Schroders plc (LON:SDR - Get Free Report) shares hit a new 52-week low on Thursday . The company traded as low as GBX 347 ($4.36) and last traded at GBX 348 ($4.37), with a volume of 1338146 shares changing hands. The stock had previously closed at GBX 348.60 ($4.38).
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on SDR. JPMorgan Chase & Co. lowered their price objective on Schroders from GBX 490 ($6.16) to GBX 489 ($6.14) and set an "overweight" rating on the stock in a report on Tuesday, March 5th. Royal Bank of Canada cut their price objective on Schroders from GBX 380 ($4.77) to GBX 375 ($4.71) and set a "sector perform" rating for the company in a research report on Tuesday.
Get Our Latest Stock Report on SDR
Schroders Price Performance
The company has a debt-to-equity ratio of 7.14, a quick ratio of 4.32 and a current ratio of 1.17. The stock has a market capitalization of £5.61 billion, a price-to-earnings ratio of 1,450.83, a P/E/G ratio of 1.41 and a beta of 1.21. The company has a 50-day moving average of GBX 378.03 and a 200-day moving average of GBX 396.67.
Schroders Increases Dividend
The firm also recently declared a dividend, which will be paid on Thursday, May 2nd. Shareholders of record on Thursday, March 21st will be issued a GBX 15 ($0.19) dividend. The ex-dividend date is Thursday, March 21st. This is an increase from Schroders's previous dividend of $6.50. This represents a yield of 3.9%. Schroders's payout ratio is 9,166.67%.
Insider Buying and Selling at Schroders
In other Schroders news, insider Richard Oldfield purchased 63 shares of the business's stock in a transaction on Monday, February 12th. The stock was bought at an average cost of GBX 403 ($5.06) per share, for a total transaction of £253.89 ($318.92). 43.10% of the stock is currently owned by insiders.
About Schroders
(
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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.
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