Erste Group Bank Forecasts Charles Schwab FY2027 Earnings

The Charles Schwab Corporation (NYSE:SCHW) – Erste Group Bank lowered their FY2027 earnings per share (EPS) estimates for Charles Schwab in a research report issued on Wednesday, October 21st. Erste Group Bank analyst S. Lingnau now expects that the financial services provider will post earnings per share of $7.89 for the year, down from their prior forecast of $7.96. The consensus estimate for Charles Schwab’s current full-year earnings is $6.41 per share.

A number of other equities analysts have also recently commented on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Charles Schwab from $150.00 to $147.00 and set an “overweight” rating for the company in a research report on Friday, October 16th. Compass Point increased their price objective on shares of Charles Schwab from $135.00 to $136.00 and gave the company a “buy” rating in a research report on Tuesday, October 6th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $111.00 target price (up from $109.00) on shares of Charles Schwab in a research note on Friday, October 16th. BMO Capital Markets reduced their target price on shares of Charles Schwab from $105.00 to $97.00 and set a “market perform” rating for the company in a report on Monday, October 19th. Finally, Jefferies Financial Group set a $120.00 target price on shares of Charles Schwab in a report on Friday, October 16th. Eighteen investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $120.18.

Charles Schwab Stock Down 1.1%

SCHW opened at $89.62 on Monday. The stock’s fifty day simple moving average is $102.69 and its 200 day simple moving average is $97.98. Charles Schwab has a 1-year low of $83.96 and a 1-year high of $114.53. The stock has a market cap of $154.99 billion, a PE ratio of 14.78, a price-to-earnings-growth ratio of 0.81 and a beta of 0.79. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.52.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Thursday, October 15th. The financial services provider reported $1.69 EPS for the quarter, topping the consensus estimate of $1.66 by $0.03. The company had revenue of $7.17 billion during the quarter, compared to the consensus estimate of $7.18 billion. Charles Schwab had a return on equity of 25.79% and a net margin of 39.33%. The firm’s revenue for the quarter was up 16.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.31 EPS.

Institutional Trading of Charles Schwab

A number of institutional investors have recently bought and sold shares of the business. Compass Financial Management LLC bought a new stake in shares of Charles Schwab in the second quarter valued at approximately $27,000. Scarborough Advisors LLC acquired a new stake in Charles Schwab during the first quarter worth approximately $29,000. Main Street Group LTD bought a new position in Charles Schwab during the 1st quarter worth $33,000. Mascoma Wealth Management LLC raised its holdings in Charles Schwab by 71.6% in the 3rd quarter. Mascoma Wealth Management LLC now owns 374 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 156 shares in the last quarter. Finally, J.Safra Asset Management Corp bought a new stake in shares of Charles Schwab during the 2nd quarter valued at $39,000. Institutional investors own 84.38% of the company’s stock.

Insider Activity

In related news, insider Jonathan S. Beatty sold 1,000 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $111.33, for a total value of $111,330.00. Following the transaction, the insider directly owned 10,738 shares in the company, valued at approximately $1,195,461.54. This represents a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Nigel J. Murtagh sold 24,778 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $109.01, for a total transaction of $2,701,049.78. Following the completion of the transaction, the insider owned 57,972 shares in the company, valued at $6,319,527.72. This trade represents a 29.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 285,734 shares of company stock worth $32,073,309. Corporate insiders own 6.30% of the company’s stock.

Charles Schwab Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Friday, November 13th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, November 13th. Charles Schwab’s dividend payout ratio is currently 21.84%.

Charles Schwab Company Profile

The Charles Schwab Corporation (NYSE: SCHW) is a financial services company that provides investment, wealth management, banking and related services to individual investors, financial professionals and institutional clients. Through its brokerage business, Schwab offers trading and custody services for stocks, exchange-traded funds, mutual funds, options, fixed-income securities and other investments, along with retirement accounts and investment research tools.

The company also provides advisory and wealth management services, including managed portfolios, financial planning and support for registered investment advisors.