Charles Schwab Shares Slip as Investors Weigh Rate Sensitivity and Recent Profit-Taking

The Charles Schwab Corporation (SCHW) is down 3.4% today. Here is some analysis on what might have caused this price movement. ([aboutschwab.com](https://www.aboutschwab.com/investor-relations?utm_source=openai))

Analysis: There does not appear to be a single fresh company-specific negative headline behind today’s drop. The move looks more consistent with a pullback in a rate-sensitive financial stock as investors digest inflation data and bond-market moves, while also taking profits after Schwab’s recent strong results and rally. ([in.marketscreener.com](https://in.marketscreener.com/news/us-stock-futures-edge-lower-after-economic-data-ce7858d9dd8ef12d?utm_source=openai))

Details:

Schwab’s own business update shows earnings are meaningfully exposed to interest rates and bank sweep balances, so shifts in rate expectations can move sentiment around the stock. ([content.schwab.com](https://content.schwab.com/web/retail/public/about-schwab/schwab_spring_business_update_041626.pdf))

Schwab reported record second-quarter revenue and earnings in July, which can set up a stock for consolidation when there is no new upside catalyst immediately afterward. ([sec.gov](https://www.sec.gov/Archives/edgar/data/316709/000031670926000027/a2q26exhibit991.htm?utm_source=openai))

The company’s July monthly activity report was fundamentally solid, with record July core net new assets, higher account growth, and strong trading activity, suggesting today’s decline is not obviously tied to a weak operating update. ([pressroom.aboutschwab.com](https://pressroom.aboutschwab.com/press-releases/press-release/2026/Schwab-Reports-Monthly-Activity-Highlights-f6515f5a5/default.aspx?utm_source=openai))

Recent SEC filings also show insider sale activity and a new debt issuance in August, which could have contributed to profit-taking at a time when investors are already focused on funding costs and valuation. This could be because traders are using a macro-heavy session to de-risk positions in recent winners. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1733065/000194984626000465/0001949846-26-000465-index.htm?utm_source=openai))

Sources:

Charles Schwab, SEC, AP News

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$SCHW Insider Trading Activity

$SCHW insiders have traded $SCHW stock on the open market 61 times in the past 6 months. Of those trades, 1 have been purchases and 60 have been sales.

Here’s a breakdown of recent trading of $SCHW stock by insiders over the last 6 months:

CHARLES R. SCHWAB (Co-Chairman) has made 0 purchases and 16 sales selling 939,948 shares for an estimated $92,053,775.
WALTER W BETTINGER (Co-Chairman) has made 0 purchases and 4 sales selling 285,896 shares for an estimated $29,773,914.
NIGEL J MURTAGH (Chief Risk Officer) has made 0 purchases and 8 sales selling 112,175 shares for an estimated $11,526,673.
JONATHAN M. CRAIG (MD, Head of Retail Investing) has made 0 purchases and 6 sales selling 101,597 shares for an estimated $10,497,385.
CAROLYN SCHWAB-POMERANTZ has made 0 purchases and 4 sales selling 73,761 shares for an estimated $7,716,060.
DENNIS HOWARD (MD, Chief Tech, OPS & Data Off) has made 0 purchases and 5 sales selling 68,209 shares for an estimated $6,789,613.
PAUL V WOOLWAY (MD, Chief Banking Officer) has made 0 purchases and 6 sales selling 37,893 shares for an estimated $3,662,868.
RICHARD A WURSTER (President & CEO) purchased 21,959 shares for an estimated $1,849,512
JONATHAN S BEATTY (MD, Head of Advisor Services) has made 0 purchases and 6 sales selling 11,030 shares for an estimated $1,111,286.
STEPHEN A ELLIS sold 10,725 shares for an estimated $1,035,693
PETER J. III MORGAN (General Counsel) sold 6,952 shares for an estimated $709,341
PAULA A SNEED sold 5,263 shares for an estimated $563,954
FRANK C HERRINGER sold 2,520 shares for an estimated $228,313
ARUN SARIN sold 2,500 shares for an estimated $227,910

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$SCHW Hedge Fund Activity

We have seen 1,069 institutional investors add shares of $SCHW stock to their portfolio, and 1,239 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

JPMORGAN CHASE & CO added 49,165,186 shares (+inf%) to their portfolio in Q2 2026, for an estimated $4,536,471,712
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 9,472,684 shares (+inf%) to their portfolio in Q2 2026, for an estimated $874,044,552
FMR LLC added 8,577,286 shares (+24.0%) to their portfolio in Q2 2026, for an estimated $791,426,179
WELLINGTON MANAGEMENT GROUP LLP added 7,537,489 shares (+1738.3%) to their portfolio in Q2 2026, for an estimated $695,484,110
BANK OF NEW YORK MELLON CORP removed 5,672,785 shares (-35.1%) from their portfolio in Q2 2026, for an estimated $523,427,871
PRICE T ROWE ASSOCIATES INC /MD/ removed 5,345,090 shares (-11.0%) from their portfolio in Q2 2026, for an estimated $493,191,454
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 4,680,363 shares (+158.5%) to their portfolio in Q2 2026, for an estimated $431,857,094

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$SCHW Congressional Stock Trading

Members of Congress have traded $SCHW stock 3 times in the past 6 months. Of those trades, 2 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $SCHW stock by members of Congress over the last 6 months:

SENATOR ALAN ARMSTRONG has traded it 2 times. They made 2 purchases worth up to $30,000 on 03/30, 03/27 and 0 sales.
REPRESENTATIVE GILBERT RAY CISNEROS, JR. sold up to $15,000 on 03/27.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$SCHW Price Targets

Multiple analysts have issued price targets for $SCHW recently. We have seen 10 analysts offer price targets for $SCHW in the last 6 months, with a median target of $121.0.

Here are some recent targets:

Benjamin Budish from Barclays set a target price of $122.0 on 07/09/2026
Michael Brown from UBS set a target price of $122.0 on 07/08/2026
Patrick Moley from Piper Sandler set a target price of $105.0 on 05/15/2026
Patrick O'Shaughnessy from Raymond James set a target price of $137.0 on 05/15/2026
Bill Katz from TD Cowen set a target price of $109.0 on 05/15/2026
Kenneth Worthington from JP Morgan set a target price of $131.0 on 04/17/2026
Michael Cyprys from Morgan Stanley set a target price of $125.0 on 04/17/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.