Bullish indicating open at $55-$60, IPO prices at $37
Craig Jonathan M., MD and Head of Investor Services at Schwab Charles Corp (NYSE:SCHW), a $145.65 billion financial services giant currently trading at $75.15, recently executed several transactions involving the company’s common stock. According to InvestingPro data, the company appears slightly undervalued based on its Fair Value analysis. Notably, on March 3, Craig sold 28,668 shares at an average price of $79.32, amounting to approximately $2.27 million.
In addition to the sales, Craig also exercised options to acquire 28,668 shares at a price of $42.99 per share. The transactions were part of a pre-established Rule 10b5-1 trading plan. The stock has shown resilience with a 1.88% year-to-date return and trades at a P/E ratio of 25.54. For deeper insights into SCHW’s valuation and 6 additional exclusive ProTips, check out the comprehensive research report available on InvestingPro.
These activities reflect Craig’s strategic management of his stock holdings within Schwab Charles Corp, as he continues to navigate his role in the company, which has maintained dividend payments for 37 consecutive years and demonstrated strong returns over the past five years.
In other recent news, The Charles Schwab Corporation reported a significant 75% year-over-year increase in core net new assets for January 2025, totaling $30.6 billion. This growth contributed to total client assets reaching $10.33 trillion, a 21% increase from the previous year. Schwab also saw an 18% rise in new brokerage accounts, with 433,000 new accounts opened. In a separate development, Schwab completed a $13.1 billion stock sale, marking TD Group US Holdings LLC’s exit from its position in the company.
Additionally, Keefe, Bruyette & Woods maintained an Outperform rating for Schwab, with a price target of $93.00, following TD Bank’s announcement of selling its remaining 10.1% stake in Schwab. Truist Securities also updated its financial model for Schwab, raising the stock target to $91 and maintaining a Buy rating. The firm noted an increase in earnings per share estimates for 2025 and 2026 due to the company’s $1.5 billion buyback, which is part of a broader plan to continue share repurchases throughout 2025.
These recent developments indicate Schwab’s active engagement in financial transactions and strategic initiatives aimed at enhancing shareholder value.
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