Charles Schwab Corp (NYSE:SCHW) – Equities research analysts at SunTrust Banks increased their Q3 2018 earnings per share estimates for Charles Schwab in a research note issued to investors on Thursday. SunTrust Banks analyst D. Mewhirter now forecasts that the financial services provider will earn $0.62 per share for the quarter, up from their prior estimate of $0.61. SunTrust Banks currently has a “Buy” rating and a $63.00 target price on the stock. SunTrust Banks also issued estimates for Charles Schwab’s Q1 2019 earnings at $0.64 EPS, Q2 2019 earnings at $0.69 EPS, Q3 2019 earnings at $0.74 EPS, Q4 2019 earnings at $0.74 EPS and FY2019 earnings at $2.82 EPS.
Charles Schwab (NYSE:SCHW) last issued its earnings results on Wednesday, January 17th. The financial services provider reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.03. The business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.24 billion. Charles Schwab had a return on equity of 16.31% and a net margin of 27.32%. The business’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period last year, the company posted $0.36 EPS.
Shares of Charles Schwab (NYSE:SCHW) traded down $0.76 on Friday, hitting $55.33. The company had a trading volume of 5,837,200 shares, compared to its average volume of 6,722,342. 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 $74,140.00, a price-to-earnings ratio of 34.37, a P/E/G ratio of 1.40 and a beta of 1.75. Charles Schwab has a twelve month low of $37.16 and a twelve month high of $56.25.
In other news, EVP Terri R. Kallsen sold 815 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $43.97, for a total transaction of $35,835.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Charles R. Schwab sold 225,000 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $44.89, for a total value of $10,100,250.00. The disclosure for this sale can be found here. Insiders have sold 1,958,531 shares of company stock valued at $93,990,901 over the last 90 days. Insiders own 12.00% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Bogart Wealth LLC grew its stake in 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 in the last quarter. Acadian Asset Management LLC acquired a new position in Charles Schwab in the fourth quarter worth about $187,000. Zions Bancorporation grew its stake in 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 in the last quarter. BLB&B Advisors LLC acquired a new position in Charles Schwab in the fourth quarter worth about $220,000. Finally, Fruth Investment Management acquired a new position in Charles Schwab in the fourth quarter worth about $226,000. Institutional investors own 79.59% 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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