Charles Schwab Co. (NYSE:SCHW) – Stock analysts at Jefferies Financial Group decreased their FY2019 earnings per share (EPS) estimates for shares of Charles Schwab in a note issued to investors on Sunday, July 7th. Jefferies Financial Group analyst D. Fannon now forecasts that the financial services provider will post earnings per share of $2.75 for the year, down from their prior forecast of $2.83.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Monday, April 15th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.03. Charles Schwab had a net margin of 35.27% and a return on equity of 20.47%. The company had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.67 billion. During the same period last year, the company posted $0.55 EPS. Charles Schwab’s revenue was up 13.6% on a year-over-year basis.

A number of other analysts have also weighed in on SCHW. Citigroup lowered shares of Apergy from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $41.00 to $34.00 in a research note on Tuesday. Compass Point set a $52.00 price objective on shares of E*TRADE Financial and gave the company a “buy” rating in a research note on Tuesday, July 2nd. Deutsche Bank restated a “buy” rating and set a GBX 4,000 ($52.27) price objective on shares of in a research note on Tuesday, June 18th. Morgan Stanley raised their price objective on shares of Visa from $175.00 to $191.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. set a $44.00 price objective on shares of Charles Schwab and gave the company a “buy” rating in a research note on Friday, June 21st. Two analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company. Charles Schwab has an average rating of “Hold” and an average price target of $49.39.

NYSE:SCHW opened at $40.46 on Wednesday. The company has a market cap of $54.55 billion, a price-to-earnings ratio of 16.51, a P/E/G ratio of 1.89 and a beta of 1.24. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.33 and a current ratio of 0.33. Charles Schwab has a fifty-two week low of $37.83 and a fifty-two week high of $54.26. The company’s 50-day moving average price is $41.47.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Northern Trust Corp lifted its holdings in Charles Schwab by 0.3% during the first quarter. Northern Trust Corp now owns 16,708,657 shares of the financial services provider’s stock valued at $714,463,000 after purchasing an additional 52,865 shares in the last quarter. Clearbridge Investments LLC lifted its holdings in Charles Schwab by 24.0% during the first quarter. Clearbridge Investments LLC now owns 14,863,818 shares of the financial services provider’s stock valued at $635,577,000 after purchasing an additional 2,880,846 shares in the last quarter. Harris Associates L P lifted its holdings in Charles Schwab by 197.1% during the fourth quarter. Harris Associates L P now owns 13,940,097 shares of the financial services provider’s stock valued at $578,932,000 after purchasing an additional 9,248,471 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Charles Schwab by 5.9% during the fourth quarter. Geode Capital Management LLC now owns 13,627,245 shares of the financial services provider’s stock valued at $564,801,000 after purchasing an additional 758,069 shares in the last quarter. Finally, Norges Bank purchased a new position in Charles Schwab during the fourth quarter valued at approximately $443,292,000. Institutional investors own 78.92% of the company’s stock.

In other news, Director Stephen T. Mclin sold 4,356 shares of Charles Schwab stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $43.85, for a total value of $191,010.60. Following the completion of the sale, the director now directly owns 7,592 shares in the company, valued at $332,909.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Charles A. Ruffel purchased 2,500 shares of Charles Schwab stock in a transaction dated Friday, May 3rd. The stock was bought at an average price of $46.10 per share, with a total value of $115,250.00. Following the completion of the purchase, the director now directly owns 788 shares of the company’s stock, valued at $36,326.80. The disclosure for this purchase can be found here. Insiders sold 841,576 shares of company stock valued at $38,416,671 over the last quarter. Company insiders own 10.90% of the company’s stock.

About Charles Schwab

The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services, retirement plan services, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor, retirement plan, and mutual fund clearing services.

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Earnings History and Estimates for Charles Schwab (NYSE:SCHW)

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