Howard Dennis, Schwab MD, sells $2.94m of company stock By Investing.com
- Investment Opportunities Markets
Peter Lynch- 0
- 3 minutes read
Howard Dennis, Managing Director, Chief Technology, Operations & Data Officer at The Charles Schwab Corporation (), sold 28,000 shares of the company’s common stock on July 28, 2026. The shares were sold for a total value of $2,940,263, with prices ranging from $105.00 to $105.025 per share. This transaction was carried out under a Rule 10b5-1 trading plan, which Mr. Dennis adopted on November 25, 2025.
On the same date, Mr. Dennis also acquired 28,000 shares of common stock by exercising nonqualified stock options at a price of $64.1 per share, totaling $1,794,799. These options were granted under the company’s 2013 Stock Incentive Plan and vested in four equal annual installments, beginning on the first anniversary of the grant date.
Following these transactions, Mr. Dennis beneficially owns 10,470 shares of common stock and 56,000 nonqualified stock options (right to buy).
In other recent news, Charles Schwab reported impressive second-quarter 2026 results, surpassing Wall Street expectations. The company achieved adjusted earnings of $1.62 per share on revenue of $7.1 billion, beating analyst estimates of $1.54 per share and $6.85 billion in revenue. This represented a 21% increase in revenue and a 42% rise in earnings compared to the previous year. Following these results, UBS raised its price target for Charles Schwab to $128, maintaining a Buy rating, citing the earnings beat and updated guidance as key factors. Citizens also maintained its Market Outperform rating and $120 price target, highlighting the company’s earnings per share exceeding their estimate and consensus. Wolfe Research increased its price target to $127, attributing the decision to positive quarterly results and improved guidance for fiscal 2026. Additionally, Piper Sandler raised its price target to $118, noting a positive quarter driven by a constructive retail trading environment and growth in net new assets.
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