William Blair Raises Earnings Estimates for Charles Schwab

The Charles Schwab Co. (NYSE:SCHW) – Stock analysts at William Blair upped their Q4 2024 earnings per share (EPS) estimates for Charles Schwab in a research note issued on Tuesday, October 15th. William Blair analyst J. Schmitt now anticipates that the financial services provider will post earnings per share of $0.86 for the quarter, up from their prior forecast of $0.85. The consensus estimate for Charles Schwab’s current full-year earnings is $3.06 per share. William Blair also issued estimates for Charles Schwab’s Q1 2026 earnings at $1.09 EPS, Q2 2026 earnings at $1.11 EPS and Q3 2026 earnings at $1.13 EPS.

Charles Schwab (NYSE:SCHW) last released its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. Charles Schwab had a return on equity of 18.14% and a net margin of 26.30%. The firm had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.78 billion. During the same quarter last year, the company posted $0.77 earnings per share. The business’s revenue was up 5.2% on a year-over-year basis.

SCHW has been the topic of a number of other research reports. Jefferies Financial Group lowered their price objective on Charles Schwab from $79.00 to $73.00 and set a “buy” rating on the stock in a report on Friday, October 4th. Wells Fargo & Company lifted their price objective on Charles Schwab from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Wednesday. JMP Securities boosted their price target on Charles Schwab from $82.00 to $84.00 and gave the company a “market outperform” rating in a report on Wednesday. Raymond James cut their price target on Charles Schwab from $76.00 to $73.00 in a report on Tuesday. Finally, Cowen boosted their price objective on shares of Charles Schwab from $69.00 to $75.00 and gave the company a “hold” rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Charles Schwab has an average rating of “Hold” and a consensus target price of $73.59.

Charles Schwab Price Performance

Shares of SCHW opened at $71.34 on Thursday. Charles Schwab has a twelve month low of $48.66 and a twelve month high of $79.49. The stock’s 50 day moving average is $64.97 and its two-hundred day moving average is $69.52. The firm has a market capitalization of $126.87 billion, a PE ratio of 29.60, a P/E/G ratio of 1.47 and a beta of 0.97. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.65.

Hedge Funds Weigh In On Charles Schwab

Several institutional investors and hedge funds have recently modified their holdings of SCHW. Country Trust Bank acquired a new position in shares of Charles Schwab in the 2nd quarter worth approximately $26,000. American Capital Advisory LLC purchased a new position in shares of Charles Schwab in the 2nd quarter worth about $27,000. Fortitude Family Office LLC lifted its stake in shares of Charles Schwab by 97.5% during the 2nd quarter. Fortitude Family Office LLC now owns 389 shares of the financial services provider’s stock valued at $29,000 after buying an additional 192 shares in the last quarter. CGC Financial Services LLC purchased a new stake in shares of Charles Schwab during the 2nd quarter valued at approximately $29,000. Finally, Mizuho Securities Co. Ltd. purchased a new stake in shares of Charles Schwab during the 2nd quarter valued at approximately $29,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Charles Schwab

In other news, Chairman Charles R. Schwab sold 67,386 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $65.11, for a total value of $4,387,502.46. Following the completion of the transaction, the chairman now owns 60,619,371 shares in the company, valued at $3,946,927,245.81. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Charles Schwab news, Director Carolyn Schwab-Pomerantz sold 29,800 shares of the company’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $72.16, for a total value of $2,150,368.00. Following the transaction, the director now directly owns 551,329 shares in the company, valued at $39,783,900.64. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Charles R. Schwab sold 67,386 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $65.11, for a total transaction of $4,387,502.46. Following the completion of the transaction, the chairman now owns 60,619,371 shares in the company, valued at $3,946,927,245.81. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 182,001 shares of company stock worth $12,512,592. 6.60% of the stock is currently owned by company insiders.

Charles Schwab Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date was Friday, August 9th. Charles Schwab’s dividend payout ratio is currently 41.49%.

Charles Schwab Company Profile

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.