Zacks Research Raises Earnings Estimates for Charles Schwab

The Charles Schwab Co. (NYSE:SCHW) – Zacks Research upped their FY2027 earnings per share (EPS) estimates for shares of Charles Schwab in a research note issued on Tuesday, June 3rd. Zacks Research analyst R. Department now expects that the financial services provider will post earnings per share of $5.68 for the year, up from their previous forecast of $5.67. The consensus estimate for Charles Schwab’s current full-year earnings is $4.22 per share.

Several other research firms have also issued reports on SCHW. JPMorgan Chase & Co. upped their price target on shares of Charles Schwab from $92.00 to $95.00 and gave the stock an “overweight” rating in a research report on Monday, April 21st. Morgan Stanley boosted their price objective on shares of Charles Schwab from $76.00 to $83.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 13th. UBS Group raised their target price on shares of Charles Schwab from $95.00 to $96.00 and gave the company a “buy” rating in a research note on Tuesday, April 22nd. Barclays reduced their price target on Charles Schwab from $96.00 to $84.00 and set an “overweight” rating for the company in a report on Monday, April 7th. Finally, The Goldman Sachs Group upgraded Charles Schwab from a “neutral” rating to a “buy” rating and set a $100.00 price objective on the stock in a research note on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $89.63.

Charles Schwab Trading Down 0.6%

NYSE SCHW opened at $87.51 on Thursday. Charles Schwab has a 12 month low of $61.01 and a 12 month high of $89.85. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The stock has a 50 day moving average of $81.35 and a 200-day moving average of $79.54. The company has a market cap of $159.00 billion, a PE ratio of 29.27, a PEG ratio of 0.99 and a beta of 0.90.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, beating the consensus estimate of $1.01 by $0.03. The firm had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.46 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. During the same period in the prior year, the firm posted $0.74 earnings per share.

Charles Schwab Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were issued a dividend of $0.27 per share. The ex-dividend date was Friday, May 9th. This represents a $1.08 annualized dividend and a dividend yield of 1.23%. Charles Schwab’s dividend payout ratio is presently 32.73%.

Insider Activity

In other Charles Schwab news, General Counsel Peter J. Morgan III sold 10,176 shares of the firm’s stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $87.39, for a total transaction of $889,280.64. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jonathan M. Craig sold 47,500 shares of the company’s stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $88.46, for a total value of $4,201,850.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 97,608 shares of company stock worth $8,392,040. Corporate insiders own 6.30% of the company’s stock.

Institutional Investors Weigh In On Charles Schwab

Several institutional investors and hedge funds have recently bought and sold shares of SCHW. Gladstone Institutional Advisory LLC raised its position in shares of Charles Schwab by 2.0% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 6,247 shares of the financial services provider’s stock valued at $462,000 after buying an additional 124 shares in the last quarter. Klingman & Associates LLC increased its stake in Charles Schwab by 3.2% in the fourth quarter. Klingman & Associates LLC now owns 4,083 shares of the financial services provider’s stock valued at $302,000 after acquiring an additional 125 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV raised its position in Charles Schwab by 2.7% during the fourth quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 4,763 shares of the financial services provider’s stock valued at $353,000 after purchasing an additional 127 shares in the last quarter. Sheaff Brock Investment Advisors LLC lifted its stake in Charles Schwab by 1.6% during the first quarter. Sheaff Brock Investment Advisors LLC now owns 7,986 shares of the financial services provider’s stock worth $625,000 after purchasing an additional 129 shares during the last quarter. Finally, Personal CFO Solutions LLC boosted its holdings in shares of Charles Schwab by 1.2% in the 4th quarter. Personal CFO Solutions LLC now owns 11,236 shares of the financial services provider’s stock valued at $832,000 after purchasing an additional 130 shares in the last quarter. Institutional investors own 84.38% of the company’s stock.

About Charles Schwab

The Charles Schwab Corporation, together with its subsidiaries, operates as a savings and loan holding company that provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services in the United States and internationally. The company operates in two segments, Investor Services and Advisor Services.