Sarin Arun sells $699,405 in Schwab Charles stock

Sarin Arun, a director at Schwab Charles Corp (NYSE:SCHW), recently executed a significant stock transaction at the $150.4 billion financial services giant. On January 23, Arun sold 8,548 shares of common stock, generating a total of $699,405. The shares were sold at an average price of $81.821 per share, with the transaction executed in multiple trades at prices ranging from $81.78 to $81.87. The sale comes as SCHW trades near its 52-week high, with InvestingPro analysis indicating the stock is slightly overvalued at current levels.

In addition to the sale, Arun exercised stock options to acquire 8,548 shares at a price of $31.21 per share. Following these transactions, Arun's direct ownership of Schwab Charles stock stands at 18,617 shares, with the shares acquired through the option exercise subsequently contributed to a family trust. According to InvestingPro data, SCHW maintains strong financial health with a "GREAT" overall score, and 15 analysts have recently revised their earnings expectations upward. Discover more insights and detailed analysis in SCHW's comprehensive Pro Research Report, available with an InvestingPro subscription.

In other recent news, financial services firm Charles Schwab has seen a flurry of analyst activity following robust fourth-quarter performance and optimistic projections for 2025. Truist Securities recently raised the company's stock target to $90, maintaining a Buy rating, based on factors such as higher net interest income, increased trading revenue, and slightly reduced expenses. This move followed similar actions by Piper Sandler and Raymond (NSE:RYMD) James, who increased their price targets to $78 and $88 respectively, reflecting confidence in the company's financial trajectory.

Charles Schwab reported net revenues of $5.33 billion for the fourth quarter, surpassing estimates. The company's core net new assets showed significant growth, marking a compound annual growth rate of 4.6%. In addition, analysts at Truist Securities and Piper Sandler have projected a 5% increase in Charles Schwab's estimated earnings per share for 2025, setting it at $4.00.

Barclays (LON:BARC) has upgraded the company's stock from Equal Weight to Overweight, raising the price target to $95, indicating growing confidence in Schwab's financial trajectory. Toronto-Dominion Bank (TSX:TD), Schwab's largest shareholder, is reportedly reviewing its 10% stake following a U.S. money-laundering scandal, but its agreement with Schwab regarding sweep-deposit accounts for clients is expected to continue. These are among the recent developments contributing to Charles Schwab's financial progress and potential.

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