Q4 2024 EPS Estimates for The Charles Schwab Co. (NYSE:SCHW) Lifted by William Blair

The Charles Schwab Co. (NYSE:SCHW - Free Report) - William Blair increased their Q4 2024 EPS estimates for shares of Charles Schwab in a report released on Wednesday, May 22nd. William Blair analyst J. Schmitt now anticipates that the financial services provider will post earnings per share of $0.99 for the quarter, up from their previous forecast of $0.96. The consensus estimate for Charles Schwab's current full-year earnings is $3.40 per share. William Blair also issued estimates for Charles Schwab's FY2025 earnings at $4.40 EPS.

A number of other analysts have also commented on SCHW. JMP Securities reiterated a "market outperform" rating and issued a $80.00 price objective on shares of Charles Schwab in a research report on Tuesday, April 16th. Piper Sandler increased their price target on Charles Schwab from $75.00 to $78.00 and gave the company an "overweight" rating in a research note on Friday, April 12th. Bank of America increased their target price on Charles Schwab from $68.00 to $70.00 and gave the company an "underperform" rating in a research note on Tuesday, April 16th. JPMorgan Chase & Co. lifted their price objective on shares of Charles Schwab from $86.00 to $89.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 16th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Charles Schwab from $86.00 to $83.00 and set a "buy" rating on the stock in a report on Thursday. Two analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $75.12.

Charles Schwab Trading Down 3.9 %

SCHW traded down $2.93 during mid-day trading on Thursday, reaching $72.34. The stock had a trading volume of 14,673,379 shares, compared to its average volume of 7,615,976. The stock has a market capitalization of $128.57 billion, a P/E ratio of 30.30, a P/E/G ratio of 1.15 and a beta of 0.98. Charles Schwab has a 52 week low of $48.66 and a 52 week high of $79.49. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.42 and a current ratio of 0.42. The firm's fifty day simple moving average is $73.39 and its two-hundred day simple moving average is $67.01.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its quarterly earnings results on Monday, April 15th. The financial services provider reported $0.74 EPS for the quarter, beating the consensus estimate of $0.73 by $0.01. Charles Schwab had a net margin of 26.14% and a return on equity of 19.25%. The business had revenue of $4.74 billion for the quarter, compared to analysts' expectations of $4.71 billion.

Charles Schwab Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.38%. The ex-dividend date is Thursday, May 9th. Charles Schwab's dividend payout ratio (DPR) is 41.84%.

Insiders Place Their Bets

In other Charles Schwab news, insider Jonathan M. Craig sold 4,977 shares of Charles Schwab stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $70.01, for a total value of $348,439.77. Following the completion of the sale, the insider now owns 81,446 shares in the company, valued at approximately $5,702,034.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Peter B. Crawford sold 5,500 shares of the business's stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $65.71, for a total value of $361,405.00. Following the completion of the transaction, the chief financial officer now directly owns 24,111 shares in the company, valued at approximately $1,584,333.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jonathan M. Craig sold 4,977 shares of the business's stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $70.01, for a total transaction of $348,439.77. Following the completion of the transaction, the insider now owns 81,446 shares of the company's stock, valued at $5,702,034.46. The disclosure for this sale can be found here. Insiders sold 622,536 shares of company stock worth $46,208,155 in the last quarter. 6.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Charles Schwab

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BigSur Wealth Management LLC bought a new stake in shares of Charles Schwab during the 1st quarter valued at approximately $723,000. Swedbank AB bought a new stake in Charles Schwab during the 1st quarter worth approximately $40,738,000. Kozak & Associates Inc. lifted its position in shares of Charles Schwab by 5.9% during the 1st quarter. Kozak & Associates Inc. now owns 131,482 shares of the financial services provider's stock valued at $10,261,000 after acquiring an additional 7,296 shares during the period. New Covenant Trust Company N.A. acquired a new position in Charles Schwab during the first quarter worth $78,000. Finally, Plato Investment Management Ltd grew its stake in shares of Charles Schwab by 806.6% in the 1st quarter. Plato Investment Management Ltd now owns 23,898 shares of the financial services provider's stock worth $1,729,000 after acquiring an additional 21,262 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

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.