Schwab Charles Corp New (SCHW) Holder Allen Investment Management LLC Cut Position by $4.95 Million

July 18, 2017 - By Darrin Black

Investors sentiment increased to 1.13 in Q4 2016. Its up 0.08, from 1.05 in 2016Q3. It increased, 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. Oregon Public Employees Retirement Fund invested 0.1% of its portfolio in Charles Schwab Corp (NYSE:SCHW). Benjamin F Edwards & invested in 0% or 258 shares. Fmr Ltd Liability Company invested in 0.12% or 23.38 million shares. Voloridge Invest Ltd Liability reported 74,283 shares. Thornburg Invest Management owns 161,608 shares or 0.05% of their US portfolio. Sand Hill Advisors Lc holds 0.78% of its portfolio in Charles Schwab Corp (NYSE:SCHW) for 143,933 shares. Ls Investment Advsr Limited Com owns 21,372 shares. Jane Street Limited Company invested in 0.02% or 124,589 shares. Johnson Inv Counsel accumulated 37,341 shares. Polar Limited Liability Partnership invested 0.23% in Charles Schwab Corp (NYSE:SCHW). Credit Suisse Ag holds 0.08% in Charles Schwab Corp (NYSE:SCHW) or 1.93M shares. 3.94 million were accumulated by Neuberger Berman Gp Ltd Liability Co. 121,367 were reported by Advantus Management. Allianz Asset Mgmt Ag holds 1.58 million shares. Lord Abbett Limited Liability Corp reported 0.11% of its portfolio in Charles Schwab Corp (NYSE:SCHW).

Since January 24, 2017, it had 0 buys, and 13 insider sales for $50.67 million activity. $1.06 million worth of Charles Schwab Corp (NYSE:SCHW) was sold by Clark Bernard J. on Tuesday, January 24. Chandoha Marie A also sold $382,940 worth of Charles Schwab Corp (NYSE:SCHW) on Monday, March 13. Bettinger Walter W sold $13.75M worth of Charles Schwab Corp (NYSE:SCHW) on Wednesday, January 25. On Monday, February 13 Goldfarb Mark A sold $642,228 worth of Charles Schwab Corp (NYSE:SCHW) or 15,688 shares. SCHWAB CHARLES R had sold 738,000 shares worth $30.68 million.

Allen Investment Management Llc decreased its stake in Schwab Charles Corp New (SCHW) by 6.17% based on its latest 2016Q4 regulatory filing with the SEC. Allen Investment Management Llc sold 126,864 shares as the company’s stock declined 7.92% while stock markets rallied. The hedge fund held 1.93 million shares of the investment bankers and brokers and service company at the end of 2016Q4, valued at $76.15M, down from 2.06 million at the end of the previous reported quarter. Allen Investment Management Llc who had been investing in Schwab Charles Corp New for a number of months, seems to be less bullish one the $57.26 billion market cap company. The stock decreased 0.26% or $0.11 on July 17, reaching $42.93. About shares traded. Charles Schwab Corp (NYSE:SCHW) has risen 32.11% since July 18, 2016 and is uptrending. It has outperformed by 15.41% the S&P500.

Allen Investment Management Llc, which manages about $2.32 billion and $1.45 billion US Long portfolio, upped its stake in Ishares Tr (MUB) by 447,631 shares to 522,798 shares, valued at $56.56M in 2016Q4, according to the filing. It also increased its holding in Wayfair Inc (NYSE:W) by 200,000 shares in the quarter, for a total of 700,000 shares, and has risen its stake in Microsoft Corp (NASDAQ:MSFT).

More notable recent Charles Schwab Corp (NYSE:SCHW) news were published by: Bloomberg.com which released: “Asian Stocks Fall From Nine-Year High on Weak US Bank Earnings” on July 18, 2017, also Streetinsider.com with their article: “UPDATE: Deutsche Bank Downgrades Charles Schwab Corp. (SCHW) to Hold” published on July 11, 2017, Bloomberg.com published: “Schwab Is Back With First ETF Since 2013” on July 14, 2017. More interesting news about Charles Schwab Corp (NYSE:SCHW) were released by: Benzinga.com and their article: “Schwab Expands Commission-Free Platform” published on July 11, 2017 as well as Nytimes.com‘s news article titled: “Low-Fee BlackRock Funds Reel in Cash but Earnings Disappoint” with publication date: July 17, 2017.

Charles Schwab Corp (NYSE:SCHW) Ratings Coverage

Among 19 analysts covering Charles Schwab (NYSE:SCHW), 15 have Buy rating, 0 Sell and 4 Hold. Therefore 79% are positive. Charles Schwab has $50 highest and $28 lowest target. $40’s average target is -6.83% below currents $42.93 stock price. Charles Schwab had 58 analyst reports since August 11, 2015 according to SRatingsIntel. The rating was upgraded by Suntrust Robinson on Monday, December 19 to “Buy”. As per Friday, October 16, the company rating was maintained by UBS. The firm earned “Neutral” rating on Friday, December 18 by Piper Jaffray. The firm earned “Buy” rating on Monday, January 25 by Nomura. As per Friday, October 16, the company rating was maintained by Deutsche Bank. UBS maintained Charles Schwab Corp (NYSE:SCHW) rating on Friday, February 3. UBS has “Buy” rating and $44 target. The company was maintained on Wednesday, April 12 by Nomura. The stock of Charles Schwab Corp (NYSE:SCHW) earned “Buy” rating by Deutsche Bank on Friday, September 18. The stock has “Overweight” rating by Barclays Capital on Tuesday, August 9. The firm has “Hold” rating by Deutsche Bank given on Tuesday, July 11.

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