Schwab Charles Corp (NYSE:SCHW) CFO Peter B. Crawford recently sold a total of $836,922 worth of company stock, according to the latest SEC filings. The transactions, carried out over two separate days, involved selling shares at prices ranging from $71.0198 to $73.46.
On April 16, 2024, Crawford sold 6,114 shares of Schwab common stock at a weighted average price of $71.0198, as detailed in a footnote of the filing that also stated the trades occurred at varying prices from $71.005 to $71.05. This sale resulted in a total transaction value of approximately $434,000.
Two days later, on April 18, the CFO executed another sale, disposing of 5,482 shares at $73.46 per share, totaling around $402,922. This transaction was also part of a series of trades within the price range specified. Following these sales, Crawford still indirectly owns 60,567 shares of Schwab common stock held by a trust.
In addition to the sales, the filing revealed that on April 18, Crawford exercised options to acquire 5,482 shares of common stock at $28.44 per share, with a total transaction value of $155,908. These shares were immediately contributed to a trust, as indicated in the footnotes of the document. The options were originally granted under the company's 2013 Stock Incentive Plan and had been vesting annually since November 3, 2015.
Investors often monitor insider transactions such as these for insights into executive confidence in their company's prospects. Crawford's recent activity in Schwab's stock provides current data on the movements of the company's shares by one of its top executives.
InvestingPro Insights
As investors digest the recent insider transactions by Schwab Charles Corp's (NYSE:SCHW) CFO, Peter B. Crawford, it's beneficial to consider the broader financial context provided by InvestingPro. Schwab's market capitalization stands at a robust $133.22 billion, reflecting its significant presence in the financial sector. The company's P/E ratio, a measure of its current share price relative to its per-share earnings, is currently at 30.37, suggesting a premium valuation by the market. Adjusting for the last twelve months as of Q1 2024, the P/E ratio slightly moderates to 26.9.
Moreover, Schwab has shown a commitment to shareholder returns, maintaining dividend payments for an impressive 36 consecutive years, with a dividend yield of 1.37% as of early 2024. This consistent dividend could be a signal of the company's stability and a factor for income-focused investors. Additionally, the company has experienced a large price uptick over the last six months, with a total return of 41.73%, trading near its 52-week high and at 98.72% of that peak price.
InvestingPro Tips highlight that Schwab has high shareholder yield and that 10 analysts have revised their earnings upwards for the upcoming period, indicating potential optimism about the company's future performance. For investors seeking more detailed analysis and insights, there are additional InvestingPro Tips available that could provide further depth to Schwab's financial health and outlook. By using the coupon code PRONEWS24, interested readers can get an additional 10% off a yearly or biyearly Pro and Pro+ subscription at InvestingPro. Remember, these metrics and insights can be crucial in making informed investment decisions in the dynamic financial markets.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.