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Director Carolyn Schwab-Pomerantz of Schwab Charles Corp (NYSE:SCHW), a prominent player in the Capital Markets industry with a market capitalization of $167 billion, sold a total of 24,000 shares of common stock on September 4, 2025, for approximately $2.3 million. According to InvestingPro data, the company maintains a "GOOD" Financial Health score and boasts a perfect Piotroski Score of 9.
The sales were executed in two separate transactions. The first involved 14,400 shares sold at a weighted average price of $96.6377, with individual prices ranging from $96.235 to $96.93. The second transaction involved 9,600 shares sold at a weighted average price of $96.6372, with prices ranging from $96.235 to $96.92. The stock currently trades near its 52-week high of $99.59, with analysts maintaining a bullish outlook.
The transactions were executed under a Rule 10b5-1 trading plan adopted on August 14, 2024. Following the transactions, Schwab-Pomerantz directly holds 9,624 shares, 2,798 by LLC, 450,514 by Spouse as Trustee and 1,449,256.6599 by Trust. For deeper insights into insider trading patterns and comprehensive analysis, access the detailed Pro Research Report available on InvestingPro.
In other recent news, Charles Schwab Corporation reported a record-breaking performance for July, attracting $46.9 billion in core net new assets, marking a 62% increase from the same month last year. Total client assets reached $10.96 trillion, a 15% year-over-year increase. The company also opened 377,000 new brokerage accounts, up 15% from July 2024. Additionally, Charles Schwab announced a new $20 billion share repurchase program, replacing a previous authorization that had $6.9 billion remaining. The board declared a regular quarterly cash dividend of $0.27 per common share. Analysts have responded positively to these developments, with Truist Securities raising its price target to $112 and maintaining a Buy rating. Similarly, TD Cowen increased its price target to $129 following the buyback announcement. Keefe, Bruyette & Woods also raised its price target to $108, citing Schwab’s adjusted earnings per share of $1.14, which surpassed both their estimate and the consensus expectation. These updates reflect significant growth and strategic initiatives by Charles Schwab.
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