Zacks Research Lifts Earnings Estimates for Charles Schwab

The Charles Schwab Co. (NYSE:SCHW) – Investment analysts at 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 forecasts 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.

Other equities research analysts have also recently issued reports about the stock. Cowen reiterated a “buy” rating on shares of Charles Schwab in a research report on Tuesday, May 20th. Barclays dropped their price target on shares of Charles Schwab from $96.00 to $84.00 and set an “overweight” rating for the company in a research report on Monday, April 7th. Citigroup upgraded Charles Schwab from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $85.00 to $102.00 in a report on Wednesday, April 2nd. Piper Sandler raised their price target on shares of Charles Schwab from $74.00 to $80.00 in a research report on Thursday, April 17th. Finally, TD Securities boosted their price target on shares of Charles Schwab from $95.00 to $113.00 and gave the stock a “buy” rating in a report on Tuesday, May 20th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Charles Schwab has an average rating of “Moderate Buy” and a consensus price target of $89.63.

Charles Schwab Trading Down 0.6%

NYSE SCHW opened at $87.51 on Thursday. The company has a market capitalization of $159.00 billion, a PE ratio of 29.27, a P/E/G ratio of 0.99 and a beta of 0.90. Charles Schwab has a 1 year low of $61.01 and a 1 year high of $89.85. The company has a fifty day moving average of $81.35 and a 200 day moving average of $79.54. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SCHW. Vanguard Group Inc. increased its stake in Charles Schwab by 15.4% during the 1st quarter. Vanguard Group Inc. now owns 148,395,252 shares of the financial services provider’s stock worth $11,616,380,000 after purchasing an additional 19,817,022 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Charles Schwab by 12.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 82,048,984 shares of the financial services provider’s stock valued at $6,422,795,000 after purchasing an additional 8,954,248 shares during the period. Geode Capital Management LLC grew its holdings in shares of Charles Schwab by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 30,901,484 shares of the financial services provider’s stock worth $2,279,742,000 after buying an additional 760,043 shares in the last quarter. Fisher Asset Management LLC raised its position in Charles Schwab by 1.3% in the 4th quarter. Fisher Asset Management LLC now owns 20,455,266 shares of the financial services provider’s stock valued at $1,513,894,000 after buying an additional 265,708 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in Charles Schwab by 10.8% in the 1st quarter. Northern Trust Corp now owns 17,440,301 shares of the financial services provider’s stock valued at $1,365,227,000 after acquiring an additional 1,700,384 shares in the last quarter. 84.38% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, insider Paul V. Woolway sold 3,290 shares of the stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $87.68, for a total value of $288,467.20. Following the sale, the insider now directly owns 39,154 shares in the company, valued at approximately $3,433,022.72. This trade represents a 7.75% decrease in their ownership of the stock. 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 business’s stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $88.46, for a total transaction of $4,201,850.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 97,608 shares of company stock worth $8,392,040. Company insiders own 6.30% of the company’s stock.

Charles Schwab Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were given a $0.27 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a yield of 1.23%. Charles Schwab’s payout ratio is 32.73%.

Charles Schwab Company Profile

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.