As Schwab Charles Corp New (SCHW) Shares Rose, Eaton Vance Management Increased Stake by $12.48 Million

June 27, 2018 - By Gregory Tomko

The Charles Schwab Corporation (NYSE:SCHW) Corporate LogoDuring Q1 2018 the big money sentiment decreased to 0.87. That’s change of 0.28, from 2017Q4’s 1.15. 55 investors sold all, 335 reduced holdings as SCHW ratio dropped. 258 rose positions while 81 funds took positions. Funds hold 1.05 billion shares thus 0.48% less from 2017Q4’s 1.05 billion shares. Cobblestone Cap Advsr Ltd Liability Co Ny reported 0.02% in The Charles Schwab Corporation (NYSE:SCHW). Stock Yards Commercial Bank Trust Commerce has invested 1.79% in The Charles Schwab Corporation (NYSE:SCHW). Bar Harbor Tru holds 0.14% or 4,704 shs. Cap Invest Advisors Ltd holds 0.03% or 9,412 shs. Andra Ap holds 0.11% in The Charles Schwab Corporation (NYSE:SCHW) or 78,500 shs. Wetherby Asset Management Inc holds 0.29% in The Charles Schwab Corporation (NYSE:SCHW) or 39,820 shs. Kentucky Retirement System Insur Tru Fund reported 27,434 shs. Whittier Tru Of Nevada Inc holds 0.38% in The Charles Schwab Corporation (NYSE:SCHW) or 89,276 shs. Meiji Yasuda Asset Mngmt Commerce has invested 0.49% in The Charles Schwab Corporation (NYSE:SCHW). Aqr Capital Mgmt Ltd Liability has invested 0% of its capital in The Charles Schwab Corporation (NYSE:SCHW). Walleye Trading Lc holds 83,253 shs. Baystate Wealth Limited Co has invested 0.01% of its capital in The Charles Schwab Corporation (NYSE:SCHW). Pinnacle Finance Prns Inc holds 0.03% or 5,678 shs in its capital. Court Place Advsr Lc reported 6,425 shs. Profund Advsrs reported 0.07% in The Charles Schwab Corporation (NYSE:SCHW).

SCHW registered $250.45 million net activity with 0 insider purchases and 41 selling transactions since January 18, 2018. Kallsen Terri R sold 2,026 shs worth $105,236. On Wednesday, March 7 8,046 shs were sold by Craig Jonathan M., worth $436,940. Another trade for 15,000 shs valued at $799,235 was sold by Murtagh Nigel J. On Monday, April 30 $5,629 worth of The Charles Schwab Corporation (NYSE:SCHW) was sold by Chandoha Marie A. 37,330 The Charles Schwab Corporation (NYSE:SCHW) shs with value of $2.13M were sold by Garfield David R. SNEED PAULA A sold $661,156 worth of The Charles Schwab Corporation (NYSE:SCHW) or 12,040 shs on Tuesday, February 27.

Eaton Vance Management upped its holdings by 3.27% in Schwab Charles Corp New (SCHW), according to 2018Q1 Securities and Exchange filling. By buying 239,964 shares Eaton Vance Management made the stock popped up with 6.64%. The investment bankers and brokers and service company announced $395.23M value for the 2018Q1. Now the institutional investor is holding 7.57M shares, compared to the 7.33M from the previous quarter. Schwab Charles Corp New has $72.11 billion market cap. SCHW is touching $53.45 during the last trading session, after increased 0.72%.Currently The Charles Schwab Corporation is uptrending after 45.39% change in last June 27, 2017. SCHW has 1.53 million shares volume. SCHW outperformed by 32.82% the S&P 500.

About $88.88B and $40.48B US Long portfolio Eaton Vance Management manages. It decreased its stake in 3M Co (NYSE:MMM) by 36,239 shares to 1.18M shares, valued at $259.64M in 2018Q1, according to the filing. For a total of 3.20M shares it reduced its holding in Colgate Palmolive Co (NYSE:CL) by 244,146 shares in the quarter, and has cut its stake in Sempra Energy (NYSE:SRE).

Another two news for The Charles Schwab Corporation (NYSE:SCHW) were briefly posted by: Bizjournals.com on June 20, 2018 with title “Exclusive: Fitbit lists major chunk of San Francisco office space for sublease amid hot market”. The other Globenewswire.com‘s article was titled “Detailed Research: Economic Perspectives on Comerica, Vanda Pharmaceuticals, Acadia Healthcare, The Charles …” and posted on June 27, 2018.

The Charles Schwab Corporation (NYSE:SCHW) Ratings Coverage

In total 12 analysts cover Charles Schwab (NYSE:SCHW). “Buy” rating has 5, “Sell” are 1, while 6 are “Hold”. (NYSE:SCHW) has 42% bullish analysts. With $69 highest and $49.0 lowest PT, Charles Schwab has $58.86 average PT or 10.12% above the current ($53.45) price. 27 are the (NYSE:SCHW)’s ratings reports on 27 Jun 2018 according to StockzIntelligence Inc. On Tuesday, April 10 the stock of The Charles Schwab Corporation (NYSE:SCHW) has “Overweight” rating given by Morgan Stanley. On Wednesday, January 17 the stock has “Buy” rating by Sandler O’Neill. On Wednesday, January 3 the firm earned “Market Perform” rating by JMP Securities. On Wednesday, April 11 the rating was maintained by Credit Suisse with “Buy”. On Friday, April 6 the stock of The Charles Schwab Corporation (NYSE:SCHW) earned “Hold” rating by Deutsche Bank. The stock rating was maintained by Jefferies with “Buy” on Friday, April 20. On Tuesday, February 6 the stock of The Charles Schwab Corporation (NYSE:SCHW) earned “Buy” rating by Keefe Bruyette & Woods. On Monday, April 16 the rating was maintained by Keefe Bruyette & Woods with “Buy”. On Wednesday, February 14 SunTrust maintained The Charles Schwab Corporation (NYSE:SCHW) rating. SunTrust has “Buy” rating and $65.0 target. On Wednesday, January 17 the firm has “Buy” rating by Keefe Bruyette & Woods given.

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

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