Bitcoin hits record high over $124k on rate cut bets, corporate treasury cheer
Paul Woolway, the Managing Director and Chief Banking Officer at Charles Schwab Corp (NYSE:SCHW), recently sold 9,887 shares of the company’s common stock. The transaction, executed on March 5, was carried out under a pre-established Rule 10b5-1 trading plan. The shares were sold at an average price of $75.38, amounting to a total value of approximately $745,253. The financial services giant, currently valued at $139 billion, has demonstrated strong financial health according to InvestingPro analysis, with a remarkable 37-year track record of consistent dividend payments.
Following this sale, Woolway holds a total of 47,931 shares indirectly through a trust, with additional holdings in various other forms, including direct ownership and shares held through an Employee Stock Purchase Plan (ESPP) and by family members. The sale was part of a series of trades executed at prices ranging from $75.02 to $75.72. With analyst targets ranging from $70 to $105 and multiple InvestingPro indicators suggesting strong future potential, investors can access comprehensive analysis and additional insights through the detailed Pro Research Report available for Charles Schwab, one of over 1,400 stocks covered in-depth on the platform.
In other recent news, Charles Schwab Corporation has reported a notable increase in its January 2025 Monthly Activity Report, with core net new assets rising by over 75% year-over-year to $30.6 billion. Total (EPA:TTEF) client assets reached $10.33 trillion, a 21% increase from the previous year, reflecting strong client engagement. Additionally, the company completed a significant $13.1 billion stock sale previously held by TD Group US Holdings LLC, marking TD’s exit from its position in Charles Schwab.
Keefe, Bruyette & Woods maintained its Outperform rating on Charles Schwab, with a price target of $93.00, following the news of TD Bank’s stake sale. Truist Securities also updated its financial model for Charles Schwab, raising the price target to $91 and maintaining a Buy rating, citing the company’s $1.5 billion share buyback as a positive move. The buyback is expected to reduce the number of shares outstanding, potentially increasing earnings per share.
These developments indicate Charles Schwab’s strategic actions to optimize its financial performance and shareholder returns. The company’s commitment to opportunistic buybacks throughout 2025 reflects confidence in its financial strategy.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.