Charles Schwab’s chief banking officer sells $268,117 in stock

Paul V. Woolway, Managing Director and Chief Banking Officer at Charles Schwab Corp (NYSE:SCHW), recently sold shares valued at $268,117. The sale, executed on March 3, 2025, was part of a pre-established Rule 10b5-1 trading plan. The shares were sold at a weighted average price of $79.3248, with transactions occurring at prices ranging from $78.96 to $79.705. The transaction comes as Charles Schwab, currently valued at $145.65 billion, trades slightly below its Fair Value according to InvestingPro analysis, with 12 analysts recently revising their earnings expectations upward.

In related transactions, Woolway acquired 13,254 shares on March 1, 2025, due to the vesting of performance-based restricted stock units. Additionally, on March 3, 2025, 3,367 shares were withheld by the company to cover tax obligations, valued at $266,144.

Woolway also acquired 20,064 nonqualified stock options on March 3, 2025, under the company’s 2022 Stock Incentive Plan, which will vest in four equal annual installments.

In other recent news, The Charles Schwab Corporation reported a notable increase in new assets for January 2025, with core net new assets surging over 75% to $30.6 billion. Total (EPA:TTEF) client assets reached $10.33 trillion, marking a 21% increase from the previous year. Schwab also completed a significant $13.1 billion stock sale, marking TD Group US Holdings LLC’s exit from its position in the company. The transaction involved the sale of over 165 million shares, with no proceeds going to Schwab as the shares were sold by TD.

Additionally, Charles Schwab’s stock maintained its Outperform rating by Keefe, Bruyette & Woods, with a price target of $93.00. The rating was reiterated following TD Bank’s announcement of selling its remaining stake in the company. Meanwhile, Truist Securities increased its price target for Schwab to $91 and maintained a Buy rating, reflecting confidence in the company’s financial performance. The buyback plan, involving a $1.5 billion repurchase of shares, is expected to reduce the number of shares outstanding and potentially increase earnings per share.

Charles Schwab’s strategic financial moves, including opportunistic share buybacks throughout 2025, are indicative of its confidence in its financial strategy. These developments are closely monitored by investors and analysts, as they align with Schwab’s goals to enhance shareholder returns.

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