Morgan Peter J. III, the General Counsel of Schwab Charles Corp (NYSE:), has recently sold a significant block of company stock. The transaction comes as Schwab’s shares trade near their 52-week high of $83.35, having gained over 28% in the past six months. According to InvestingPro analysis, the company’s stock currently shows potential for further upside based on its Fair Value assessment. According to a recent SEC filing, Morgan sold 14,643 shares of common stock on January 22, 2025. The shares were sold at an average price of $80.70, resulting in a total transaction value of approximately $1.18 million. With a current market capitalization of $149.59 billion and a P/E ratio of 27.29, Schwab remains one of the financial sector’s key players.
Prior to the sale, Morgan exercised nonqualified stock options to acquire the same number of shares at a price of $41.98 each. The transaction reflects Morgan’s activity in managing his holdings in Schwab Charles Corp, where he now holds a reduced position in direct ownership following these transactions. The sale was executed in multiple trades with prices ranging from $80.505 to $80.95 per share. For deeper insights into insider transactions and comprehensive financial analysis, access the detailed Pro Research Report available on InvestingPro.
In other recent news, Charles Schwab Corporation has been the focus of several analyst updates. Truist Securities raised the company’s stock target to $90, maintaining a buy rating, following a robust fourth-quarter performance and optimistic projections for 2025. This increase in the price target resulted from a projected 5% increase in the company’s estimated earnings per share for 2025, which is now set at $4.00.
Piper Sandler also adjusted its outlook on Charles Schwab, increasing the price target to $78 while maintaining a neutral rating. This decision followed the company’s stronger-than-anticipated revenue and lower expenses in its fourth-quarter earnings report. Charles Schwab reported net revenues of $5.33 billion for the fourth quarter, surpassing Piper Sandler’s estimate by $131 million.
Raymond (NSE:) James expressed confidence in Charles Schwab, raising its price target from $86 to $88 while retaining an outperform rating. This adjustment comes after the company’s optimistic fourth-quarter results and initial outlook for 2025. Furthermore, Charles Schwab has seen improvements in net new asset and account growth, signaling a more favorable future performance.
Lastly, Truist Securities has initiated coverage on Charles Schwab with a buy rating and an $85 price target, highlighting the company’s strong revenue growth potential. Barclays (LON:) has upgraded the company’s stock from equal weight to overweight, raising the price target to $95. These recent developments reflect a growing confidence in Schwab’s financial trajectory.
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