Schwab Charles Corp New (SCHW) Shareholder Theleme Partners Llp Has Trimmed Position by $12.87 Million

September 17, 2017 - By Darrin Black

Investors sentiment increased to 1.13 in Q4 2016. Its up 0.08, from 1.05 in 2016Q3. It is positive, as 52 investors sold SCHW shares while 266 reduced holdings. 119 funds opened positions while 240 raised stakes. 1.02 billion shares or 2.31% more from 1.00 billion shares in 2016Q3 were reported. Principal accumulated 2.54M shares. Bragg Fincl Advsr accumulated 8,017 shares. Gulf Natl Bank (Uk) invested in 0.22% or 361,541 shares. Ironwood Invest Counsel has 1.72% invested in Charles Schwab Corp (NYSE:SCHW) for 97,720 shares. Summit Asset Mgmt holds 0.3% of its portfolio in Charles Schwab Corp (NYSE:SCHW) for 12,088 shares. The New York-based Neuberger Berman Grp Lc has invested 0.21% in Charles Schwab Corp (NYSE:SCHW). Bb&T Secs reported 43,395 shares stake. Riverpark Capital Mgmt Ltd Limited Liability Company holds 3.91% or 80,961 shares. 561,961 were accumulated by Allen Limited Liability Co. Moreover, Deutsche Bancshares Ag has 0.12% invested in Charles Schwab Corp (NYSE:SCHW). Markel Corporation stated it has 1.06 million shares. Bridgewater Associates LP owns 145,900 shares or 0.05% of their US portfolio. Ibm Retirement Fund has 109,361 shares. Mairs And Pwr holds 299,123 shares or 0.15% of its portfolio. Davidson Invest Advsr reported 13,400 shares.

Patrick Degorce decreased its stake in Schwab Charles Corp New (SCHW) by 2.49% based on its latest 2016Q4 regulatory filing with the SEC. Theleme Partners Llp sold 330,000 shares as the company’s stock declined 7.92% while stock markets rallied. The hedge fund run by Patrick Degorce held 12.93 million shares of the investment bankers and brokers and service company at the end of 2016Q4, valued at $510.23 million, down from 13.26M at the end of the previous reported quarter. Theleme Partners Llp who had been investing in Schwab Charles Corp New for a number of months, seems to be less bullish one the $53.85B market cap company. The stock increased 0.55% or $0.22 on September 15, reaching $40.21. About 14.22 million shares traded or 141.43% up from the average. Charles Schwab Corp (NYSE:SCHW) has risen 32.11% since September 17, 2016 and is uptrending. It has outperformed by 15.41% the S&P500.

Analysts expect Charles Schwab Corp (NYSE:SCHW) to report $0.41 EPS on October, 16.They anticipate $0.07 EPS change or 20.59 % from last quarter’s $0.34 EPS. SCHW’s profit would be $549.08 million giving it 24.52 P/E if the $0.41 EPS is correct. After having $0.39 EPS previously, Charles Schwab Corp’s analysts see 5.13 % EPS growth.

Charles Schwab Corp (NYSE:SCHW) Ratings Coverage

Among 20 analysts covering Charles Schwab (NYSE:SCHW), 14 have Buy rating, 0 Sell and 6 Hold. Therefore 70% are positive. Charles Schwab has $51 highest and $28 lowest target. $41.47’s average target is 3.13% above currents $40.21 stock price. Charles Schwab had 64 analyst reports since August 11, 2015 according to SRatingsIntel. The stock has “Buy” rating by Bank of America on Thursday, October 13. The firm earned “Buy” rating on Friday, October 16 by UBS. The stock of Charles Schwab Corp (NYSE:SCHW) has “Neutral” rating given on Friday, April 15 by Citigroup. On Wednesday, June 14 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. As per Thursday, October 13, the company rating was maintained by Barclays Capital. Barclays Capital maintained the stock with “Overweight” rating in Tuesday, December 8 report. As per Monday, July 11, the company rating was maintained by Nomura. On Wednesday, January 13 the stock rating was downgraded by Bank of America to “Neutral”. Deutsche Bank downgraded the shares of SCHW in report on Tuesday, July 11 to “Hold” rating. Keefe Bruyette & Woods maintained the shares of SCHW in report on Monday, August 14 with “Buy” rating.

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