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…
