Jonathan S. Beatty, serving as the Managing Director and Head of Advisor Services at Charles Schwab Corp. (NYSE:SCHW), has executed a series of share disposals totaling approximately $490,137. The transactions were carried out through a trust and direct sales, adhering to a Rule 10b5-1 trading plan that was established by Mr. Beatty on February 27, 2026. The sales activity took place over the first week of July 2026, reflecting a structured approach to managing equity holdings.
On July 2 and July 6, 2026, a total of 4,000 shares of Charles Schwab common stock were sold through a trust. The first tranche involved 2,000 shares disposed of on July 2 at a weighted average price of $97.0297 per share. Individual trades within this lot ranged from $97.00 to $97.045. A second tranche of 2,000 shares was sold on July 6 at a weighted average price of $100.0074 per share, with trades ranging from $100.00 to $100.02. These sales generated proceeds of approximately $394,074.
Separately, on July 1, 2026, Mr. Beatty disposed of 1,036 shares of Charles Schwab common stock directly. This transaction was valued at approximately $96,063, based on a price of $92.725 per share. The disposition represented shares withheld for taxes upon the settlement of restricted stock units granted to him on July 1, 2024.
Following these transactions, Mr. Beatty directly holds 32,459 shares of Charles Schwab common stock. Indirectly, through a trust, he holds an additional 15,738 shares. The stock currently trades at $100.61, near a P/E ratio of 20.05 with a PEG ratio of 0.36. According to InvestingPro analysis, Charles Schwab appears undervalued based on its Fair Value assessment. The company maintains a GOOD financial health score and has sustained dividend payments for 38 consecutive years.
In other recent news, Charles Schwab Corporation reported record trading activity for May, with total client assets reaching $13.14 trillion, marking a 27% increase from the previous year. Core net new assets surged to $49.9 billion, a 43% rise compared to May 2025, while the company opened 461,000 new brokerage accounts, a 37% year-over-year increase. Additionally, Schwab’s May Monthly Activity Report highlighted a near doubling of margin loan balances, which contributed to a 20% increase in sweep cash, potentially bolstering spread income growth. The firm also announced a reduction in fees for four equity index ETFs, aiming to enhance their competitive edge in the market.
Furthermore, Schwab received its 2026 Comprehensive Capital Analysis and Review results from the Federal Reserve, maintaining a 2.5% stress capital buffer. This follows the Federal Reserve’s decision to keep current requirements in place until 2027. Meanwhile, brokerage platforms like Coinbase Global Inc, eToro Group Ltd, and Robinhood Markets Inc have introduced AI-powered trading tools, offering automated trade recommendations and execution. These developments reflect a growing trend towards automation in trading, as noted by Jefferies.