The Charles Schwab Corporation $SCHW Shares Sold by Provident Trust Co.

Key Points

• Provident Trust Co. cut its position in The Charles Schwab Corporation by 4.7% in Q4, selling 213,433 shares and now holds 4,374,174 shares (~$437 million), making Schwab its 5th largest holding (7.3% of the fund).
• Significant insider selling: insiders have sold 471,268 shares worth $48.1 million in the past 90 days (including directors Christopher V. Dodds and Paul V. Woolway), leaving insiders with 6.30% ownership.
• Strong fundamentals and capital returns: Schwab beat quarterly EPS and posted 15.8% revenue growth, set FY2026 guidance of $5.70–$5.80 EPS, announced a $0.32 quarterly dividend (ex‑div May 8) and has repurchased about $4.58 billion of stock, while analysts carry a "Moderate Buy" consensus with a $114 target.

Provident Trust Co. decreased its position in The Charles Schwab Corporation (NYSE:SCHW - Free Report) by 4.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,374,174 shares of the financial services provider's stock after selling 213,433 shares during the quarter. Charles Schwab comprises about 7.3% of Provident Trust Co.'s holdings, making the stock its 5th largest position. Provident Trust Co. owned 0.25% of Charles Schwab worth $437,024,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in SCHW. Primecap Management Co. CA raised its stake in Charles Schwab by 11.4% in the 3rd quarter. Primecap Management Co. CA now owns 21,209,187 shares of the financial services provider's stock valued at $2,024,841,000 after purchasing an additional 2,174,381 shares during the last quarter. Mondrian Investment Partners LTD acquired a new position in Charles Schwab in the 3rd quarter valued at about $169,104,000. First Trust Advisors LP raised its stake in Charles Schwab by 292.7% in the 3rd quarter. First Trust Advisors LP now owns 2,206,320 shares of the financial services provider's stock valued at $210,637,000 after purchasing an additional 1,644,503 shares during the last quarter. Danske Bank A S acquired a new position in Charles Schwab in the 3rd quarter valued at about $142,594,000. Finally, Amundi raised its stake in Charles Schwab by 21.6% in the 3rd quarter. Amundi now owns 6,982,838 shares of the financial services provider's stock valued at $656,387,000 after purchasing an additional 1,238,813 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company's stock.

Key Stories Impacting Charles Schwab

Here are the key news stories impacting Charles Schwab this week:

• Positive Sentiment: Erste Group raised forward earnings estimates for Schwab, boosting FY2027 EPS expectations and supporting a stronger forward earnings outlook that can underpin valuation. Erste Group estimate notes
• Positive Sentiment: Capital returns remain meaningful — Schwab’s recent large share repurchases (about $4.58B through Sept. 2025) and a newly announced quarterly dividend ($0.32/share, ex-div May 8) support EPS per share and income investors. Buyback/dividend coverage
• Neutral Sentiment: National Investing Day and Schwab’s ongoing investor education and RIA custodian footprint are positive for long‑term client acquisition but unlikely to move near‑term earnings materially. National Investing Day
• Neutral Sentiment: Valuation and performance commentary notes mixed recent returns (short‑term weakness vs. multi‑year gains); useful context for investors but not a specific catalyst. Valuation piece
• Negative Sentiment: Insider selling: Director Frank C. Herringer sold 2,520 shares at about $90.60 (filed Apr. 28) — a small stake reduction that can be perceived negatively by some investors. SEC Form 4 – Insider Sale
• Negative Sentiment: Several brokers trimmed price targets (while often keeping buy ratings), which reduces upside expectations and can cap near‑term stock momentum. Analyst target notes
• Negative Sentiment: Sector/peer weakness — Robinhood’s earnings miss and crypto revenue decline have pressured broker sentiment and could temporarily lower industry trading volumes, which would weigh on Schwab’s transaction revenue. Robinhood earnings

Insider Activity at Charles Schwab

In other news, Director Christopher V. Dodds sold 11,825 shares of the stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $104.55, for a total transaction of $1,236,303.75. Following the completion of the transaction, the director directly owned 449,406 shares in the company, valued at approximately $46,985,397.30. This represents a 2.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Paul V. Woolway sold 15,884 shares of the stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $95.12, for a total value of $1,510,886.08. Following the transaction, the insider owned 35,992 shares of the company's stock, valued at approximately $3,423,559.04. This trade represents a 30.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 471,268 shares of company stock worth $48,114,169. 6.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Raymond James Financial reissued an "outperform" rating and issued a $114.00 target price on shares of Charles Schwab in a research note on Monday, January 5th. Keefe, Bruyette & Woods started coverage on shares of Charles Schwab in a research note on Wednesday, April 8th. They issued an "outperform" rating and a $110.00 target price for the company. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $127.00 price objective on shares of Charles Schwab in a research note on Friday, April 17th. TD Cowen reaffirmed a "buy" rating on shares of Charles Schwab in a research note on Thursday, April 9th. Finally, Jefferies Financial Group dropped their price objective on shares of Charles Schwab from $122.00 to $118.00 and set a "buy" rating for the company in a research note on Monday, April 6th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $114.00.

Charles Schwab Stock Down 0.0%

Shares of NYSE:SCHW opened at $91.60 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.52. The Charles Schwab Corporation has a 52-week low of $82.04 and a 52-week high of $107.50. The company has a 50 day moving average of $93.87 and a two-hundred day moving average of $96.22. The company has a market capitalization of $159.20 billion, a price-to-earnings ratio of 18.17, a price-to-earnings-growth ratio of 0.72 and a beta of 0.80.

Charles Schwab (NYSE:SCHW - Get Free Report) last issued its quarterly earnings data on Thursday, April 16th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.04. Charles Schwab had a net margin of 37.99% and a return on equity of 23.03%. The company had revenue of $6.48 billion during the quarter, compared to the consensus estimate of $6.39 billion. During the same quarter last year, the company earned $1.04 earnings per share. Charles Schwab's revenue for the quarter was up 15.8% on a year-over-year basis. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. As a group, analysts forecast that The Charles Schwab Corporation will post 5.99 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Friday, May 8th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, May 8th. Charles Schwab's dividend payout ratio is 25.40%.

About Charles Schwab

Charles Schwab Corporation NYSE: SCHW is a diversified financial services firm that provides brokerage, banking, wealth management and advisory services to individual investors, independent investment advisors and institutional clients. Its primary offerings include retail brokerage accounts, online trading platforms, Schwab-branded mutual funds and exchange-traded funds (ETFs), retirement plan services, custodial services for independent Registered Investment Advisors (RIAs), and banking products through Charles Schwab Bank.

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