"" Lead: Charles Schwab Head of Advisor Services Jonathan S. Beatty sold 1,000 shares of the company's common stock on August 17, 2026, totaling $111,330. The sale price ranged from $111.19 to $111.405 per share.
Body: Jonathan S. Beatty, MD, and Head of Advisor Services at Charles Schwab Corporation, sold 1,000 shares of the company’s common stock on August 17, 2026. The transactions totaled $111,330. This information was detailed in a recent filing with the Securities and Exchange Commission. The sale price was $111.3301, with shares trading near the stock's 52-week high of $112.20.
Background: Charles Schwab Corporation reported quarterly earnings that surpassed expectations, with adjusted earnings per share of $1.62, marking a 42% increase year-over-year. This result exceeded the Citizens estimate of $1.55 and the consensus by $0.07, or 5%. Following these strong earnings, UBS raised its price target for Charles Schwab to $128, maintaining a Buy rating, while Wolfe Research increased its target to $127, also keeping an Outperform rating.
Recent Developments
Compass Point initiated coverage on Charles Schwab with a Buy rating and a price target of $135, suggesting potential growth opportunities through agentic trading. In a separate development, Charles Schwab issued $2.6 billion in senior notes with maturities in 2032 and 2037, generating approximately $2.582 billion in net proceeds.