Schroders (LON:SDR) Share Price Passes Above 200-Day Moving Average - What's Next?

Schroders plc (LON:SDR - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 338.14 ($4.49) and traded as high as GBX 350.80 ($4.66). Schroders shares last traded at GBX 348 ($4.62), with a volume of 1,326,218 shares.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft upped their price target on Schroders from GBX 375 ($4.98) to GBX 400 ($5.31) and gave the stock a "hold" rating in a report on Friday, March 7th. Royal Bank of Canada upped their target price on shares of Schroders from GBX 395 ($5.25) to GBX 475 ($6.31) and gave the stock an "outperform" rating in a research note on Thursday, March 20th. Finally, Canaccord Genuity Group decreased their price target on shares of Schroders from GBX 496 ($6.59) to GBX 337 ($4.48) and set a "hold" rating for the company in a research note on Wednesday, April 30th.

Schroders Stock Performance

The company has a market capitalization of £5.40 billion, a price-to-earnings ratio of 15.20, a PEG ratio of 1.28 and a beta of 1.17. The company has a debt-to-equity ratio of 12.95, a current ratio of 4.90 and a quick ratio of 4.32. The stock has a 50 day simple moving average of GBX 338.13 and a two-hundred day simple moving average of GBX 338.14.

Schroders (LON:SDR - Get Free Report) last issued its earnings results on Friday, March 7th. The company reported GBX 26.40 ($0.35) earnings per share for the quarter. Schroders had a return on equity of 8.65% and a net margin of 12.81%. As a group, analysts anticipate that Schroders plc will post 33.7347131 earnings per share for the current year.

Schroders Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, March 24th. Stockholders of record on Thursday, March 20th were given a dividend of GBX 35.55 ($0.47) per share. This represents a dividend yield of 4.5%. The ex-dividend date of this dividend was Thursday, March 20th. This is an increase from Schroders's previous dividend of $10.00. Schroders's payout ratio is currently 96.08%.

Schroders Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.