Zacks Research Boosts Earnings Estimates for Charles Schwab

The Charles Schwab Co. (NYSE:SCHW - Free Report) - Equities researchers at Zacks Research boosted their FY2027 earnings per share (EPS) estimates for Charles Schwab in a report 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.

SCHW has been the topic of several other research reports. Keefe, Bruyette & Woods lifted their target price on Charles Schwab from $90.00 to $93.00 and gave the company an "outperform" rating in a research note on Tuesday, April 22nd. Citigroup raised Charles Schwab from a "neutral" rating to a "buy" rating and upped their target price for the company from $85.00 to $102.00 in a research note on Wednesday, April 2nd. TD Securities lifted their price objective on shares of Charles Schwab from $95.00 to $113.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. UBS Group increased their price target on Charles Schwab from $95.00 to $96.00 and gave the stock a "buy" rating in a research report on Tuesday, April 22nd. Finally, The Goldman Sachs Group raised shares of Charles Schwab from a "neutral" rating to a "buy" rating and set a $100.00 price objective for the company in a research note on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $89.63.

Charles Schwab Price Performance

Shares of SCHW stock traded down $0.32 on Thursday, hitting $87.17. 6,171,915 shares of the stock traded hands, compared to its average volume of 9,398,846. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. The firm has a 50 day simple moving average of $81.35 and a two-hundred day simple moving average of $79.54. The firm has a market cap of $158.38 billion, a price-to-earnings ratio of 29.15, a PEG ratio of 0.99 and a beta of 0.90. Charles Schwab has a 52 week low of $61.01 and a 52 week high of $89.85.

Charles Schwab (NYSE:SCHW - Get Free Report) last released its earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.03. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The company had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.46 billion. During the same period in the previous year, the business earned $0.74 earnings per share.

Hedge Funds Weigh In On Charles Schwab

Several large investors have recently made changes to their positions in SCHW. Brighton Jones LLC raised its position in Charles Schwab by 380.5% in the fourth quarter. Brighton Jones LLC now owns 24,240 shares of the financial services provider's stock worth $1,794,000 after purchasing an additional 19,195 shares in the last quarter. Optas LLC lifted its position in Charles Schwab by 25.7% during the 4th quarter. Optas LLC now owns 4,708 shares of the financial services provider's stock worth $348,000 after buying an additional 964 shares in the last quarter. Trust Point Inc. grew its stake in shares of Charles Schwab by 18.1% during the fourth quarter. Trust Point Inc. now owns 7,519 shares of the financial services provider's stock valued at $557,000 after purchasing an additional 1,152 shares during the last quarter. Retirement Systems of Alabama increased its stake in shares of Charles Schwab by 5.5% in the 4th quarter. Retirement Systems of Alabama now owns 1,173,108 shares of the financial services provider's stock valued at $86,822,000 after buying an additional 61,353 shares during the period. Finally, Hager Investment Management Services LLC bought a new stake in Charles Schwab during the 4th quarter worth about $1,961,000. Institutional investors and hedge funds own 84.38% of the company's stock.

Insider Activity

In related news, insider Paul V. Woolway sold 8,614 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $80.00, for a total value of $689,120.00. Following the completion of the transaction, the insider now owns 49,204 shares in the company, valued at $3,936,320. This trade represents a 14.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Frank C. Herringer sold 3,592 shares of the stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $74.26, for a total transaction of $266,741.92. Following the completion of the sale, the director now directly owns 172,162 shares of the company's stock, valued at $12,784,750.12. This trade represents a 2.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 97,608 shares of company stock valued at $8,392,040. 6.30% of the stock is currently owned by company insiders.

Charles Schwab Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were paid a $0.27 dividend. The ex-dividend date was Friday, May 9th. This represents a $1.08 dividend on an annualized basis and a yield of 1.24%. Charles Schwab's payout ratio is currently 32.73%.

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.