Charles Schwab Co. (NYSE:SCHW) – Equities researchers at William Blair dropped their Q3 2019 earnings per share (EPS) estimates for shares of Charles Schwab in a research report issued to clients and investors on Wednesday, July 17th. William Blair analyst C. Shutler now expects that the financial services provider will earn $0.66 per share for the quarter, down from their prior forecast of $0.71. William Blair also issued estimates for Charles Schwab’s FY2019 earnings at $2.68 EPS, Q4 2020 earnings at $0.69 EPS and FY2020 earnings at $2.68 EPS.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.01. Charles Schwab had a net margin of 35.29% and a return on equity of 20.60%. The company had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.68 billion. During the same period in the prior year, the firm earned $0.60 earnings per share. The business’s quarterly revenue was up 7.8% on a year-over-year basis.

A number of other analysts have also commented on SCHW. 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. Deutsche Bank reissued a “buy” rating and issued a GBX 4,000 ($52.27) price target on shares of in a research report on Tuesday, June 18th. ValuEngine lowered shares of Virtu Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, June 18th. Morgan Stanley increased their price target on shares of Visa from $175.00 to $191.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Finally, Citigroup lowered shares of Apergy from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $41.00 to $34.00 in a research report on Tuesday, July 9th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $47.60.

SCHW stock opened at $42.72 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.36. Charles Schwab has a one year low of $37.83 and a one year high of $53.61. The stock has a market capitalization of $55.38 billion, a price-to-earnings ratio of 17.44, a PEG ratio of 4.42 and a beta of 1.23. The firm’s 50-day moving average price is $41.16.

A number of institutional investors and hedge funds have recently modified their holdings of SCHW. IMA Wealth Inc. grew its stake in shares of Charles Schwab by 1.6% in the second quarter. IMA Wealth Inc. now owns 60,679 shares of the financial services provider’s stock worth $2,439,000 after acquiring an additional 961 shares during the last quarter. FDx Advisors Inc. grew its stake in shares of Charles Schwab by 46.9% in the second quarter. FDx Advisors Inc. now owns 31,969 shares of the financial services provider’s stock worth $1,285,000 after acquiring an additional 10,209 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of Charles Schwab by 1,147.7% in the second quarter. Robeco Institutional Asset Management B.V. now owns 648,410 shares of the financial services provider’s stock worth $26,060,000 after acquiring an additional 596,443 shares during the last quarter. Bessemer Group Inc. grew its stake in shares of Charles Schwab by 816.9% in the second quarter. Bessemer Group Inc. now owns 1,139,982 shares of the financial services provider’s stock worth $45,815,000 after acquiring an additional 1,015,649 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in shares of Charles Schwab by 9.2% in the second quarter. Commonwealth Equity Services LLC now owns 70,072 shares of the financial services provider’s stock worth $2,816,000 after acquiring an additional 5,904 shares during the last quarter. 78.70% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Chairman Charles R. Schwab sold 56,280 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $46.27, for a total transaction of $2,604,075.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Charles R. Schwab sold 250,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $45.56, for a total transaction of $11,390,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 814,376 shares of company stock worth $37,150,434. Insiders own 10.90% of the company’s stock.

Charles Schwab Company Profile

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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