Charles Schwab director Carolyn Schwab-Pomerantz sells $1.8 million in stock

Published 08/04/2025, 00:06
Charles Schwab director Carolyn Schwab-Pomerantz sells $1.8 million in stock

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.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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