Insider Buying: Schroders plc (LON:SDR) Insider Buys 68 Shares of Stock

Schroders plc (LON:SDR - Get Free Report) insider Richard Oldfield bought 68 shares of the company's stock in a transaction on Tuesday, June 10th. The shares were bought at an average price of GBX 371 ($5.03) per share, for a total transaction of £252.28 ($341.98).

Schroders Trading Down 0.4%

Shares of LON SDR traded down GBX 1.60 ($0.02) during trading hours on Wednesday, hitting GBX 368.40 ($4.99). The company's stock had a trading volume of 1,508,331 shares, compared to its average volume of 5,629,492. The company has a debt-to-equity ratio of 12.95, a quick ratio of 4.32 and a current ratio of 4.90. The stock has a market cap of £5.72 billion, a price-to-earnings ratio of 16.09, a P/E/G ratio of 1.28 and a beta of 1.17. Schroders plc has a 12 month low of GBX 283.40 ($3.84) and a 12 month high of GBX 428.80 ($5.81). The business has a 50-day simple moving average of GBX 334.63 and a 200-day simple moving average of GBX 341.76.

Schroders Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, March 24th. Investors of record on Thursday, March 20th were paid a GBX 35.55 ($0.48) dividend. The ex-dividend date of this dividend was Thursday, March 20th. This is a boost from Schroders's previous dividend of $10.00. This represents a dividend yield of 4.5%. Schroders's dividend payout ratio (DPR) is presently 96.08%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on SDR shares. Royal Bank of Canada increased their price objective on Schroders from GBX 395 ($5.35) to GBX 475 ($6.44) and gave the stock an "outperform" rating in a research report on Thursday, March 20th. JPMorgan Chase & Co. restated a "neutral" rating and set a GBX 357 ($4.84) price target on shares of Schroders in a research report on Monday, May 19th. Canaccord Genuity Group lowered their price target on Schroders from GBX 496 ($6.72) to GBX 337 ($4.57) and set a "hold" rating on the stock in a research report on Wednesday, April 30th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Schroders from GBX 375 ($5.08) to GBX 400 ($5.42) and gave the company a "hold" rating in a research note on Friday, March 7th.

About Schroders

Schroders plc is a publicly owned investment manager. The firm also provides advisory and consultancy services. It provides its services to financial institutions, high net worth clients, large corporate, local authority, charitable entities, individuals, pension plans, government funds, insurance companies, and endowments.