June 1. Shares for $803,823 were sold by DODDS CHRISTOPHER V.

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 $34.17 million, 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 EPS, up 50.00 % or $0.21 from last year’s $0.42 per share. SCHW’s profit will be $851.16M for 20.30 P/E if the $0.63 EPS becomes a reality. After $0.60 actual EPS 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 firm has “Buy” rating given on Tuesday, April 10 by Jefferies. Credit Suisse maintained the stock with “Outperform” rating in Tuesday, April 17 report. On Wednesday, July 18 the stock rating was maintained by Wells Fargo with “Market Perform”. Deutsche Bank maintained the stock with “Hold” rating in Friday, April 6 report. Morgan Stanley maintained it with “Overweight” rating and $65 target in Tuesday, April 10 report. Morgan Stanley maintained the stock with “Overweight” rating in Wednesday, July 25 report. The firm has “Buy” rating by Keefe Bruyette & Woods given on Monday, April 16. Credit Suisse maintained The Charles Schwab Corporation (NYSE:SCHW) rating on Monday, April 23. Credit Suisse has “Outperform” rating and $61 target. The rating was maintained by Credit Suisse on Wednesday, April 11 with “Buy”. Credit Suisse downgraded the stock to “Hold” rating in Thursday, June 21 report.

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

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