The Charles Schwab Co. (NYSE:SCHW) to Post Q4 2024 Earnings of $0.86 Per Share, William Blair Forecasts

The Charles Schwab Co. (NYSE:SCHW) – William Blair increased their Q4 2024 earnings per share estimates for shares of Charles Schwab in a report issued on Tuesday, October 15th. William Blair analyst J. Schmitt now forecasts that the financial services provider will post earnings of $0.86 per share for the quarter, up from their previous forecast of $0.85. The consensus estimate for Charles Schwab’s current full-year earnings is $3.06 per share. William Blair also issued estimates for Charles Schwab’s Q1 2026 earnings at $1.09 EPS, Q2 2026 earnings at $1.11 EPS and Q3 2026 earnings at $1.13 EPS.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. Charles Schwab had a return on equity of 18.14% and a net margin of 26.30%. The firm had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.78 billion. During the same quarter in the prior year, the company posted $0.77 earnings per share. Charles Schwab’s quarterly revenue was up 5.2% on a year-over-year basis.

A number of other equities research analysts have also recently weighed in on SCHW. Cowen upped their price target on Charles Schwab from $69.00 to $75.00 and gave the stock a “hold” rating in a report on Tuesday. Keefe, Bruyette & Woods boosted their price objective on shares of Charles Schwab from $76.00 to $81.00 and gave the stock an “outperform” rating in a research report on Wednesday. Jefferies Financial Group dropped their target price on shares of Charles Schwab from $79.00 to $73.00 and set a “buy” rating for the company in a report on Friday, October 4th. StockNews.com raised Charles Schwab from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, Bank of America lowered their target price on shares of Charles Schwab from $63.00 to $61.00 and set an “underperform” rating for the company in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $73.59.

Charles Schwab Stock Up 0.2 %

SCHW stock opened at $72.08 on Thursday. Charles Schwab has a 52 week low of $48.66 and a 52 week high of $79.49. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.65. The company has a market cap of $128.11 billion, a P/E ratio of 30.16, a P/E/G ratio of 1.43 and a beta of 0.97. The company’s 50-day moving average price is $64.61 and its 200 day moving average price is $69.51.

Charles Schwab Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend was Friday, August 9th. Charles Schwab’s dividend payout ratio (DPR) is 41.84%.

Insider Activity

In other news, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $64.05, for a total transaction of $576,450.00. Following the transaction, the director now owns 554,929 shares in the company, valued at $35,543,202.45. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Paul V. Woolway sold 1,150 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $65.20, for a total value of $74,980.00. Following the sale, the insider now directly owns 61,887 shares of the company’s stock, valued at approximately $4,035,032.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Carolyn Schwab-Pomerantz sold 9,000 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $64.05, for a total value of $576,450.00. Following the sale, the director now owns 554,929 shares of the company’s stock, valued at approximately $35,543,202.45. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 98,856 shares of company stock worth $6,398,604 in the last ninety days. Corporate insiders own 6.60% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Trust Co. of Toledo NA OH acquired a new position in Charles Schwab in the 1st quarter valued at approximately $237,000. Massmutual Trust Co. FSB ADV lifted its position in Charles Schwab by 18.3% in the first quarter. Massmutual Trust Co. FSB ADV now owns 4,621 shares of the financial services provider’s stock worth $334,000 after purchasing an additional 716 shares during the period. Collective Family Office LLC boosted its stake in Charles Schwab by 29.3% during the first quarter. Collective Family Office LLC now owns 4,069 shares of the financial services provider’s stock worth $294,000 after buying an additional 923 shares in the last quarter. Fulton Bank N.A. increased its holdings in Charles Schwab by 10.4% in the 1st quarter. Fulton Bank N.A. now owns 8,933 shares of the financial services provider’s stock valued at $646,000 after buying an additional 845 shares during the period. Finally, Wedmont Private Capital raised its stake in shares of Charles Schwab by 12.2% in the 1st quarter. Wedmont Private Capital now owns 13,130 shares of the financial services provider’s stock valued at $949,000 after buying an additional 1,430 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Charles Schwab Company Profile

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.