Jonathan S. Beatty, who serves as Managing Director and Head of Advisor Services at Charles Schwab, sold 2,000 shares of Schwab common stock on January 22, 2026, realizing proceeds of $210003. The disposition was carried out at a weighted average price of $105.0017 per share, with the individual executions ranging between $105.00 and $105.005.
On the same calendar day, Beatty exercised stock options to acquire 2,000 shares of Schwab common stock at an exercise price of $46.39, representing a combined exercise cost of $92780.
The sale was implemented pursuant to a pre-arranged Rule 10b5-1 trading plan that Beatty adopted on May 28, 2025. After these transactions were completed, Beatty's direct holdings in Schwab totaled 33495 shares, while he also retained an indirect interest in 21768 shares held through a trust.
Company results and analyst response
Charles Schwab Corp. released fourth-quarter results showing earnings per share that met analysts' expectations, while revenues came in slightly below forecasted levels. In the wake of that report, several investment firms adjusted their price targets for the company.
- UBS increased its price target to $125, citing the company's strong guidance.
- Truist Securities raised its target to $122, pointing to stronger net interest income despite expectations for higher expenses.
- TD Cowen lifted its price target to $138, highlighting the firm’s robust fourth-quarter performance and a favorable outlook for 2026-2027.
- Jefferies moved its target to $122, noting better-than-expected fourth-quarter metrics including higher daily average trades and record client asset levels.
- Citizens reiterated a Market Outperform rating and set a $120 price target, emphasizing the company's momentum heading into 2026.
Collectively, these adjustments reflect a generally optimistic stance among analysts following the quarterly report, even as top-line revenue fell slightly short of forecasts.
Context and implications
The insider sale and simultaneous option exercise are recorded transactions tied to an established trading plan. The reporting of Beatty's direct and indirect holdings provides a snapshot of his ongoing ownership stake. Meanwhile, analyst target adjustments reveal how market watchers are reconciling fourth-quarter outcomes - where EPS met expectations but revenue performance trailed forecasts - with expectations for 2026 and beyond.