William Blair Weighs in on Charles Schwab Corp’s FY2017 Earnings (SCHW)
Charles Schwab Corp (NYSE:SCHW) – Stock analysts at William Blair decreased their FY2017 earnings per share estimates for shares of Charles Schwab in a research note issued to investors on Wednesday. William Blair analyst C. Shutler now expects that the financial services provider will post earnings per share of $1.60 for the year, down from their prior forecast of $1.62. William Blair also issued estimates for Charles Schwab’s Q4 2017 earnings at $0.40 EPS.
Charles Schwab (NYSE:SCHW) last issued its earnings results on Wednesday, October 18th. The financial services provider reported $0.42 EPS for the quarter, topping the consensus estimate of $0.41 by $0.01. The company had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.18 billion. Charles Schwab had a return on equity of 15.77% and a net margin of 27.30%. The business’s revenue was up 13.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.35 EPS.
Several other research analysts have also commented on SCHW. BidaskClub upgraded Charles Schwab from a “strong sell” rating to a “sell” rating in a research report on Saturday, September 16th. Jefferies Group reiterated a “buy” rating and issued a $49.00 target price on shares of Charles Schwab in a research report on Friday, September 15th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $47.00 target price on shares of Charles Schwab in a research report on Friday, September 15th. Morgan Stanley lifted their target price on Charles Schwab from $51.00 to $53.00 and gave the stock an “overweight” rating in a research report on Thursday, October 5th. Finally, Barclays raised their price target on Charles Schwab from $48.00 to $51.00 and gave the stock an “overweight” rating in a report on Tuesday, October 10th. Six investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $51.25.
Charles Schwab (NYSE SCHW) opened at $54.17 on Friday. The company has a market capitalization of $72,540.00, a P/E ratio of 34.72, a PEG ratio of 1.30 and a beta of 1.75. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.31 and a quick ratio of 0.30. Charles Schwab has a 12-month low of $37.16 and a 12-month high of $54.47.
Institutional investors have recently made changes to their positions in the business. Bogart Wealth LLC raised its stake in Charles Schwab by 1,100.0% during the 4th quarter. Bogart Wealth LLC now owns 2,040 shares of the financial services provider’s stock valued at $105,000 after acquiring an additional 1,870 shares in the last quarter. Zions Bancorporation raised its stake in shares of Charles Schwab by 1,545.3% in the 3rd quarter. Zions Bancorporation now owns 3,817 shares of the financial services provider’s stock worth $167,000 after buying an additional 3,585 shares in the last quarter. Fruth Investment Management bought a new stake in shares of Charles Schwab in the 4th quarter worth $226,000. Quadrant Capital Group LLC raised its stake in shares of Charles Schwab by 31.4% in the 2nd quarter. Quadrant Capital Group LLC now owns 4,531 shares of the financial services provider’s stock worth $168,000 after buying an additional 1,082 shares in the last quarter. Finally, Frontier Wealth Management LLC bought a new stake in shares of Charles Schwab in the 2nd quarter worth $210,000. 79.54% of the stock is currently owned by hedge funds and other institutional investors.
In other Charles Schwab news, Chairman Charles R. Schwab sold 225,000 shares of Charles Schwab stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $44.89, for a total transaction of $10,100,250.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Bernard J. Clark sold 50,444 shares of Charles Schwab stock in a transaction on Monday, December 4th. The shares were sold at an average price of $50.52, for a total value of $2,548,430.88. The disclosure for this sale can be found here. In the last three months, insiders sold 1,658,531 shares of company stock worth $77,397,901. Company insiders own 12.00% of the company’s stock.
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About Charles Schwab
The Charles Schwab Corporation (CSC) is a savings and loan holding company. The Company, through its subsidiaries, engages in wealth management, securities brokerage, banking, money management and financial advisory services. The Company provides financial services to individuals and institutional clients through two segments: Investor Services and Advisor Services.
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