Charles Schwab (NYSE:SCHW) Announces Quarterly Earnings Results

Charles Schwab (NYSE:SCHWGet Rating) announced its quarterly earnings data on Monday. The financial services provider reported $0.77 EPS for the quarter, missing the Zacks’ consensus estimate of $0.84 by ($0.07), reports. The firm had revenue of $4.67 billion during the quarter, compared to analysts’ expectations of $4.82 billion. Charles Schwab had a net margin of 31.61% and a return on equity of 14.04%. The company’s revenue for the quarter was down .9% on a year-over-year basis. During the same period in the prior year, the company posted $0.84 earnings per share.

Shares of SCHW traded down $8.04 on Monday, reaching $74.71. The stock had a trading volume of 413,629 shares, compared to its average volume of 8,439,266. The firm has a 50-day moving average of $85.23 and a 200 day moving average of $84.23. The firm has a market capitalization of $135.67 billion, a PE ratio of 26.63, a PEG ratio of 0.82 and a beta of 1.00. Charles Schwab has a twelve month low of $63.46 and a twelve month high of $96.24. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.41.

The business also recently declared a quarterly dividend, which was paid on Friday, February 25th. Stockholders of record on Friday, February 11th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.07%. This is an increase from Charles Schwab’s previous quarterly dividend of $0.18. The ex-dividend date was Thursday, February 10th. Charles Schwab’s dividend payout ratio (DPR) is presently 28.37%.

In related news, EVP Jonathan M. Craig sold 4,016 shares of the stock in a transaction on Thursday, April 7th. The stock was sold at an average price of $80.02, for a total transaction of $321,360.32. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Charles R. Schwab sold 30,873 shares of the company’s stock in a transaction dated Thursday, February 10th. The shares were sold at an average price of $95.50, for a total transaction of $2,948,371.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 574,625 shares of company stock worth $51,649,366. 6.90% of the stock is owned by company insiders.

Several institutional investors have recently modified their holdings of the business. Marshall Wace LLP acquired a new position in shares of Charles Schwab during the 4th quarter valued at about $7,721,000. NewEdge Advisors LLC grew its holdings in Charles Schwab by 21.3% in the fourth quarter. NewEdge Advisors LLC now owns 56,366 shares of the financial services provider’s stock valued at $4,741,000 after purchasing an additional 9,910 shares during the period. Advisors Asset Management Inc. increased its position in Charles Schwab by 11.7% during the fourth quarter. Advisors Asset Management Inc. now owns 43,970 shares of the financial services provider’s stock worth $3,698,000 after purchasing an additional 4,623 shares during the last quarter. Virtu Financial LLC purchased a new position in Charles Schwab during the fourth quarter worth approximately $307,000. Finally, Integrated Wealth Concepts LLC boosted its holdings in shares of Charles Schwab by 75.2% in the 4th quarter. Integrated Wealth Concepts LLC now owns 7,342 shares of the financial services provider’s stock valued at $617,000 after purchasing an additional 3,151 shares during the last quarter. 71.58% of the stock is currently owned by institutional investors.

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. reduced their price target on shares of Charles Schwab from $107.00 to $101.00 in a research report on Thursday. Citigroup lowered their price target on Charles Schwab from $99.00 to $97.00 and set a “buy” rating on the stock in a report on Thursday. Piper Sandler upped their price target on shares of Charles Schwab from $90.00 to $100.00 in a report on Monday, January 10th. initiated coverage on shares of Charles Schwab in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Charles Schwab from $120.00 to $114.00 and set a “buy” rating for the company in a research report on Thursday, April 7th. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, Charles Schwab currently has a consensus rating of “Buy” and an average price target of $95.47.

About Charles Schwab (Get Rating)

The Charles Schwab Corporation, together with its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates in two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage, investment advisory, banking and trust, retirement plan, 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 and mutual fund clearing services, as well as compliance solutions.

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Earnings History for Charles Schwab (NYSE:SCHW)

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