Charles Schwab (NYSE:SCHW) Releases Earnings Results, Beats Expectations By $0.03 EPS

Charles Schwab (NYSE:SCHW - Get Free Report) issued its quarterly earnings data on Thursday. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.03, RTT News reports. The company had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.46 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. During the same period last year, the company posted $0.74 earnings per share.

Charles Schwab Stock Performance

Shares of SCHW traded up $0.88 during trading hours on Tuesday, hitting $75.83. The stock had a trading volume of 3,207,834 shares, compared to its average volume of 9,290,782. The firm has a market capitalization of $137.52 billion, a price-to-earnings ratio of 25.34, a PEG ratio of 0.99 and a beta of 0.91. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.47. The firm has a 50-day moving average price of $77.02 and a 200 day moving average price of $76.74. Charles Schwab has a fifty-two week low of $61.01 and a fifty-two week high of $84.50.

Charles Schwab Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.42%. This is a positive change from Charles Schwab's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, February 14th. Charles Schwab's payout ratio is 36.12%.

Insider Buying and Selling at Charles Schwab

In other news, insider Paul V. Woolway sold 3,380 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $79.32, for a total transaction of $268,101.60. Following the completion of the transaction, the insider now directly owns 57,818 shares of the company's stock, valued at $4,586,123.76. This represents a 5.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Peter J. Morgan III sold 14,643 shares of the business's stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $80.70, for a total transaction of $1,181,690.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 513,081 shares of company stock valued at $41,903,066. Corporate insiders own 6.30% of the company's stock.

Institutional Investors Weigh In On Charles Schwab

An institutional investor recently raised its position in Charles Schwab stock. Brighton Jones LLC grew its position in The Charles Schwab Co. (NYSE:SCHW - Free Report) by 380.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,240 shares of the financial services provider's stock after acquiring an additional 19,195 shares during the quarter. Brighton Jones LLC's holdings in Charles Schwab were worth $1,794,000 as of its most recent SEC filing. Institutional investors and hedge funds own 84.38% of the company's stock.

Analysts Set New Price Targets

SCHW has been the subject of a number of analyst reports. Citigroup upgraded Charles Schwab from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $85.00 to $102.00 in a research note on Wednesday, April 2nd. Truist Financial decreased their price target on shares of Charles Schwab from $85.00 to $84.00 and set a "buy" rating for the company in a research report on Monday. JPMorgan Chase & Co. boosted their price objective on shares of Charles Schwab from $92.00 to $95.00 and gave the stock an "overweight" rating in a research note on Monday. JMP Securities restated a "market outperform" rating and issued a $94.00 target price on shares of Charles Schwab in a research note on Monday. Finally, Barclays reduced their price target on Charles Schwab from $96.00 to $84.00 and set an "overweight" rating on the stock in a research report on Monday, April 7th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, Charles Schwab presently has a consensus rating of "Moderate Buy" and a consensus target price of $85.72.

About Charles Schwab

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.