Charles Schwab Corp (NYSE:SCHW) – Equities researchers at William Blair boosted their Q1 2018 EPS estimates for shares of Charles Schwab in a research note issued to investors on Wednesday. William Blair analyst C. Shutler now forecasts that the financial services provider will post earnings of $0.51 per share for the quarter, up from their prior forecast of $0.41. William Blair also issued estimates for Charles Schwab’s Q2 2018 earnings at $0.59 EPS, Q3 2018 earnings at $0.62 EPS, Q4 2018 earnings at $0.63 EPS, FY2018 earnings at $2.36 EPS and FY2019 earnings at $2.67 EPS.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.01. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.18 billion. Charles Schwab had a net margin of 27.30% and a return on equity of 15.77%. The firm’s quarterly revenue was up 13.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.35 EPS.

Several other research firms also recently commented on SCHW. Credit Suisse Group initiated coverage on shares of Charles Schwab in a report on Thursday, November 30th. They set an “outperform” rating and a $55.00 price objective on the stock. Wells Fargo & Co reaffirmed a “market perform” rating and set a $55.00 price objective (up from $47.00) on shares of Charles Schwab in a report on Thursday, January 4th. Zacks Investment Research raised shares of Charles Schwab from a “hold” rating to a “strong-buy” rating and set a $60.00 price objective on the stock in a report on Friday, January 5th. Barclays upped their price objective on shares of Charles Schwab from $48.00 to $51.00 and gave the company an “overweight” rating in a report on Tuesday, October 10th. Finally, SunTrust Banks upped their price objective on shares of Charles Schwab to $56.00 and gave the company an “average” rating in a report on Friday, December 15th. They noted that the move was a valuation call. Six investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $51.81.

Shares of Charles Schwab (NYSE SCHW) traded up $1.22 during trading hours on Monday, hitting $55.39. 7,515,800 shares of the company were exchanged, compared to its average volume of 6,350,278. The company has a quick ratio of 0.30, a current ratio of 0.31 and a debt-to-equity ratio of 0.21. The stock has a market cap of $74,840.00, a P/E ratio of 35.51, a P/E/G ratio of 1.42 and a beta of 1.75. Charles Schwab has a 52 week low of $37.16 and a 52 week high of $55.52.

Several institutional investors have recently made changes to their positions in the company. Bogart Wealth LLC increased its position in shares of Charles Schwab by 1,100.0% in the fourth quarter. Bogart Wealth LLC now owns 2,040 shares of the financial services provider’s stock worth $105,000 after purchasing an additional 1,870 shares during the last quarter. Zions Bancorporation increased its position in shares of Charles Schwab by 1,545.3% in the third quarter. Zions Bancorporation now owns 3,817 shares of the financial services provider’s stock worth $167,000 after purchasing an additional 3,585 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of Charles Schwab by 31.4% in the second quarter. Quadrant Capital Group LLC now owns 4,531 shares of the financial services provider’s stock worth $168,000 after purchasing an additional 1,082 shares during the last quarter. Frontier Wealth Management LLC bought a new position in shares of Charles Schwab in the second quarter worth approximately $210,000. Finally, Institute for Wealth Management LLC. bought a new position in shares of Charles Schwab in the second quarter worth approximately $222,000. 79.59% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Walter W. Bettinger purchased 72,510 shares of the stock in a transaction dated Tuesday, November 7th. The shares were purchased at an average cost of $27.21 per share, with a total value of $1,972,997.10. Following the completion of the acquisition, the insider now owns 41,330 shares in the company, valued at approximately $1,124,589.30. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Bernard J. Clark sold 50,444 shares of the stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $50.52, for a total transaction of $2,548,430.88. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,658,531 shares of company stock worth $77,397,901. Insiders own 12.00% of the company’s stock.

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About Charles Schwab

The Charles Schwab Corporation (CSC) is a savings and loan holding company. The Company, through its subsidiaries, engages in wealth management, securities brokerage, banking, money management and financial advisory services. The Company provides financial services to individuals and institutional clients through two segments: Investor Services and Advisor Services.

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