Walter Bettinger Sells 93,408 Shares of Charles Schwab (NYSE:SCHW) Stock

Key Points

• Insider sale: Charles Schwab Chairman Walter Bettinger sold 93,408 shares for approximately $9.77 million, reducing his direct position by 15% to 529,346 shares.
• Strong quarterly performance: Schwab reported quarterly EPS of $1.62, exceeding estimates of $1.56, while revenue rose 20.9% year over year to $7.07 billion.
• Shareholder returns and outlook: The company declared a quarterly dividend of $0.32 per share, and analysts maintained a broadly favorable “Moderate Buy” consensus with an average price target of $119.94.

The Charles Schwab Corporation (NYSE:SCHW - Get Free Report) Chairman Walter Bettinger sold 93,408 shares of the company's stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $104.64, for a total value of $9,774,213.12. Following the completion of the transaction, the chairman directly owned 529,346 shares of the company's stock, valued at $55,390,765.44. The trade was a 15.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Charles Schwab Price Performance

Shares of Charles Schwab stock traded down $1.34 on Wednesday, reaching $104.63. The company's stock had a trading volume of 7,149,145 shares, compared to its average volume of 8,396,741. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $181.97 billion, a P/E ratio of 19.02, a PEG ratio of 0.81 and a beta of 0.77. The stock has a 50-day moving average price of $94.75 and a 200-day moving average price of $95.39. The Charles Schwab Corporation has a 52-week low of $83.96 and a 52-week high of $107.50.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $1.62 earnings per share for the quarter, topping analysts' consensus estimates of $1.56 by $0.06. Charles Schwab had a net margin of 38.79% and a return on equity of 24.73%. The company had revenue of $7.07 billion during the quarter, compared to analysts' expectations of $6.90 billion. During the same period in the prior year, the business posted $1.14 earnings per share. The firm's revenue for the quarter was up 20.9% on a year-over-year basis. Analysts expect that The Charles Schwab Corporation will post 6.46 EPS for the current year.

Charles Schwab Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, August 14th. Charles Schwab's dividend payout ratio is currently 23.27%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Keefe, Bruyette & Woods initiated coverage on shares of Charles Schwab in a research note on Wednesday, April 8th. They issued an "outperform" rating and a $110.00 price target on the stock. UBS Group boosted their target price on Charles Schwab from $122.00 to $128.00 and gave the stock a "buy" rating in a report on Wednesday, July 22nd. Truist Financial reduced their price objective on Charles Schwab from $122.00 to $120.00 and set a "buy" rating on the stock in a research report on Wednesday, April 1st. Zacks Research upgraded Charles Schwab from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 9th. Finally, Barclays raised their target price on Charles Schwab from $122.00 to $125.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Charles Schwab presently has a consensus rating of "Moderate Buy" and a consensus target price of $119.94.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SCHW. State Street Corp boosted its holdings in Charles Schwab by 1.0% during the 3rd quarter. State Street Corp now owns 73,156,290 shares of the financial services provider's stock valued at $6,984,231,000 after acquiring an additional 691,671 shares during the period. Geode Capital Management LLC lifted its position in shares of Charles Schwab by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 37,667,640 shares of the financial services provider's stock worth $3,747,646,000 after purchasing an additional 98,242 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Charles Schwab by 0.3% in the fourth quarter. Franklin Resources Inc. now owns 30,184,369 shares of the financial services provider's stock valued at $3,015,720,000 after purchasing an additional 78,020 shares during the period. Primecap Management Co. CA grew its holdings in shares of Charles Schwab by 9.7% in the fourth quarter. Primecap Management Co. CA now owns 23,276,071 shares of the financial services provider's stock valued at $2,325,512,000 after purchasing an additional 2,066,884 shares in the last quarter. Finally, Fisher Asset Management LLC grew its holdings in shares of Charles Schwab by 0.8% in the fourth quarter. Fisher Asset Management LLC now owns 21,818,514 shares of the financial services provider's stock valued at $2,179,888,000 after purchasing an additional 171,926 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Charles Schwab News Roundup

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

• Positive Sentiment: Large share repurchase planned: Schwab reportedly intends to buy back $20 billion of stock. The program could reduce shares outstanding, support future earnings per share and signal confidence in the company’s cash generation and valuation. Charles Schwab to buy back $20 billion of stock
• Positive Sentiment: Analysts raised earnings estimates: Erste Group increased its FY2026 EPS forecast to $6.50 from $6.34 and its FY2027 forecast to $7.85 from $7.64. The revisions reinforce the earnings outlook following Schwab’s latest quarterly beat, when revenue rose 20.9% year over year and EPS exceeded consensus. Charles Schwab analyst earnings estimates
• Positive Sentiment: Investment in market infrastructure: Schwab led a Series B funding round for Provable Markets, which is developing securities-finance technology covering pre-trade, execution and post-trade processes. The investment could provide strategic exposure to modernized trading infrastructure, although its direct financial impact is unclear. Provable Markets Series B funding
• Positive Sentiment: Solid fundamentals and shareholder returns: Recent quarterly results beat expectations, while Schwab also declared a quarterly dividend of $0.32 per share. Analysts maintain a broadly favorable “Moderate Buy” consensus with an average price target of $119.94. Charles Schwab earnings, dividend and analyst ratings
• Neutral Sentiment: Robo-adviser exit: Schwab is reportedly ditching its robo-adviser platform. The move may reduce costs and allow greater focus on core brokerage and wealth-management operations, but it could also mean giving up a channel for attracting younger and digitally oriented investors. Why Charles Schwab is ditching its robo-adviser platform
• Neutral Sentiment: CNBC identified Schwab as one of the financial firms connected to investment accounts disclosed by President Donald Trump. The association raises Schwab’s visibility but does not indicate a material change to its operating outlook. Financial firms connected to Trump investment accounts
• Negative Sentiment: Insider selling adds a modest caution signal: Several executives sold shares, including General Counsel Peter Morgan III and executives Jonathan Beatty and Nigel Murtagh. The transactions were made under pre-arranged Rule 10b5-1 plans, limiting their value as evidence of bearish convictions, but they may still weigh on sentiment.

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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