Charles Schwab (NYSE:SCHW) Announces Quarterly Earnings Results

Charles Schwab (NYSE:SCHW) issued its quarterly earnings data on Tuesday. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.11, Briefing.com reports. Charles Schwab had a net margin of 27.47% and a return on equity of 16.92%. The firm had revenue of $5.33 billion during the quarter, compared to the consensus estimate of $5,190,822.51 billion. During the same period last year, the business posted $0.68 earnings per share. The business’s revenue for the quarter was up 19.5% compared to the same quarter last year.

Charles Schwab Trading Up 7.7 %

NYSE:SCHW traded up $5.87 during mid-day trading on Tuesday, hitting $82.28. 3,278,582 shares of the company’s stock were exchanged, compared to its average volume of 7,842,554. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. Charles Schwab has a fifty-two week low of $61.01 and a fifty-two week high of $83.35. The company has a 50 day simple moving average of $77.65 and a 200-day simple moving average of $70.62. The firm has a market capitalization of $146.43 billion, a P/E ratio of 32.05, a PEG ratio of 1.41 and a beta of 0.99.

Charles Schwab Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were issued a $0.25 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.22%. Charles Schwab’s dividend payout ratio (DPR) is presently 39.06%.

Wall Street Analysts Forecast Growth

SCHW has been the subject of several research reports. Keefe, Bruyette & Woods lifted their price target on Charles Schwab from $81.00 to $93.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. Jefferies Financial Group boosted their target price on shares of Charles Schwab from $84.00 to $94.00 and gave the company a “buy” rating in a research report on Monday, December 9th. StockNews.com raised shares of Charles Schwab from a “sell” rating to a “hold” rating in a research report on Wednesday, October 16th. Citigroup cut their price objective on shares of Charles Schwab from $85.00 to $80.00 and set a “neutral” rating for the company in a report on Friday, January 10th. Finally, Morgan Stanley raised their target price on shares of Charles Schwab from $74.00 to $84.00 and gave the stock an “equal weight” rating in a report on Friday. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Charles Schwab presently has an average rating of “Hold” and an average price target of $81.41.

Insider Activity

In other Charles Schwab news, insider Jonathan S. Beatty sold 2,300 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $82.01, for a total transaction of $188,623.00. Following the completion of the sale, the insider now owns 18,069 shares of the company’s stock, valued at approximately $1,481,838.69. This represents a 11.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Christopher V. Dodds sold 9,284 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $81.43, for a total transaction of $755,996.12. Following the completion of the transaction, the director now owns 442,807 shares in the company, valued at $36,057,774.01. This trade represents a 2.05 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,823 shares of company stock valued at $2,171,194. Insiders own 6.60% of the company’s stock.

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.