Schwab’s chief banking officer Paul Woolway sells $261,724 in stock

WESTLAKE, Texas — Paul Woolway, the Managing Director and Chief Banking Officer of Charles Schwab Corp. (NYSE:SCHW), recently executed stock sales amounting to $261,724, according to a filing with the Securities and Exchange Commission. The transactions, conducted under a pre-arranged trading plan, involved the sale of 3,380 shares of common stock at prices ranging from $76.88 to $77.99. The stock currently trades at $78.56, with InvestingPro analysis indicating slight undervaluation based on its Fair Value model.

The filing details two separate sales on April 1, 2025. The first involved 2,980 shares sold at a weighted average price of $77.3624, and the second included 400 shares sold at a weighted average price of $77.9625. Following these transactions, Woolway retains a substantial holding in the company, with over 45,000 shares owned indirectly by a trust. The company, with a market capitalization of $142.62 billion, has maintained dividend payments for 37 consecutive years, demonstrating strong financial stability.

These sales were part of a Rule 10b5-1 trading plan, which allows company insiders to set up a predetermined schedule for selling stocks. This approach helps avoid potential accusations of insider trading.

Charles Schwab Corp (BVMF:SCHW34)., headquartered in Westlake, Texas, is a major player in the financial services industry, offering a wide range of investment and banking services.

In other recent news, Charles Schwab Corporation reported a notable 44% year-over-year increase in net new assets for February 2025, totaling $48 billion, with client assets reaching $10.28 trillion. This follows a strong January, where net new assets surged by 75% to $30.6 billion. Additionally, the company completed a $13.1 billion stock sale, marking the exit of TD Group US Holdings from its position in Charles Schwab. The offering was managed by TD Securities and Goldman Sachs, with Piper Sandler advising Charles Schwab. Meanwhile, Raymond (NSE:RYMD) James analyst Patrick O’Shaughnessy raised the price target for Charles Schwab to $90, maintaining an Outperform rating, citing expected improvements in net interest margin and earnings per share. JMP Securities also maintained a Market Outperform rating with a $94 price target, highlighting strong February performance metrics. The company’s February report also indicated a 1% increase in daily average trades and a rise in customer cash balances by $4.7 billion. These developments reflect Charles Schwab’s ongoing growth and strategic adjustments in the financial services sector.

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