Charles Schwab Corp (NYSE:SCHW) – Equities researchers at Jefferies Group lowered their Q1 2018 EPS estimates for Charles Schwab in a report issued on Tuesday. Jefferies Group analyst D. Fannon now expects that the financial services provider will post earnings of $0.51 per share for the quarter, down from their prior estimate of $0.52. Jefferies Group also issued estimates for Charles Schwab’s Q2 2018 earnings at $0.56 EPS, Q3 2018 earnings at $0.60 EPS, Q4 2018 earnings at $0.63 EPS, FY2018 earnings at $2.30 EPS and FY2019 earnings at $2.50 EPS.
Charles Schwab (NYSE:SCHW) last released its earnings results on Wednesday, January 17th. The financial services provider reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. Charles Schwab had a return on equity of 16.31% and a net margin of 27.32%. The company had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter last year, the company earned $0.36 earnings per share. Charles Schwab’s quarterly revenue was up 13.7% compared to the same quarter last year.
Shares of Charles Schwab (NYSE SCHW) opened at $48.90 on Friday. Charles Schwab has a fifty-two week low of $37.16 and a fifty-two week high of $56.25. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.31 and a quick ratio of 0.30. The company has a market capitalization of $69,750.17, a price-to-earnings ratio of 31.73, a price-to-earnings-growth ratio of 1.28 and a beta of 1.63.
Institutional investors have recently bought and sold shares of the stock. Bogart Wealth LLC increased its position in Charles Schwab by 1,100.0% during the 4th 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 purchased a new stake in Charles Schwab in the 4th quarter valued at about $187,000. Zions Bancorporation grew its holdings in Charles Schwab 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 buying an additional 3,585 shares during the period. Fiduciary Trust Co. purchased a new stake in Charles Schwab in the 4th quarter valued at about $208,000. Finally, Lourd Capital LLC purchased a new stake in Charles Schwab in the 4th quarter valued at about $208,000. Hedge funds and other institutional investors own 79.72% of the company’s stock.
In related news, Chairman Charles R. Schwab sold 300,000 shares of Charles Schwab stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $55.31, for a total transaction of $16,593,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Charles R. Schwab sold 350,000 shares of Charles Schwab stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $44.65, for a total value of $15,627,500.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,008,944 shares of company stock valued at $101,205,520. 12.00% of the stock is currently owned by company insiders.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Friday, February 9th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend is Thursday, February 8th. This is a boost from Charles Schwab’s previous quarterly dividend of $0.08. Charles Schwab’s dividend payout ratio (DPR) is currently 19.88%.
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Charles Schwab 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.
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