Charles Schwab stock: Co-chairman sells USD 1.04 million stake
Published on 11/06/2026 at 13:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points for Schwab investors
- Charles R. Schwab sold shares held through a trust in a transaction reported on Friday.
- The filing leaves the trust with more than 53 million Charles Schwab shares.
- Analysts have recently lowered several price targets despite strong quarterly earnings.
Charles R. Schwab sold 11,675 common shares held through a trust on Tuesday, November 3, according to a report by Investing.com published Friday, November 6. The transactions totaled USD 1.04 million, with individual sale prices ranging from USD 89.115 to USD 89.30. The weighted average sale price was USD 89.2149.
The seller is Charles R. Schwab, the company's co-chairman and a director. The filing concerns shares held indirectly by a trust rather than a direct reduction of his personal registered holdings. After the transaction, the trust still held 53,334,616 shares. Other indirect holdings listed in the report included 30,021,463 shares through a limited partnership, 44,025 shares through 188 Corp and 10,624,797.33 shares held by his spouse as trustee.
Insider sale meets shifting expectations
The transaction comes as analysts adjust their outlook after Charles Schwab's latest quarterly report. The company reported adjusted earnings per share of USD 1.69, above the USD 1.66 consensus cited by Investing.com. Evercore ISI lowered its price target to USD 98 from USD 104, citing higher funding costs and lower earnings estimates for 2027 and 2028.
Keefe Bruyette cut its target to USD 115 from USD 125 while keeping an Outperform rating. Goldman Sachs reduced its target to USD 117 from USD 122 and retained a Buy rating, pointing to a weaker net interest income outlook alongside disciplined expense management. Citizens maintained a Market Outperform rating with a USD 120 target.
The analyst revisions show that strong earnings momentum has not removed concerns about funding costs, net interest margin timing and the effect of artificial intelligence developments on the brokerage industry. The insider transaction adds a separate ownership signal, but the reported sale alone does not establish the company's future earnings direction.
Current quote and investor context
Charles Schwab stock traded at EUR 82.05 on Lang & Schwarz at 13:38:56 CET on Friday, November 6, 2026. Investors can follow the real-time quote of Charles Schwab stock.
Charles Schwab stock at a glance
- Company: The Charles Schwab Corporation
- ISIN: US8085131055
- Ticker: SCHW
- Quote: EUR 82.05 on Lang & Schwarz
- Quote time: 13:38:56 CET, Friday, November 6, 2026
The current market reports track the broader equity backdrop relevant to investors in U.S. financial stocks.
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