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MarketScreener Homepage  >  Equities  >  Nyse  >  The Charles Schwab Corporation    SCHW

THE CHARLES SCHWAB CORPORATION

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Charles Schwab : to Acquire Wasmer, Schroeder

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02/24/2020 | 05:46pm EDT

By Stephen Nakrosis

Charles Schwab Corp. on Monday said it agreed to acquire Wasmer, Schroeder & Co. LLC, an independent investment manager of fixed-income separately managed accounts.

The financial terms of the all-cash deal weren't disclosed, and the transaction is expected to close around the middle of the year.

Charles Schwab said Wasmer Schroeder has over $10.5 billion in assets under management. Wasmer Schroeder, which was founded in 1987, has over 60 employees, including more than 30 investment professionals. "Schwab looks forward to welcoming Wasmer Schroeder's team when the transaction closes," the company said.

Schwab also said the acquisition "enables the growth of Schwab's fixed income separately managed account business with an opportunity for increased asset flows."

 

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

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Financials (USD)
Sales 2020 9 963 M
EBIT 2020 3 967 M
Net income 2020 2 753 M
Finance 2020 44 332 M
Yield 2020 2,19%
P/E ratio 2020 15,6x
P/E ratio 2021 17,4x
EV / Sales2020 -0,21x
EV / Sales2021 0,16x
Capitalization 42 266 M
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Technical analysis trends THE CHARLES SCHWAB CORPORA
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Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 38,59 $
Last Close Price 32,83 $
Spread / Highest target 46,2%
Spread / Average Target 17,6%
Spread / Lowest Target 3,56%
EPS Revisions
Managers
NameTitle
Walter William Bettinger President, Chief Executive Officer & Director
Charles Robert Schwab Chairman
Joseph Raymond Martinetto Chief Operating Officer & Senior Executive VP
Peter B. Crawford Chief Financial Officer & Executive Vice President
Tim Heier Chief Technology Officer & Executive VP
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