Charles Schwab (SCHW) Projected to Post Earnings on Thursday

Charles Schwab (NYSE:SCHW - Get Free Report) is expected to be issuing its Q1 quarterly earnings data before the market opens on Thursday, April 17th. Analysts expect the company to announce earnings of $1.01 per share and revenue of $5.46 billion for the quarter. Persons that are interested in registering for the company's earnings conference call can do so using this link.

Charles Schwab (NYSE:SCHW - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The financial services provider reported $1.04 EPS for the quarter, beating the consensus estimate of $1.01 by $0.03. The business had revenue of $5.60 billion during the quarter, compared to analysts' expectations of $5.46 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. During the same quarter in the previous year, the business posted $0.74 EPS. On average, analysts expect Charles Schwab to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Charles Schwab Stock Up 1.1 %

NYSE SCHW traded up $0.82 during trading on Thursday, reaching $76.52. The company's stock had a trading volume of 19,270,925 shares, compared to its average volume of 9,294,657. The business has a 50-day moving average price of $77.39 and a 200-day moving average price of $76.32. Charles Schwab has a 1-year low of $61.01 and a 1-year high of $84.50. The stock has a market capitalization of $138.77 billion, a PE ratio of 25.59, a PEG ratio of 0.99 and a beta of 0.91. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59.

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Charles Schwab Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.27 dividend. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Charles Schwab's previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 1.41%. Charles Schwab's dividend payout ratio is currently 36.12%.

Insider Activity

In other Charles Schwab news, insider Paul V. Woolway sold 3,380 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $77.43, for a total transaction of $261,713.40. Following the transaction, the insider now owns 45,824 shares in the company, valued at approximately $3,548,152.32. This trade represents a 6.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Walter W. Bettinger sold 464,629 shares of the company's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $81.91, for a total value of $38,057,761.39. Following the completion of the sale, the chairman now directly owns 827,377 shares of the company's stock, valued at approximately $67,770,450.07. This trade represents a 35.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 513,081 shares of company stock valued at $41,903,066 in the last 90 days. 6.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Charles Schwab

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

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on SCHW shares. JMP Securities decreased their price target on Charles Schwab from $96.00 to $94.00 and set a "market outperform" rating for the company in a research note on Tuesday, April 8th. Morgan Stanley upgraded Charles Schwab from an "equal weight" rating to an "overweight" rating and set a $76.00 price target on the stock in a report on Tuesday, April 8th. JPMorgan Chase & Co. reaffirmed an "outperform" rating and issued a $92.00 price target on shares of Charles Schwab in a research report on Wednesday. JPMorgan analyst Kenneth Worthington reiterated an Overweight rating and $92 target. Ahead of earnings, he highlighted Schwab’s earnings model and positive impact of rising cash allocations. Barclays decreased their target price on Charles Schwab from $96.00 to $84.00 and set an "overweight" rating for the company in a research note on Monday, April 7th. Finally, Wells Fargo & Company dropped their price target on Charles Schwab from $93.00 to $87.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $85.44.

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.