Charles Schwab INC (SCHW) Shareholder Ami Asset Management Corp Has Trimmed Position as Stock Value Declined

November 10, 2018 - By Harriett Tippett

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. Illinois-based Castleark has invested 1.62% in The Charles Schwab Corporation (NYSE:SCHW). Lenox Wealth reported 2,526 shares. Cornerstone Advsrs has invested 0.14% in The Charles Schwab Corporation (NYSE:SCHW). Riggs Asset Managment Inc has invested 0.02% in The Charles Schwab Corporation (NYSE:SCHW). Prudential Public Limited Com reported 0% in The Charles Schwab Corporation (NYSE:SCHW). Adage Cap Group Inc Limited Liability Com has 0.18% invested in The Charles Schwab Corporation (NYSE:SCHW) for 1.55M shares. Investec Asset Mgmt North America invested 0.63% of its portfolio in The Charles Schwab Corporation (NYSE:SCHW). Torray Ltd Liability Corporation holds 433,508 shares or 2.32% of its portfolio. State Of New Jersey Common Pension Fund D stated it has 470,000 shares. Sumitomo Mitsui Trust Inc accumulated 4.49 million shares or 0.27% of the stock. Meiji Yasuda Life has invested 0.53% in The Charles Schwab Corporation (NYSE:SCHW). The Bermuda-based Fil has invested 0% in The Charles Schwab Corporation (NYSE:SCHW). Pinebridge Limited Partnership reported 0% in The Charles Schwab Corporation (NYSE:SCHW). Mngmt Professionals holds 450 shares or 0.01% of its portfolio. Sheets Smith Wealth Mgmt holds 28,796 shares or 0.34% of its portfolio.

Since May 16, 2018, it had 0 insider purchases, and 12 sales for $64.88 million activity. The insider DODDS CHRISTOPHER V sold $803,823. $15.01M worth of The Charles Schwab Corporation (NYSE:SCHW) shares were sold by Bettinger Walter W. The insider Chandoha Marie A sold $560,026. Shares for $10.46 million were sold by SCHWAB CHARLES R. Craig Jonathan M. also sold $147,297 worth of The Charles Schwab Corporation (NYSE:SCHW) shares. Clark Bernard J. sold 29,678 shares worth $1.78M.

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 $64.36 billion market cap company. The stock decreased 2.04% or $0.99 during the last trading session, reaching $47.64. About 7.09 million 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 $891.69M 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 stock of The Charles Schwab Corporation (NYSE:SCHW) earned “Sell” rating by Citigroup on Monday, July 23. The rating was upgraded by Raymond James to “Outperform” on Tuesday, October 30. The rating was maintained by Wells Fargo with “Market Perform” on Wednesday, July 18. Credit Suisse maintained the stock with “Outperform” rating in Friday, October 26 report. Morgan Stanley maintained it with “Overweight” rating and $65 target in Wednesday, July 25 report. The company was maintained on Tuesday, October 9 by Morgan Stanley. The stock has “Hold” rating by Credit Suisse on Thursday, June 21. The rating was maintained by Barclays Capital with “Overweight” on Monday, October 22. As per Tuesday, October 30, the company rating was upgraded by Deutsche Bank.

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

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