BofA’s Hartnett says concentrated U.S. stock returns are likely to persist
Paul V. Woolway, Managing Director, Chief Banking Officer at SCHWAB CHARLES CORP (NYSE:SCHW), sold 3,290 shares of common stock on August 1, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The sale comes as SCHW trades near its 52-week high of $99.59, having delivered impressive returns of 31% year-to-date. InvestingPro analysis indicates the stock is currently fairly valued.
The shares were sold at a weighted average price of $96.0618, for a total value of $316,043. The prices for the transactions ranged from $95.82 to $96.30. This sale was executed under a Rule 10b5-1 trading plan adopted on November 15, 2024. With a market capitalization of $175.3 billion and a 37-year track record of consistent dividend payments, Charles Schwab remains a prominent player in the Capital Markets industry.
Following the transaction, Woolway directly owns 25,153 shares and indirectly owns 41,188.1078 shares by Trust, 7,468 shares by ESPP, 1,138.624 shares by Son 1, and 1,138.624 shares by Son 2. Discover more insights about SCHW’s valuation, financial health, and growth potential with a comprehensive InvestingPro Research Report, featuring expert analysis and key metrics.
In other recent news, Charles Schwab Corporation announced a new $20 billion share repurchase program, replacing a previous authorization that had approximately $6.9 billion remaining. This significant development was followed by the declaration of a regular quarterly cash dividend of $0.27 per common share, set to be paid on August 22. Analysts have responded positively to these updates, with TD Cowen raising its price target for Charles Schwab to $129, maintaining a Buy rating. Keefe, Bruyette & Woods also increased their price target to $108, highlighting Schwab’s adjusted earnings per share of $1.14, which surpassed their estimate and the consensus expectation. Citizens JMP followed suit, elevating their price target to $110, acknowledging the company’s strong second-quarter earnings report. In addition to financial updates, Charles Schwab has expanded its 24-hour trading capabilities, allowing clients to trade over 1,100 securities around the clock through its thinkorswim platform. This expansion includes popular exchange-traded funds and builds on previous enhancements to the company’s trading offerings.
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