Captrust Financial Advisors Purchases Shares of 6,312 Charles Schwab Co. (SCHW)

Captrust Financial Advisors acquired a new position in Charles Schwab Co. (NYSE:SCHW) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 6,312 shares of the financial services provider’s stock, valued at approximately $324,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. raised its stake in shares of Charles Schwab by 5.2% in the 4th quarter. BlackRock Inc. now owns 79,858,312 shares of the financial services provider’s stock worth $4,102,323,000 after buying an additional 3,943,376 shares in the last quarter. Edgewood Management LLC raised its stake in shares of Charles Schwab by 8.4% in the 3rd quarter. Edgewood Management LLC now owns 20,125,345 shares of the financial services provider’s stock worth $880,283,000 after buying an additional 1,559,733 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Charles Schwab by 0.5% in the 4th quarter. Bank of New York Mellon Corp now owns 13,721,562 shares of the financial services provider’s stock worth $704,877,000 after buying an additional 65,464 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Charles Schwab by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 11,354,301 shares of the financial services provider’s stock worth $581,904,000 after buying an additional 280,153 shares in the last quarter. Finally, Jackson Square Partners LLC raised its stake in shares of Charles Schwab by 13.8% in the 3rd quarter. Jackson Square Partners LLC now owns 10,807,952 shares of the financial services provider’s stock worth $472,739,000 after buying an additional 1,307,627 shares in the last quarter. 80.56% of the stock is currently owned by institutional investors.

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Shares of SCHW stock traded down $2.24 on Friday, reaching $50.11. 8,171,377 shares of the company’s stock traded hands, compared to its average volume of 6,773,011. Charles Schwab Co. has a 12-month low of $37.16 and a 12-month high of $58.11. The company has a current ratio of 0.31, a quick ratio of 0.30 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $70,487.85, a price-to-earnings ratio of 30.55, a P/E/G ratio of 1.28 and a beta of 1.55.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. Charles Schwab had a return on equity of 16.03% and a net margin of 27.32%. The business had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter in the previous year, the company posted $0.36 earnings per share. Charles Schwab’s revenue for the quarter was up 13.7% compared to the same quarter last year. sell-side analysts predict that Charles Schwab Co. will post 2.4 EPS for the current year.

In other Charles Schwab news, Chairman Charles R. Schwab sold 300,000 shares of the business’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $55.31, for a total value of $16,593,000.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Charles R. Schwab sold 240,000 shares of the business’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $55.13, for a total value of $13,231,200.00. The disclosure for this sale can be found here. Insiders have sold 920,225 shares of company stock worth $50,239,974 in the last quarter. 12.00% of the stock is currently owned by corporate insiders.

A number of research firms have recently commented on SCHW. Deutsche Bank dropped their price objective on Charles Schwab from $55.00 to $54.00 and set a “hold” rating on the stock in a research note on Friday. Zacks Investment Research cut Charles Schwab from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. SunTrust Banks restated a “buy” rating on shares of Charles Schwab in a report on Wednesday, February 14th. Credit Suisse Group decreased their target price on Charles Schwab from $70.00 to $69.00 and set an “outperform” rating on the stock in a report on Wednesday, February 7th. Finally, Citigroup cut Charles Schwab from a “neutral” rating to a “sell” rating and set a $49.00 target price on the stock. in a report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. Charles Schwab currently has an average rating of “Hold” and a consensus target price of $55.14.

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Charles Schwab Company Profile

The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services, retirement plan services, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor, retirement plan, and mutual fund clearing services.

Institutional Ownership by Quarter for Charles Schwab (NYSE:SCHW)

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