Charles Schwab slips 3.2% as investors digest new debt issuance and recent insider selling

The Charles Schwab Corporation (SCHW) is down 3.2% today. Here is some analysis on what might have caused this price movement.

Analysis: The decline looks tied to a mix of financing and sentiment catalysts rather than a single operational headline. Investors may be reacting to Schwab’s recently disclosed senior notes offering, alongside visible insider selling, with some added sensitivity to funding-cost and balance-sheet narratives for brokerage/bank hybrids.

Details:

Schwab disclosed it issued $1.0 billion of fixed-to-floating senior notes due 2030 and $1.25 billion of fixed-to-floating senior notes due 2037, with net proceeds of about $2.236 billion after discounts and expenses.

A recent Form 4 showed co-chairman Charles R. Schwab indirectly sold 27,500 shares in an open-market transaction at a weighted-average price around $92.40.

In its April monthly activity report, Schwab reported $7.2 billion in core net new assets and total client assets of $12.61 trillion at month-end.

This could also be simple profit-taking after recent strength, as traders reassess how incremental debt and insider sales affect near-term sentiment.

Sources:

SEC (EDGAR), Business Wire, StockTitan

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 49 times in the past 6 months. Of those trades, 0 have been purchases and 49 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 17 sales selling 1,190,438 shares for an estimated $117,378,912.
WALTER W BETTINGER (Co-Chairman) has made 0 purchases and 4 sales selling 324,924 shares for an estimated $33,816,881.
CAROLYN SCHWAB-POMERANTZ has made 0 purchases and 5 sales selling 52,775 shares for an estimated $5,423,691.
NIGEL J MURTAGH (Chief Risk Officer) has made 0 purchases and 3 sales selling 48,500 shares for an estimated $4,769,976.
PAUL V WOOLWAY (MD, Chief Banking Officer) has made 0 purchases and 6 sales selling 37,893 shares for an estimated $3,662,868.
DENNIS HOWARD (MD, Chief Tech, OPS & Data Off) has made 0 purchases and 3 sales selling 38,011 shares for an estimated $3,607,570.
JONATHAN M. CRAIG (MD, Head of Retail Investing) has made 0 purchases and 3 sales selling 36,231 shares for an estimated $3,523,222.
CHRISTOPHER V DODDS sold 11,825 shares for an estimated $1,236,314
STEPHEN A ELLIS sold 10,725 shares for an estimated $1,035,693
PETER J. III MORGAN (General Counsel) sold 7,595 shares for an estimated $792,796
JONATHAN S BEATTY (MD, Head of Advisor Services) has made 0 purchases and 3 sales selling 6,030 shares for an estimated $607,478.
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 1,150 institutional investors add shares of $SCHW stock to their portfolio, and 1,083 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

JPMORGAN CHASE & CO added 6,603,261 shares (+10.9%) to their portfolio in Q4 2025, for an estimated $659,731,806
GENERATION INVESTMENT MANAGEMENT LLP removed 5,104,014 shares (-65.0%) from their portfolio in Q1 2026, for an estimated $479,675,235
LAZARD ASSET MANAGEMENT LLC removed 3,917,990 shares (-60.0%) from their portfolio in Q4 2025, for an estimated $391,446,380
BROWN ADVISORY INC removed 3,053,368 shares (-25.0%) from their portfolio in Q1 2026, for an estimated $286,955,524
BANK OF NEW YORK MELLON CORP added 3,009,884 shares (+22.9%) to their portfolio in Q1 2026, for an estimated $282,868,898
MILLENNIUM MANAGEMENT LLC removed 2,974,387 shares (-82.0%) from their portfolio in Q1 2026, for an estimated $279,532,890
MARSHALL WACE, LLP removed 2,866,021 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $269,348,653

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 5 times in the past 6 months. Of those trades, 2 have been purchases and 3 have been sales.

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

REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 3 times. They made 1 purchase worth up to $15,000 on 01/09 and 2 sales worth up to $30,000 on 03/27, 12/10.
REPRESENTATIVE JULIE JOHNSON sold up to $15,000 on 12/18.
REPRESENTATIVE DAN NEWHOUSE purchased up to $15,000 on 12/11.

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 Analyst Ratings

Wall Street analysts have issued reports on $SCHW in the last several months. We have seen 5 firms issue buy ratings on the stock, and 1 firms issue sell ratings.

Here are some recent analyst ratings:

Truist Securities issued a "Buy" rating on 01/22/2026
TD Cowen issued a "Buy" rating on 01/22/2026
Citizens issued a "Market Outperform" rating on 01/12/2026
Barclays issued a "Overweight" rating on 01/08/2026
UBS issued a "Buy" rating on 01/07/2026
B of A Securities issued a "Underperform" rating on 12/10/2025

To track analyst ratings and price targets for $SCHW, check out Quiver Quantitative's $SCHW forecast page.

$SCHW Price Targets

Multiple analysts have issued price targets for $SCHW recently. We have seen 12 analysts offer price targets for $SCHW in the last 6 months, with a median target of $119.5.

Here are some recent targets:

Bill Katz from TD Cowen set a target price of $109.0 on 05/15/2026
Patrick O'Shaughnessy from Raymond James set a target price of $137.0 on 05/15/2026
Patrick Moley from Piper Sandler set a target price of $105.0 on 05/15/2026
Benjamin Budish from Barclays set a target price of $127.0 on 05/15/2026
Michael Cyprys from Morgan Stanley set a target price of $125.0 on 04/17/2026
Kenneth Worthington from JP Morgan set a target price of $131.0 on 04/17/2026
Michael Brown from UBS set a target price of $119.0 on 04/08/2026

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.