Schwab Charles Corp chief risk officer sells $1.15 million in stock

Nigel J. Murtagh, the Chief Risk Officer of Schwab Charles Corp (NYSE:SCHW), recently sold 15,229 shares of the company’s common stock. The sale, executed on March 5, 2025, was made at a weighted average price of $75.38 per share, amounting to a total transaction value of approximately $1.15 million. The transaction comes as Schwab, currently valued at $139 billion, trades near $74.63 per share. According to InvestingPro analysis, the stock appears slightly undervalued based on its Fair Value assessment.

Following this transaction, Murtagh retains direct ownership of 59,091 shares. The sale was conducted under a pre-established Rule 10b5-1 trading plan, which Murtagh adopted on November 23, 2024. This plan allows insiders to set up a predetermined schedule for selling stocks, providing an affirmative defense against allegations of insider trading. Notably, Schwab has maintained dividend payments for 37 consecutive years, demonstrating strong financial stability. InvestingPro data shows 12 analysts have recently revised their earnings expectations upward for the upcoming period.

The transaction was executed in multiple trades, with prices ranging from $75.045 to $75.69 per share. Murtagh has committed to providing full transaction details upon request to the SEC, Schwab Charles Corp, or its shareholders. With analyst price targets ranging from $70 to $105 per share, investors seeking deeper insights can access comprehensive analysis and additional ProTips through InvestingPro’s detailed research report.

In other recent news, The Charles Schwab Corporation reported a notable 75% year-over-year increase in core net new assets for January 2025, amounting to $30.6 billion. This surge contributed to a total client asset base of $10.33 trillion, reflecting a 21% increase from the previous year. Additionally, Schwab experienced an 18% rise in new brokerage accounts, totaling 433,000 new accounts for the month. In another significant development, Charles Schwab completed a $13.1 billion stock sale, marking the exit of TD Group US Holdings LLC from its position in the company. Following this, Brian M. Levitt and Bharat B. Masrani resigned from Schwab’s board of directors. Analysts from Keefe, Bruyette & Woods maintained an Outperform rating for Schwab, while Truist Securities raised its price target to $91 and reiterated a Buy rating. These analyst actions followed Schwab’s announcement of a $1.5 billion share buyback from TD, representing about 1% of the company’s total shares. The buyback is part of Schwab’s broader plan to engage in opportunistic repurchases throughout 2025, aiming to enhance shareholder value.

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