Charles Schwab (NYSE:SCHW) Releases Earnings Results

Charles Schwab (NYSE:SCHW) issued its quarterly earnings data on Wednesday. The financial services provider reported $1.39 EPS for the quarter, beating the consensus estimate of $1.32 by $0.07, Zacks reports. Charles Schwab had a net margin of 35.93% and a return on equity of 21.02%.

Charles Schwab Price Performance

NYSE SCHW opened at $100.98 on Wednesday. The stock has a market capitalization of $179.44 billion, a price-to-earnings ratio of 23.65, a PEG ratio of 0.71 and a beta of 0.94. Charles Schwab has a 1-year low of $65.88 and a 1-year high of $104.98. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.58 and a quick ratio of 0.58. The business’s fifty day moving average price is $97.42 and its 200-day moving average price is $95.70.

Charles Schwab Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 14th were paid a dividend of $0.27 per share. The ex-dividend date was Friday, November 14th. This represents a $1.08 dividend on an annualized basis and a yield of 1.1%. Charles Schwab’s payout ratio is currently 25.29%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on SCHW shares. BMO Capital Markets initiated coverage on shares of Charles Schwab in a research report on Friday, October 3rd. They set an “outperform” rating and a $110.00 price objective on the stock. Truist Financial raised their price objective on shares of Charles Schwab from $113.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, January 7th. JPMorgan Chase & Co. upped their target price on Charles Schwab from $119.00 to $121.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Charles Schwab from $119.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, October 17th. Finally, TD Cowen increased their price objective on shares of Charles Schwab from $134.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $114.45.

Insider Buying and Selling

In related news, insider Jonathan S. Beatty sold 2,000 shares of the company’s stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $102.01, for a total transaction of $204,020.00. Following the completion of the sale, the insider owned 11,923 shares in the company, valued at approximately $1,216,265.23. This represents a 14.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 6.30% of the company’s stock.

Institutional Investors Weigh In On Charles Schwab

Large investors have recently made changes to their positions in the company. Newbridge Financial Services Group Inc. lifted its stake in shares of Charles Schwab by 233.6% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 357 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 250 shares during the period. Caitong International Asset Management Co. Ltd raised its position in Charles Schwab by 910.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 404 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 364 shares during the period. Wealth Watch Advisors INC purchased a new position in shares of Charles Schwab during the 3rd quarter worth $45,000. Imprint Wealth LLC purchased a new stake in shares of Charles Schwab in the 3rd quarter worth $46,000. Finally, Wiser Advisor Group LLC bought a new position in Charles Schwab in the 3rd quarter worth $51,000. 84.38% of the stock is currently owned by institutional investors.

About Charles Schwab

Charles Schwab Corporation (NYSE: SCHW) is a diversified financial services firm that provides brokerage, banking, wealth management and advisory services to individual investors, independent investment advisors and institutional clients. Its primary offerings include retail brokerage accounts, online trading platforms, Schwab-branded mutual funds and exchange-traded funds (ETFs), retirement plan services, custodial services for independent Registered Investment Advisors (RIAs), and banking products through Charles Schwab Bank.