Schroders (LON:SDR) Stock Price Passes Above 200 Day Moving Average - Here's Why

Schroders plc (LON:SDR - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 338.95 ($4.51) and traded as high as GBX 343.60 ($4.57). Schroders shares last traded at GBX 340 ($4.52), with a volume of 2,460,475 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SDR. Royal Bank of Canada lifted their price objective on shares of Schroders from GBX 395 ($5.26) to GBX 475 ($6.32) and gave the company an "outperform" rating in a research note on Thursday, March 20th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Schroders from GBX 375 ($4.99) to GBX 400 ($5.32) and gave the company a "hold" rating in a report on Friday, March 7th. Finally, Canaccord Genuity Group cut their price objective on Schroders from GBX 496 ($6.60) to GBX 337 ($4.48) and set a "hold" rating for the company in a report on Wednesday, April 30th.

Schroders Trading Down 0.3%

The company has a current ratio of 4.90, a quick ratio of 4.32 and a debt-to-equity ratio of 12.95. The business has a 50 day moving average price of GBX 341.24 and a 200 day moving average price of GBX 338.42. The company has a market capitalization of £5.41 billion, a P/E ratio of 15.22, a PEG ratio of 1.28 and a beta of 1.17.

Schroders (LON:SDR - Get Free Report) last posted its quarterly 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%. Analysts anticipate that Schroders plc will post 33.7347131 EPS for the current year.

Schroders Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, March 24th. Investors of record on Thursday, March 20th were paid a GBX 35.55 ($0.47) dividend. This represents a yield of 4.5%. The ex-dividend date of this dividend was Thursday, March 20th. This is a boost from Schroders's previous dividend of $10.00. Schroders's dividend payout ratio is 96.08%.

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.