Schroders (LON:SDR - Free Report) had its price objective trimmed by Royal Bank of Canada from GBX 380 ($4.77) to GBX 375 ($4.71) in a report published on Tuesday morning, MarketBeat reports. The firm currently has a sector perform rating on the stock.
Separately, JPMorgan Chase & Co. decreased their target price on shares of Schroders from GBX 490 ($6.16) to GBX 489 ($6.14) and set an overweight rating for the company in a research report on Tuesday, March 5th.
Check Out Our Latest Report on Schroders
Schroders Stock Performance
Shares of Schroders stock traded down GBX 6 ($0.08) during trading on Tuesday, hitting GBX 352.80 ($4.43). 1,981,107 shares of the stock were exchanged, compared to its average volume of 1,878,609. The stock's fifty day moving average is GBX 380.12 and its 200 day moving average is GBX 397.28. The stock has a market cap of £5.68 billion, a PE ratio of 1,470.00, a P/E/G ratio of 1.41 and a beta of 1.21. The company has a debt-to-equity ratio of 7.14, a quick ratio of 4.32 and a current ratio of 1.17. Schroders has a 12 month low of GBX 347 ($4.36) and a 12 month high of GBX 488.60 ($6.14).
Schroders Increases Dividend
The business also recently announced a dividend, which will be paid on Thursday, May 2nd. Investors of record on Thursday, March 21st will be given a GBX 15 ($0.19) dividend. This represents a yield of 3.9%. The ex-dividend date is Thursday, March 21st. This is a positive change from Schroders's previous dividend of $6.50. Schroders's dividend payout ratio is currently 9,166.67%.
Insider Activity 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, with a total value 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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