Brokers Issue Forecasts for Charles Schwab FY2027 Earnings

The Charles Schwab Corporation (NYSE:SCHW) – Erste Group Bank dropped their FY2027 earnings estimates for shares of Charles Schwab in a report released on Wednesday, October 21st. Erste Group Bank analyst S. Lingnau now expects that the financial services provider will post earnings of $7.89 per share for the year, down from their previous estimate of $7.96. The consensus estimate for Charles Schwab’s current full-year earnings is $6.41 per share.

SCHW has been the subject of several other reports. Jefferies Financial Group set a $120.00 price target on Charles Schwab in a report on Friday, October 16th. UBS Group lowered their price objective on Charles Schwab from $113.00 to $109.00 and set a “buy” rating on the stock in a research report on Friday, October 16th. Argus lifted their target price on Charles Schwab from $108.00 to $114.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Wells Fargo & Company lowered their price target on shares of Charles Schwab from $105.00 to $103.00 and set an “equal weight” rating on the stock in a research report on Friday, October 16th. Finally, Morgan Stanley dropped their price objective on shares of Charles Schwab from $141.00 to $132.00 and set an “overweight” rating for the company in a research note on Wednesday, October 21st. Eighteen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $120.18.

Charles Schwab Stock Down 0.5%

Charles Schwab stock opened at $89.28 on Monday. Charles Schwab has a 12 month low of $83.96 and a 12 month high of $114.53. The stock’s 50 day moving average is $101.83 and its 200-day moving average is $97.85.

Charles Schwab (NYSE:SCHW) last issued its quarterly earnings data on Thursday, October 15th. The financial services provider reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.03. The company had revenue of $7.17 billion for the quarter, compared to analyst estimates of $7.18 billion. During the same quarter last year, the business earned $1.31 earnings per share. The company’s revenue was up 16.9% on a year-over-year basis.

Institutional Trading of Charles Schwab

Institutional investors and hedge funds have recently made changes to their positions in the company. Peoples Bank KS increased its stake in Charles Schwab by 2.7% in the second quarter. Peoples Bank KS now owns 4,331 shares of the financial services provider’s stock valued at $400,000 after acquiring an additional 113 shares during the last quarter. Crumly & Associates Inc. grew its position in Charles Schwab by 1.1% in the second quarter. Crumly & Associates Inc. now owns 10,479 shares of the financial services provider’s stock valued at $967,000 after acquiring an additional 115 shares during the last quarter. Cypress Capital Group raised its stake in Charles Schwab by 4.2% during the first quarter. Cypress Capital Group now owns 2,945 shares of the financial services provider’s stock worth $277,000 after acquiring an additional 118 shares in the last quarter. Capital Management Associates Inc raised its stake in Charles Schwab by 2.8% during the third quarter. Capital Management Associates Inc now owns 4,429 shares of the financial services provider’s stock worth $433,000 after acquiring an additional 120 shares in the last quarter. Finally, Klingman & Associates LLC raised its stake in Charles Schwab by 1.5% during the first quarter. Klingman & Associates LLC now owns 8,417 shares of the financial services provider’s stock worth $791,000 after acquiring an additional 125 shares in the last quarter. Institutional investors own 84.38% of the company’s stock.

Insider Activity

In related news, insider Nigel Murtagh sold 24,778 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $109.01, for a total value of $2,701,049.78. Following the transaction, the insider owned 57,972 shares in the company, valued at approximately $6,319,527.72. This trade represents a 29.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paula Sneed sold 5,263 shares of the company’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $107.15, for a total transaction of $563,930.45. Following the sale, the director directly owned 91,711 shares of the company’s stock, valued at $9,826,833.65. This represents a 5.43% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 285,734 shares of company stock worth $32,073,309. 6.30% of the stock is owned by insiders.

Charles Schwab Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Friday, November 13th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $1.28 annualized dividend and a yield of 1.4%.

About Charles Schwab

The Charles Schwab Corporation (NYSE: SCHW) is a financial services company that provides investment, wealth management, banking and related services to individual investors, financial professionals and institutional clients. Through its brokerage business, Schwab offers trading and custody services for stocks, exchange-traded funds, mutual funds, options, fixed-income securities and other investments, along with retirement accounts and investment research tools.

The company also provides advisory and wealth management services, including managed portfolios, financial planning and support for registered investment advisors.