As Bancolombia Sa (CIB) Shares Rose, Holder Inca Investments Trimmed Position by $2.30 Million; Schwab Charles New (SCHW) Holder Edgewood Management Lifted Position

January 14, 2018 - By Vivian Park

Edgewood Management Llc increased its stake in Schwab Charles Corp New (SCHW) by 8.4% based on its latest 2017Q3 regulatory filing with the SEC. Edgewood Management Llc bought 1.56M shares as the company’s stock declined 7.92% while stock markets rallied. The institutional investor held 20.13 million shares of the investment bankers and brokers and service company at the end of 2017Q3, valued at $880.28 million, up from 18.57M at the end of the previous reported quarter. Edgewood Management Llc who had been investing in Schwab Charles Corp New for a number of months, seems to be bullish on the $74.26 billion market cap company. The stock increased 2.25% or $1.22 during the last trading session, reaching $55.39. About 7.52 million shares traded or 25.25% up from the average. The Charles Schwab Corporation (NYSE:SCHW) has risen 32.11% since January 14, 2017 and is uptrending. It has outperformed by 15.41% the S&P500.

Inca Investments Llc decreased its stake in Bancolombia Sa (CIB) by 3.94% based on its latest 2017Q3 regulatory filing with the SEC. Inca Investments Llc sold 51,191 shares as the company’s stock rose 18.47% with the market. The institutional investor held 1.25M shares of the commercial banks company at the end of 2017Q3, valued at $57.17 million, down from 1.30 million at the end of the previous reported quarter. Inca Investments Llc who had been investing in Bancolombia Sa for a number of months, seems to be less bullish one the $10.47 billion market cap company. The stock increased 1.21% or $0.51 during the last trading session, reaching $42.65. About 129,439 shares traded. Bancolombia S.A. (NYSE:CIB) has risen 27.44% since January 14, 2017 and is uptrending. It has outperformed by 10.74% the S&P500.

Analysts await Bancolombia S.A. (NYSE:CIB) to report earnings on February, 20. CIB’s profit will be $211.06M for 12.40 P/E if the $0.86 EPS becomes a reality. After $0.64 actual EPS reported by Bancolombia S.A. for the previous quarter, Wall Street now forecasts 34.38% EPS growth.

Among 11 analysts covering Bancolombia S.A. (NYSE:CIB), 1 have Buy rating, 4 Sell and 6 Hold. Therefore 9% are positive. Bancolombia S.A. had 22 analyst reports since July 23, 2015 according to SRatingsIntel. The stock has “Neutral” rating by JP Morgan on Wednesday, October 28. The rating was downgraded by Citigroup to “Sell” on Tuesday, January 9. The rating was upgraded by Standpoint Research on Monday, August 17 to “Buy”. The rating was downgraded by Barclays Capital on Thursday, December 3 to “Underweight”. On Monday, May 22 the stock rating was downgraded by Standpoint Research to “Hold”. The rating was upgraded by HSBC on Wednesday, December 16 to “Buy”. The firm earned “Buy” rating on Friday, August 14 by Standpoint Research. JP Morgan upgraded the shares of CIB in report on Thursday, July 23 to “Overweight” rating. The stock of Bancolombia S.A. (NYSE:CIB) has “Neutral” rating given on Thursday, October 6 by Credit Suisse. On Friday, February 24 the stock rating was downgraded by Bank of America to “Underperform”.

Since August 2, 2017, it had 0 buys, and 18 sales for $48.08 million activity. Shares for $293,815 were sold by Chandoha Marie A. Murtagh Nigel J sold $361,194 worth of stock or 8,000 shares. $196,357 worth of The Charles Schwab Corporation (NYSE:SCHW) was sold by Kallsen Terri R on Friday, October 6. 75,244 shares valued at $3.31 million were sold by Clark Bernard J. on Wednesday, September 27. 23,207 shares were sold by BECHTLE NANCY H, worth $998,528 on Monday, August 7.

Among 22 analysts covering Charles Schwab (NYSE:SCHW), 15 have Buy rating, 0 Sell and 7 Hold. Therefore 68% are positive. Charles Schwab had 81 analyst reports since August 11, 2015 according to SRatingsIntel. The firm has “Buy” rating by Citigroup given on Tuesday, November 22. The stock has “Buy” rating by SunTrust on Thursday, December 14. Deutsche Bank maintained the shares of SCHW in report on Wednesday, October 5 with “Buy” rating. Deutsche Bank maintained it with “Buy” rating and $38.0 target in Friday, January 8 report. As per Wednesday, June 14, the company rating was maintained by Keefe Bruyette & Woods. SunTrust upgraded the stock to “Buy” rating in Monday, December 19 report. The stock of The Charles Schwab Corporation (NYSE:SCHW) earned “Overweight” rating by Barclays Capital on Friday, September 8. Keefe Bruyette & Woods maintained The Charles Schwab Corporation (NYSE:SCHW) on Thursday, December 21 with “Buy” rating. Barclays Capital maintained The Charles Schwab Corporation (NYSE:SCHW) on Tuesday, August 9 with “Overweight” rating. The company was maintained on Thursday, April 14 by JP Morgan.

Investors sentiment decreased to 1.03 in 2017 Q3. Its down 0.27, from 1.3 in 2017Q2. It fall, as 41 investors sold SCHW shares while 299 reduced holdings. 75 funds opened positions while 275 raised stakes. 1.04 billion shares or 0.62% less from 1.05 billion shares in 2017Q2 were reported. Citizens Northern Corporation holds 1.41% of its portfolio in The Charles Schwab Corporation (NYSE:SCHW) for 42,223 shares. Employees Retirement Of Texas invested 0.24% of its portfolio in The Charles Schwab Corporation (NYSE:SCHW). Rocky Mountain Advisers Ltd Liability invested in 71 shares. National Pension Service holds 0.24% or 1.01 million shares in its portfolio. Chickasaw Mgmt Ltd Liability holds 0.03% or 28,465 shares. Wafra Advisory Grp Inc New York accumulated 270,320 shares. Whittier Tru Of Nevada Inc holds 0.33% or 81,265 shares in its portfolio. Burt Wealth Advsr invested 0% of its portfolio in The Charles Schwab Corporation (NYSE:SCHW). 184,516 were reported by Tnb. Hl Fincl Serv Ltd Limited Liability Company stated it has 92,799 shares or 0.08% of all its holdings. Hanson Doremus Investment Mngmt has invested 1.87% in The Charles Schwab Corporation (NYSE:SCHW). 2,267 are held by Lenox Wealth Mngmt Inc. Fiera Corporation invested in 0.16% or 752,265 shares. Zevenbergen Capital Limited Liability Co holds 1.94 million shares. Nelson Roberts Advsrs Ltd Liability holds 0.02% or 1,300 shares.

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