Charles Schwab (SCHW) to Release Earnings on Monday

Charles Schwab (NYSE:SCHW) is scheduled to be releasing its earnings data before the market opens on Monday, April 15th. Analysts expect Charles Schwab to post earnings of $0.74 per share for the quarter.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.04. Charles Schwab had a net margin of 26.90% and a return on equity of 21.33%. The company had revenue of $4.46 billion during the quarter, compared to analyst estimates of $4.49 billion. During the same quarter last year, the business posted $1.07 EPS. Charles Schwab’s quarterly revenue was down 18.9% compared to the same quarter last year. On average, analysts expect Charles Schwab to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Charles Schwab Price Performance

Shares of NYSE SCHW opened at $70.03 on Friday. The firm has a market cap of $124.38 billion, a price-to-earnings ratio of 27.57, a price-to-earnings-growth ratio of 1.07 and a beta of 1.01. The stock has a fifty day simple moving average of $67.57 and a two-hundred day simple moving average of $62.45. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.82. Charles Schwab has a 1-year low of $45.65 and a 1-year high of $72.97.

Charles Schwab Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend was Thursday, February 8th. Charles Schwab’s dividend payout ratio (DPR) is currently 39.37%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Morgan Stanley lifted their price target on Charles Schwab from $65.00 to $71.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. Barclays upped their target price on shares of Charles Schwab from $68.00 to $74.00 and gave the stock an “equal weight” rating in a research report on Monday, April 8th. Piper Sandler raised their price target on Charles Schwab from $75.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday. StockNews.com upgraded Charles Schwab from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. Finally, Raymond James dropped their target price on Charles Schwab from $78.00 to $75.00 and set an “outperform” rating for the company in a research report on Thursday, January 18th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Charles Schwab presently has a consensus rating of “Hold” and an average target price of $72.53.

Insider Activity at Charles Schwab

In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $70.87, for a total transaction of $637,830.00. Following the sale, the director now directly owns 581,457 shares of the company’s stock, valued at $41,207,857.59. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $70.87, for a total value of $637,830.00. Following the sale, the director now directly owns 581,457 shares in the company, valued at $41,207,857.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Peter B. Crawford sold 4,000 shares of the company’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $64.49, for a total transaction of $257,960.00. Following the sale, the chief financial officer now owns 37,611 shares in the company, valued at $2,425,533.39. The disclosure for this sale can be found here. Over the last three months, insiders have sold 216,584 shares of company stock worth $14,200,769. Corporate insiders own 6.60% of the company’s stock.

Institutional Trading of Charles Schwab

Hedge funds have recently modified their holdings of the company. Vontobel Holding Ltd. raised its position in Charles Schwab by 7.5% during the 1st quarter. Vontobel Holding Ltd. now owns 20,822 shares of the financial services provider’s stock worth $1,847,000 after buying an additional 1,452 shares during the last quarter. Moors & Cabot Inc. grew its position in Charles Schwab by 4.3% during the 1st quarter. Moors & Cabot Inc. now owns 6,263 shares of the financial services provider’s stock worth $528,000 after purchasing an additional 259 shares during the period. Sequoia Financial Advisors LLC raised its stake in shares of Charles Schwab by 25.4% during the 1st quarter. Sequoia Financial Advisors LLC now owns 13,064 shares of the financial services provider’s stock valued at $1,101,000 after buying an additional 2,648 shares during the last quarter. Brighton Jones LLC lifted its holdings in shares of Charles Schwab by 7.5% in the 1st quarter. Brighton Jones LLC now owns 3,807 shares of the financial services provider’s stock valued at $321,000 after buying an additional 267 shares during the period. Finally, Covestor Ltd boosted its stake in shares of Charles Schwab by 16.6% in the first quarter. Covestor Ltd now owns 1,239 shares of the financial services provider’s stock worth $104,000 after buying an additional 176 shares during the last quarter. 84.38% of the stock is owned by hedge funds and other institutional investors.

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.