Schwab’s head of investor services sells $1.76 million in stock

Craig Jonathan M., Managing Director and Head of Investor Services at Schwab Charles Corp (NYSE:SCHW), a financial services giant with a market capitalization of $129 billion, recently sold 23,258 shares of the company’s common stock. According to InvestingPro analysis, the stock is currently trading below its Fair Value, despite a P/E ratio of 23.5x. The transaction, conducted on March 6, 2025, was executed at a weighted average price of $75.5863 per share, with prices ranging from $75.245 to $75.90. The total value of the sale amounted to approximately $1.76 million. This sale was carried out under a pre-arranged Rule 10b5-1 trading plan established in October 2024. Following the transaction, Craig Jonathan M. no longer holds any shares directly, with the ownership previously held by a trust. InvestingPro data shows the stock has maintained dividend payments for 37 consecutive years, with 12 analysts recently revising earnings estimates upward. Get access to more exclusive insights and detailed analysis with InvestingPro’s comprehensive research report.

In other recent news, The Charles Schwab Corporation reported a notable increase in its core net new assets for January 2025, with a year-over-year surge of over 75%, totaling $30.6 billion. This growth contributed to total client assets reaching $10.33 trillion, a 21% increase from the previous year. The company also opened 433,000 new brokerage accounts, marking an 18% rise compared to January of the previous year. In a separate development, Charles Schwab completed a $13.1 billion stock sale, marking TD Group US Holdings LLC’s exit from its position in the company. The sale was conducted by TD Securities and Goldman Sachs & Co. LLC.

Analysts have weighed in on these developments, with Keefe, Bruyette & Woods maintaining an Outperform rating for Charles Schwab, while Truist Securities increased its stock target to $91 and reaffirmed a Buy recommendation. The firm also raised its earnings per share estimates for 2025 and 2026, reflecting confidence in Schwab’s financial performance. Additionally, Charles Schwab has agreed to a $1.5 billion share buyback from TD, part of a broader plan to continue buybacks throughout 2025. These strategic moves demonstrate Schwab’s ongoing commitment to enhancing shareholder value and achieving its financial objectives.

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