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Charles R. Schwab, Co-Chairman of SCHWAB CHARLES CORP (NYSE:SCHW), sold 109,150 shares of common stock over two days, according to a Form 4 filing with the Securities and Exchange Commission. The sales totaled approximately $10.2 million.
On October 28, 2025, Mr. Schwab sold 64,400 shares at a weighted average price of $94.0048, for a total of $6,053,707. These sales were executed in multiple trades at prices ranging from $94.00 to $94.02. Then, on October 29, 2025, he sold 44,750 shares at a weighted average price of $94.521, for a total of $4,230,016. These sales were executed in multiple trades at prices ranging from $94.19 to $94.77.
The shares sold were held indirectly by Trust. Following these transactions, Mr. Schwab continues to indirectly hold 56,171,954 shares.
Additionally, the report indicates Mr. Schwab indirectly holds 9,509,797.33 shares by Spouse as Trustee, 30,641,981 shares by Limited Partnership and 44,025 shares by 188 Corp.
In other recent news, Charles Schwab reported adjusted earnings per share of $1.31 for the third quarter of 2025, surpassing both Keefe, Bruyette & Woods’ estimate of $1.27 and the consensus forecast of $1.24. This earnings beat was attributed to higher net interest income and a lower tax rate, although it was slightly offset by increased expenses. In response to these results, several financial firms have adjusted their price targets for the company. TD Cowen raised its price target to $134, highlighting management execution and balance sheet flexibility as positive factors. Similarly, Goldman Sachs increased its price target to $114, citing strong client engagement and increased client transactional cash. Keefe, Bruyette & Woods also lifted its price target to $111 due to the earnings beat and strong cash growth in September. Meanwhile, Citizens maintained its Market Outperform rating and a $110 price target, emphasizing the company’s attractive valuation and earnings growth potential. Additionally, Charles Schwab declared a regular quarterly cash dividend of $0.27 per common share, payable on November 28, 2025.
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