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Westlake, TX - Carolyn Schwab-Pomerantz, a director at Charles Schwab Corp. (NYSE:SCHW), recently sold 23,000 shares of the company's common stock, amounting to approximately $1.8 million. The transactions occurred on April 3, 2025, with sale prices ranging from $74.8884 to $75.215 per share. According to InvestingPro data, the stock is currently trading near $70, down about 10.5% over the past week.
The sales were conducted as part of a pre-established Rule 10b5-1 trading plan, which allows insiders to set up a predetermined schedule for selling company stock. Following these transactions, Schwab-Pomerantz retains ownership of over 1.5 million shares indirectly through trust and other entities.
These sales reflect a portion of Schwab-Pomerantz's holdings in the company, which is a leading provider of financial services, including brokerage, banking, and asset management services.
In other recent news, Charles Schwab Corporation reported a 44% year-over-year increase in net new assets for February 2025, reaching $48 billion. This growth contributed to total client assets of $10.28 trillion by the end of February, reflecting a 16% rise from the previous year. In January 2025, the company also saw a 75% increase in net new assets, amounting to $30.6 billion, with total client assets reaching $10.33 trillion. Additionally, Charles Schwab completed a $13.1 billion stock sale, marking the exit of TD Group US Holdings LLC from its position in the company.
Analyst firms have shown positive sentiment towards Charles Schwab, with Raymond (NSE:RYMD) James raising its price target to $90 and maintaining an Outperform rating, citing expected improvements in net interest margin and earnings per share. JMP Securities also maintained a Market Outperform rating with a $94 price target, highlighting strong performance metrics and a notable increase in net new assets. February metrics showed a 1% increase in customer cash balances, reversing a decline seen in January. These developments underscore Charles Schwab's ongoing growth and stability in the financial services sector.
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