Charles Schwab co-chairman sells $15.1m in Schwab stock By Investing.com

Charles R. Schwab, Co-Chairman of The Charles Schwab Corporation (), reported the sale of common stock totaling approximately $15.17 million across two transactions on July 28 and July 29, 2026.

On July 28, Mr. Schwab disposed of 48,000 shares. The following day, July 29, he sold an additional 95,450 shares. In total, 143,450 shares were sold at prices ranging from $105.315 to $106.13. The sales occurred as the stock trades near its 52-week high of $107.50, with shares currently at $104.33. According to InvestingPro analysis, Schwab appears undervalued at current levels, with a Fair Value estimate suggesting upside potential. The company maintains a market capitalization of $181.44 billion and trades at a P/E ratio of 19.01.

Additionally, on July 28, Mr. Schwab gifted 60,000 shares of common stock. This transaction had a reported price of $0.00 per share.

Following these reported transactions, Mr. Schwab’s indirect beneficial ownership includes 54,020,841 shares held by a Trust, 30,114,318 shares held by a Limited Partnership, 44,025 shares held by 188 Corp, and 10,624,797.33 shares held by his spouse as Trustee. For deeper insights into Schwab’s financial health and comprehensive analysis, investors can access the detailed Pro Research Report, available for this and 1,400+ other US equities.

In other recent news, Charles Schwab reported impressive second-quarter 2026 results, surpassing expectations with adjusted earnings of $1.62 per share on revenue of $7.1 billion. This performance exceeded Wall Street estimates, which had projected earnings of $1.54 per share and revenue of $6.85 billion. The company experienced a 21% increase in revenue and a 42% rise in earnings compared to the previous year. UBS responded to these strong results by raising its price target for Charles Schwab to $128, maintaining a Buy rating. Similarly, Wolfe Research increased its price target to $127, citing positive results and improved guidance for fiscal 2026. Piper Sandler also raised its price target to $118, noting a constructive retail trading environment and growth in net new assets. Citizens maintained its Market Outperform rating, highlighting the company’s robust earnings beat. These developments reflect Charles Schwab’s continued success in gaining clients and benefiting from enhanced lending and trading activity.

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