Schwab Charles New (SCHW) Market Value Rose While Odey Asset Management Group LTD Upped Stake; Loews Decreased Holding in Cisco Systems (CSCO) by $1.47 Million as Stock Price Declined

June 17, 2018 - By reb123z

The Charles Schwab Corporation (NYSE:SCHW) Logo

Crispin Odey increased its stake in Schwab Charles Corp New (SCHW) by 3518.55% based on its latest 2018Q1 regulatory filing with the SEC. Odey Asset Management Group Ltd bought 77,408 shares as the company’s stock rose 6.64% while stock markets declined. The hedge fund run by Crispin Odey held 79,608 shares of the investment bankers and brokers and service company at the end of 2018Q1, valued at $4.16M, up from 2,200 at the end of the previous reported quarter. Odey Asset Management Group Ltd who had been investing in Schwab Charles Corp New for a number of months, seems to be bullish on the $75.68B market cap company. The stock decreased 0.92% or $0.52 during the last trading session, reaching $56.09. About 8.37M shares traded or 29.07% up from the average. The Charles Schwab Corporation (NYSE:SCHW) has risen 45.39% since June 17, 2017 and is uptrending. It has outperformed by 32.82% the S&P500. Some Historical SCHW News: 16/04/2018 – Charles Schwab 1Q Rev $2.4B; 14/03/2018 – SCHWAB FEB. NET NEW ASSETS $21.3B :SCHW US; 19/04/2018 – Golf Channel: Sources confirm Charles Schwab to sponsor Colonial event; 25/04/2018 – Charles Schwab CEO Says Won’t Be Leader in Near Term Prices Cuts (Video); 17/04/2018 – Schwab US Dividend Equity ETF Closes Above 50D-MA: Technicals; 11/04/2018 – Schwab US Small-Cap ETF Closes Above 50-Day Moving Average; 14/03/2018 – CHARLES SCHWAB CORP – AVERAGE INTEREST-EARNING ASSETS ON COMPANY’S BALANCE SHEET WERE $239.9 BLN IN FEB, UP 11% FROM FEB 2017; 14/05/2018 – SCHWAB APRIL NET NEW ASSETS $9.9B :SCHW US; 28/03/2018 – Schwab U.S. REIT ETF Closes Above 50-Day Moving Average; 24/04/2018 – Schwab Intelligent Advisory™ Named Winner of a Celent 2018 Model Wealth Manager Award

Loews Corp decreased its stake in Cisco Systems Inc (CSCO) by 6.6% based on its latest 2018Q1 regulatory filing with the SEC. Loews Corp sold 35,000 shares as the company’s stock declined 4.63% with the market. The institutional investor held 495,000 shares of the technology company at the end of 2018Q1, valued at $21.23M, down from 530,000 at the end of the previous reported quarter. Loews Corp who had been investing in Cisco Systems Inc for a number of months, seems to be less bullish one the $208.10B market cap company. The stock decreased 0.98% or $0.44 during the last trading session, reaching $44.25. About 49.38M shares traded or 105.06% up from the average. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 37.60% since June 17, 2017 and is uptrending. It has outperformed by 25.03% the S&P500. Some Historical CSCO News: 08/05/2018 – NetBrain Announces Integration with Cisco ACI to Further Enhance End-to-End Visibility and Automation for Application-Centric; 08/03/2018 – Cisco Disrupts Optical Transport with Innovative Modular Platforms; 16/04/2018 – Gong.io Extends A1 Funding Round With Investment From Cisco Investments; 08/05/2018 – NetBrain Announces Integration with Cisco ACI to Further Enhance End-to-End Visibility and Automation for Application-Centric Networks; 10/05/2018 – Former Cisco CEO John Chambers Joins Bloom Energy Board of Directors; 09/04/2018 – Cisco Continues To Evolve Its Routing Portfolio for Mass-Scale Networking to Meet Carriers’ Needs; 15/05/2018 – Saba Adds Chesapeake Energy, Exits AK Steel, Cuts Cisco: 13F; 07/03/2018 – Cisco Brings Visibility and Insights to lT’s Biggest Blind Spot: The WAN; 19/03/2018 – CED Magazine: Verizon Tests Cisco Open-Source Networking Technology; 16/05/2018 – Cisco Systems Sees Total Pretax Cash Charges of $300M for Restructurin

Among 24 analysts covering Charles Schwab (NYSE:SCHW), 15 have Buy rating, 1 Sell and 8 Hold. Therefore 63% are positive. Charles Schwab had 104 analyst reports since August 11, 2015 according to SRatingsIntel. As per Wednesday, December 27, the company rating was maintained by Suntrust Robinson. The rating was maintained by Morgan Stanley with “Overweight” on Tuesday, April 10. The firm has “Buy” rating by Bank of America given on Thursday, October 13. The stock of The Charles Schwab Corporation (NYSE:SCHW) has “Buy” rating given on Friday, January 8 by Deutsche Bank. The firm earned “Buy” rating on Thursday, June 16 by Deutsche Bank. The rating was downgraded by Deutsche Bank on Tuesday, July 11 to “Hold”. Deutsche Bank maintained The Charles Schwab Corporation (NYSE:SCHW) rating on Friday, September 18. Deutsche Bank has “Buy” rating and $38 target. Jefferies maintained The Charles Schwab Corporation (NYSE:SCHW) rating on Monday, August 14. Jefferies has “Buy” rating and $49.0 target. The company was maintained on Thursday, April 7 by Jefferies. The firm earned “Outperform” rating on Friday, June 16 by William Blair.

Since January 18, 2018, it had 0 insider buys, and 40 insider sales for $250.30 million activity. On Monday, April 23 the insider SCHWAB CHARLES R sold $13.75 million. $264,722 worth of The Charles Schwab Corporation (NYSE:SCHW) was sold by Kallsen Terri R. Another trade for 8,046 shares valued at $436,940 was sold by Craig Jonathan M.. 280,685 shares were sold by MARTINETTO JOSEPH R, worth $15.38M on Friday, April 20. 18,663 shares valued at $1.01 million were sold by MCLIN STEPHEN T on Friday, January 26. $560,026 worth of The Charles Schwab Corporation (NYSE:SCHW) shares were sold by Chandoha Marie A.

More recent The Charles Schwab Corporation (NYSE:SCHW) news were published by: Seekingalpha.com which released: “Stocks To Watch: Focus On E3, IHOP/b And The World Cup” on June 09, 2018. Also Streetinsider.com published the news titled: “Schwab (SCHW) May Total Clients Assets Increase 2% MoM” on June 14, 2018. Seekingalpha.com‘s news article titled: “Cisco Is A High Quality Stock – Cramer’s Lightning Round (6/8/18)” with publication date: June 11, 2018 was also an interesting one.

Investors sentiment decreased to 0.87 in 2018 Q1. Its down 0.28, from 1.15 in 2017Q4. It dived, as 55 investors sold SCHW shares while 335 reduced holdings. 81 funds opened positions while 258 raised stakes. 1.05 billion shares or 0.48% less from 1.05 billion shares in 2017Q4 were reported. Hamilton Point Invest Advisors Lc stated it has 88,210 shares. Allen Inv Mngmt Ltd invested 2.62% of its portfolio in The Charles Schwab Corporation (NYSE:SCHW). The Kentucky-based Field Main Fincl Bank has invested 0.07% in The Charles Schwab Corporation (NYSE:SCHW). The Texas-based Amer Natl Insur Com Tx has invested 0.73% in The Charles Schwab Corporation (NYSE:SCHW). Moreover, Jacobs Levy Equity Mgmt Incorporated has 0.03% invested in The Charles Schwab Corporation (NYSE:SCHW). Fjarde Ap stated it has 0.27% in The Charles Schwab Corporation (NYSE:SCHW). Two Sigma Securities Ltd Liability has invested 0% in The Charles Schwab Corporation (NYSE:SCHW). Kentucky Retirement has 0.28% invested in The Charles Schwab Corporation (NYSE:SCHW). Tocqueville Asset Management Limited Partnership stated it has 184,907 shares. Price T Rowe Md, Maryland-based fund reported 37.05M shares. Guardian Life Insur Of America has 0.03% invested in The Charles Schwab Corporation (NYSE:SCHW). Jfs Wealth Advsrs Lc owns 65 shares or 0% of their US portfolio. Kentucky Retirement Sys Insur Fund has 27,434 shares. New Mexico Educational Retirement Board has 113,737 shares. Pinnacle Advisory invested in 7,780 shares.

Odey Asset Management Group Ltd, which manages about $932.46M US Long portfolio, decreased its stake in Nvidia Corp (NASDAQ:NVDA) by 3,000 shares to 12,110 shares, valued at $2.81 million in 2018Q1, according to the filing. It also reduced its holding in Lam Research Corp (NASDAQ:LRCX) by 36,806 shares in the quarter, leaving it with 6,000 shares, and cut its stake in Alphabet Inc.

Loews Corp, which manages about $14.93B US Long portfolio, upped its stake in Myers Industries Inc (NYSE:MYE) by 183,772 shares to 500,000 shares, valued at $10.58M in 2018Q1, according to the filing. It also increased its holding in Aercap Holdings Nv (NYSE:AER) by 65,000 shares in the quarter, for a total of 365,000 shares, and has risen its stake in Comcast Corp (NASDAQ:CMCSA).

More notable recent Cisco Systems, Inc. (NASDAQ:CSCO) news were published by: Globenewswire.com which released: “Cisco Declares Quarterly Cash Dividend” on May 30, 2018, also Nasdaq.com with their article: “We Could Make 52% From Cisco In 7 Months Or Less” published on June 04, 2018, Nasdaq.com published: “Fortinet Inc Earnings Confirm My Bull Thesis” on June 08, 2018. More interesting news about Cisco Systems, Inc. (NASDAQ:CSCO) were released by: Seekingalpha.com and their article: “Venture Capital Deals Of The Week: Space Catapult Edition” published on June 16, 2018 as well as Nasdaq.com‘s news article titled: “Advanced Micro Devices, Inc. Stock Is Going to Keep Getting Hotter” with publication date: June 08, 2018.

Among 39 analysts covering Cisco Systems Inc. (NASDAQ:CSCO), 29 have Buy rating, 0 Sell and 10 Hold. Therefore 74% are positive. Cisco Systems Inc. had 173 analyst reports since August 4, 2015 according to SRatingsIntel. Deutsche Bank maintained the stock with “Buy” rating in Thursday, February 15 report. The firm earned “Buy” rating on Wednesday, June 14 by Oppenheimer. Deutsche Bank maintained the stock with “Buy” rating in Wednesday, September 14 report. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) has “Buy” rating given on Thursday, June 29 by Robert W. Baird. Barclays Capital maintained Cisco Systems, Inc. (NASDAQ:CSCO) rating on Thursday, August 18. Barclays Capital has “Overweight” rating and $34 target. UBS maintained Cisco Systems, Inc. (NASDAQ:CSCO) rating on Thursday, November 16. UBS has “Buy” rating and $39.0 target. The firm earned “Buy” rating on Monday, August 7 by Robert W. Baird. As per Thursday, May 3, the company rating was initiated by J.P. Morgan. The company was maintained on Thursday, August 18 by JMP Securities. Raymond James maintained Cisco Systems, Inc. (NASDAQ:CSCO) rating on Thursday, November 16. Raymond James has “Buy” rating and $37.0 target.

Analysts await Cisco Systems, Inc. (NASDAQ:CSCO) to report earnings on August, 15. They expect $0.63 earnings per share, up 14.55% or $0.08 from last year’s $0.55 per share. CSCO’s profit will be $2.96B for 17.56 P/E if the $0.63 EPS becomes a reality. After $0.60 actual earnings per share reported by Cisco Systems, Inc. for the previous quarter, Wall Street now forecasts 5.00% EPS growth.

Cisco Systems, Inc. (NASDAQ:CSCO) Institutional Positions Chart

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