Provident Trust Co. Sells 1,197,804 Shares of The Charles Schwab Corporation $SCHW

Posted by Brian Himes on Nov 2nd, 2026

Provident Trust Co. lowered its holdings in The Charles Schwab Corporation (NYSE:SCHW – Free Report) by 32.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,518,637 shares of the financial services provider’s stock after selling 1,197,804 shares during the period. Charles Schwab comprises 7.7% of Provident Trust Co.’s holdings, making the stock its 6th largest position. Provident Trust Co.’s holdings in Charles Schwab were worth $246,172,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Dala Group LLC boosted its stake in Charles Schwab by 5.7% in the third quarter. Dala Group LLC now owns 3,830 shares of the financial services provider’s stock valued at $374,000 after acquiring an additional 205 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its position in shares of Charles Schwab by 0.7% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,754,953 shares of the financial services provider’s stock valued at $172,055,000 after acquiring an additional 11,782 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Charles Schwab during the 3rd quarter worth approximately $45,892,000. Aviance Capital Partners LLC increased its stake in shares of Charles Schwab by 0.7% during the 3rd quarter. Aviance Capital Partners LLC now owns 93,077 shares of the financial services provider’s stock worth $9,097,000 after purchasing an additional 615 shares during the last quarter. Finally, Profund Advisors LLC increased its stake in shares of Charles Schwab by 10.5% during the 3rd quarter. Profund Advisors LLC now owns 15,141 shares of the financial services provider’s stock worth $1,480,000 after purchasing an additional 1,441 shares during the last quarter. Institutional investors own 84.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Jefferies Financial Group set a $120.00 price target on shares of Charles Schwab in a report on Friday, October 16th. Compass Point increased their price objective on Charles Schwab from $135.00 to $136.00 and gave the company a “buy” rating in a report on Tuesday, October 6th. TD Cowen raised their target price on Charles Schwab from $128.00 to $129.00 and gave the stock a “buy” rating in a research report on Monday, October 12th. BMO Capital Markets lowered their target price on Charles Schwab from $105.00 to $97.00 and set a “market perform” rating on the stock in a research note on Monday, October 19th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $117.00 price target (down from $122.00) on shares of Charles Schwab in a research report on Friday, October 16th. Eighteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $119.91.

Check Out Our Latest Analysis on SCHW

Charles Schwab Price Performance

SCHW opened at $88.01 on Monday. The company has a market capitalization of $152.20 billion, a price-to-earnings ratio of 15.02, a PEG ratio of 0.78 and a beta of 0.79. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.52. The firm has a 50-day moving average price of $100.52 and a 200-day moving average price of $97.67. The Charles Schwab Corporation has a twelve month low of $83.96 and a twelve month high of $114.53.

Charles Schwab (NYSE:SCHW – Get Free Report) last posted its quarterly earnings results on Thursday, October 15th. The financial services provider reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.03. The company had revenue of $7.17 billion for the quarter, compared to analyst estimates of $7.18 billion. Charles Schwab had a net margin of 39.33% and a return on equity of 25.79%. The company’s quarterly revenue was up 16.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.31 earnings per share. Equities analysts expect that The Charles Schwab Corporation will post 6.41 EPS for the current year.

Charles Schwab Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Friday, November 13th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Friday, November 13th. Charles Schwab’s payout ratio is currently 21.84%.

Insider Buying and Selling at Charles Schwab

In other Charles Schwab news, Director Paula Sneed sold 5,263 shares of the business’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $107.15, for a total transaction of $563,930.45. Following the sale, the director owned 91,711 shares of the company’s stock, valued at $9,826,833.65. The trade was a 5.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Dennis Howard sold 2,198 shares of the stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $110.00, for a total value of $241,780.00. Following the sale, the insider owned 6,980 shares in the company, valued at approximately $767,800. This represents a 23.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 285,734 shares of company stock worth $32,073,309. Company insiders own 6.30% of the company’s stock.

About Charles Schwab

(Free Report)

The Charles Schwab Corporation (NYSE: SCHW) is a financial services company that provides investment, wealth management, banking and related services to individual investors, financial professionals and institutional clients. Through its brokerage business, Schwab offers trading and custody services for stocks, exchange-traded funds, mutual funds, options, fixed-income securities and other investments, along with retirement accounts and investment research tools.

The company also provides advisory and wealth management services, including managed portfolios, financial planning and support for registered investment advisors.