Schroders' near-three-century run as an independent, family-influenced asset manager is drawing to a close. On Feb. 12, 2026, Nuveen—the asset managment arm of US pension provider TIAA—made a cash offer for the entire share capital of Schroders.
The asset-management business model remains highly cash-generative with a limited need for fixed or working capital investment combined with wide operating margins driving profitability.
The active asset-management industry is in secular decline. Schroders has not been an exception. Fee margins have declined by one third over the past decade and the declining trend is showing no signs of slowing down as competition from passive investment and regulatory pressure continue to eat into margins.
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Metric
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SDR
|
BAER
|
DWS
|
|---|---|---|---|
Price/Earnings (Normalized) | 15.36 | 11.72 | 12.79 |
Price/Book Value | 2.02 | 1.99 | 1.81 |
Price/Sales | 2.70 | 3.30 | 2.65 |
Price/Cash Flow | 13.59 | 9.14 | 15.77 |
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Metric
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SDR
|
BAER
|
DWS
|
|---|---|---|---|
Quick Ratio | 4.26 | — | 0.52 |
Current Ratio | 4.39 | — | 0.52 |
Interest Coverage | 38.17 | — | — |
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Metric
|
SDR
|
BAER
|
DWS
|
|---|---|---|---|
Return on Assets (Normalized) | 2.89% | 1.04% | 7.05% |
Return on Equity (Normalized) | 15.81% | 16.06% | 11.24% |
Return on Invested Capital (Normalized) | 13.60% | — | 10.96% |
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1-Day Chart
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Name
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Price
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Morningstar Rating for Stocks
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Capital Allocation
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Economic Moat
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Market Cap
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United States