Bullish indicating open at $55-$60, IPO prices at $37
Walter W. Bettinger, Co-Chairman of Charles Schwab Corporation (NYSE:SCHW), recently executed significant stock transactions. On February 12, 2025, Bettinger sold a total of 464,629 shares of Schwab common stock, generating approximately $38.06 million. The sales were conducted at prices ranging from $81.8711 to $82.6553 per share. The transaction comes as Schwab trades near its 52-week high of $84.50, with the stock showing strong momentum, up nearly 30% over the past year.
In addition to these sales, Bettinger exercised options to acquire 464,629 shares at a price of $26.39 per share, totaling $12.26 million. Following these transactions, Bettinger owns 827,377.022 shares directly, with additional holdings through various plans. The company maintains a strong financial position, with InvestingPro data showing a "GOOD" overall financial health score and a consistent 37-year track record of dividend payments.
These transactions were part of a Form 4 filing with the Securities and Exchange Commission, reflecting Bettinger's ongoing involvement and investment activities within the company. According to InvestingPro, 12 analysts have revised their earnings upwards for the upcoming period, suggesting positive momentum. For deeper insights into insider trading patterns and comprehensive analysis, check out Schwab's Pro Research Report, available exclusively on InvestingPro.
In other recent news, The Charles Schwab Corporation has reported significant financial developments. The company experienced a notable 75% increase in core net new assets in January 2025, which totaled $30.6 billion. Total (EPA:TTEF) client assets also saw an increase, reaching $10.33 trillion, a 21% rise from the previous year.
In addition, Charles Schwab completed a $13.1 billion secondary stock offering previously held by TD Group US Holdings LLC. This transaction marked TD's exit from its position in Schwab, with the shares sold by TD and not generating any proceeds for Charles Schwab.
Analyst firms have also provided recent updates on Schwab. Keefe, Bruyette & Woods maintained an Outperform rating for the company, while Truist Securities increased its stock target for Schwab to $91 and reaffirmed a Buy rating. These developments are part of a series of recent events for Charles Schwab, reflecting the company's active engagement in the financial market.
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