The Charles Schwab Corporation (NYSE:SCHW) – SunTrust Banks lifted their Q3 2018 earnings estimates for The Charles Schwab Corporation in a report issued on Tuesday. SunTrust Banks analyst D. Mewhirter now forecasts that the financial services provider will earn $0.50 per share for the quarter, up from their previous estimate of $0.49. SunTrust Banks also issued estimates for The Charles Schwab Corporation’s Q4 2018 earnings at $0.52 EPS and FY2018 earnings at $1.93 EPS.

Several other research firms have also commented on SCHW. BidaskClub lowered shares of The Charles Schwab Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 17th. Jefferies Group LLC reiterated a “buy” rating and issued a $49.00 price objective on shares of The Charles Schwab Corporation in a research note on Friday, September 15th. Morgan Stanley increased their price objective on shares of The Charles Schwab Corporation from $51.00 to $53.00 and gave the company an “overweight” rating in a research note on Thursday, October 5th. Nomura lowered shares of The Charles Schwab Corporation from a “buy” rating to a “neutral” rating in a research note on Monday, July 24th. Finally, Deutsche Bank AG increased their price objective on shares of The Charles Schwab Corporation from $46.00 to $47.00 and gave the company a “hold” rating in a research note on Wednesday, October 25th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $47.07.

TRADEMARK VIOLATION NOTICE: “SunTrust Banks Analysts Lift Earnings Estimates for The Charles Schwab Corporation (SCHW)” was originally published by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another site, it was illegally stolen and reposted in violation of international copyright and trademark law. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2017/11/17/suntrust-banks-analysts-lift-earnings-estimates-for-the-charles-schwab-corporation-schw.html.

The Charles Schwab Corporation (NYSE:SCHW) traded up $0.04 during trading hours on Friday, reaching $44.68. 4,272,456 shares of the company’s stock traded hands, compared to its average volume of 7,058,793. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.30 and a current ratio of 0.31. The stock has a market cap of $59,780.00, a price-to-earnings ratio of 28.58, a price-to-earnings-growth ratio of 1.89 and a beta of 1.74. The Charles Schwab Corporation has a 52-week low of $37.00 and a 52-week high of $46.21.

The Charles Schwab Corporation (NYSE:SCHW) last announced its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.01. The Charles Schwab Corporation had a net margin of 27.30% and a return on equity of 15.77%. The business had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.18 billion. During the same quarter last year, the firm earned $0.35 EPS. The firm’s revenue for the quarter was up 13.1% compared to the same quarter last year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Investors of record on Friday, November 10th will be paid a $0.08 dividend. The ex-dividend date is Thursday, November 9th. This represents a $0.32 dividend on an annualized basis and a yield of 0.72%. The Charles Schwab Corporation’s dividend payout ratio is 20.51%.

In other The Charles Schwab Corporation news, insider Marie A. Chandoha sold 4,500 shares of the firm’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $44.50, for a total value of $200,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Marie A. Chandoha sold 6,018 shares of the firm’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $44.06, for a total transaction of $265,153.08. The disclosure for this sale can be found here. Insiders sold a total of 923,095 shares of company stock valued at $41,179,740 over the last quarter. 12.00% of the stock is owned by company insiders.

Large investors have recently made changes to their positions in the business. WealthTrust Arizona LLC boosted its holdings in The Charles Schwab Corporation by 1.2% in the 2nd quarter. WealthTrust Arizona LLC now owns 2,466 shares of the financial services provider’s stock valued at $106,000 after purchasing an additional 29 shares during the period. Shine Investment Advisory Services Inc. bought a new position in The Charles Schwab Corporation in the 2nd quarter valued at $145,000. Fiduciary Trust Co. bought a new position in The Charles Schwab Corporation in the 2nd quarter valued at $163,000. Zions Bancorporation boosted its holdings in The Charles Schwab Corporation by 1,545.3% in the 3rd quarter. Zions Bancorporation now owns 3,817 shares of the financial services provider’s stock valued at $167,000 after purchasing an additional 3,585 shares during the period. Finally, Quadrant Capital Group LLC boosted its holdings in The Charles Schwab Corporation by 31.4% in the 2nd quarter. Quadrant Capital Group LLC now owns 4,531 shares of the financial services provider’s stock valued at $168,000 after purchasing an additional 1,082 shares during the period. 79.41% of the stock is owned by hedge funds and other institutional investors.

The Charles Schwab Corporation Company Profile

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.

Receive News & Ratings for The Charles Schwab Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Charles Schwab Corporation and related companies with MarketBeat.com's FREE daily email newsletter.