William Blair Research Analysts Decrease Earnings Estimates for Charles Schwab Co. (SCHW)

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Charles Schwab Co. (NYSE:SCHW) – William Blair decreased their FY2018 earnings per share (EPS) estimates for shares of Charles Schwab in a research note issued to investors on Thursday, January 10th. William Blair analyst C. Shutler now forecasts that the financial services provider will post earnings per share of $2.45 for the year, down from their previous forecast of $2.48. William Blair also issued estimates for Charles Schwab’s Q4 2018 earnings at $0.65 EPS, Q3 2019 earnings at $0.74 EPS, FY2019 earnings at $2.85 EPS and FY2020 earnings at $3.08 EPS.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings results on Monday, October 15th. The financial services provider reported $0.65 EPS for the quarter, hitting the consensus estimate of $0.65. Charles Schwab had a net margin of 32.65% and a return on equity of 19.02%. The firm had revenue of $2.58 billion for the quarter, compared to analysts’ expectations of $2.58 billion. During the same period in the previous year, the business earned $0.42 earnings per share. Charles Schwab’s revenue for the quarter was up 19.1% compared to the same quarter last year.

Several other brokerages have also recently commented on SCHW. Morgan Stanley boosted their price target on shares of Charles Schwab from $65.00 to $66.00 and gave the stock a “buy” rating in a research report on Tuesday, October 9th. Wolfe Research began coverage on shares of Charles Schwab in a research report on Tuesday, September 25th. They issued an “underperform” rating on the stock. Zacks Investment Research upgraded shares of Charles Schwab from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research report on Wednesday, October 3rd. UBS Group cut shares of Charles Schwab from a “buy” rating to a “neutral” rating in a research report on Monday, November 19th. Finally, Barclays dropped their price target on shares of Charles Schwab from $65.00 to $57.00 and set an “overweight” rating on the stock in a research report on Monday, October 22nd. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $54.87.

Shares of Charles Schwab stock opened at $43.71 on Friday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.32. Charles Schwab has a 52 week low of $37.83 and a 52 week high of $60.22. The stock has a market capitalization of $59.19 billion, a price-to-earnings ratio of 26.65, a price-to-earnings-growth ratio of 0.96 and a beta of 1.35.

Charles Schwab announced that its Board of Directors has approved a stock buyback plan on Thursday, October 25th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the financial services provider to buy up to 1.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

In other Charles Schwab news, EVP Jonathan M. Craig sold 2,629 shares of Charles Schwab stock in a transaction dated Monday, October 15th. The stock was sold at an average price of $48.84, for a total transaction of $128,400.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman Charles R. Schwab sold 383,000 shares of Charles Schwab stock in a transaction dated Thursday, November 15th. The shares were sold at an average price of $46.97, for a total value of $17,989,510.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 411,366 shares of company stock worth $19,333,819. Corporate insiders own 11.50% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Waldron Private Wealth LLC grew its stake in Charles Schwab by 5.4% during the 3rd quarter. Waldron Private Wealth LLC now owns 8,245 shares of the financial services provider’s stock valued at $405,000 after acquiring an additional 422 shares in the last quarter. Avitas Wealth Management LLC grew its stake in Charles Schwab by 9.1% during the 3rd quarter. Avitas Wealth Management LLC now owns 12,756 shares of the financial services provider’s stock valued at $627,000 after acquiring an additional 1,061 shares in the last quarter. HCR Wealth Advisors grew its stake in Charles Schwab by 2.9% during the 3rd quarter. HCR Wealth Advisors now owns 38,224 shares of the financial services provider’s stock valued at $1,730,000 after acquiring an additional 1,081 shares in the last quarter. Gs Investments Inc. grew its stake in Charles Schwab by 2.2% during the 3rd quarter. Gs Investments Inc. now owns 50,805 shares of the financial services provider’s stock valued at $2,497,000 after acquiring an additional 1,090 shares in the last quarter. Finally, Tower Bridge Advisors grew its stake in shares of Charles Schwab by 0.5% in the 3rd quarter. Tower Bridge Advisors now owns 244,541 shares of the financial services provider’s stock valued at $12,019,000 after buying an additional 1,127 shares in the last quarter. 79.52% of the stock is currently owned by institutional investors.

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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