Insider Buying: Schroders plc (SDR) Insider Acquires 10 Shares of Stock
Schroders plc (LON:SDR) insider Massimo Tosato purchased 10 shares of the business’s stock in a transaction dated Monday, October 10th. The shares were acquired at an average cost of GBX 2,763 ($34.20) per share, for a total transaction of £276.30 ($341.96).
Schroders plc (LON:SDR) traded up 0.98% during trading on Tuesday, reaching GBX 2796.00. 324,809 shares of the company’s stock traded hands. The company’s market cap is GBX 7.68 billion. Schroders plc has a 12 month low of GBX 1,960.00 and a 12 month high of GBX 3,067.00. The firm’s 50 day moving average is GBX 2,747.00 and its 200 day moving average is GBX 2,609.26.
The company also recently disclosed a dividend, which was paid on Thursday, September 22nd. Shareholders of record on Thursday, August 18th were paid a dividend of GBX 29 ($0.36) per share. The ex-dividend date was Thursday, August 18th. This represents a yield of 1.15%.
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A number of research firms have recently weighed in on SDR. BNP Paribas lifted their price target on Schroders plc from GBX 2,600 ($32.18) to GBX 2,850 ($35.27) and gave the company a “neutral” rating in a report on Tuesday. Macquarie reissued an “underperform” rating and set a GBX 2,214 ($27.40) target price on shares of Schroders plc in a report on Friday. Numis Securities Ltd boosted their target price on Schroders plc from GBX 3,556 ($44.01) to GBX 3,685 ($45.61) and gave the stock a “buy” rating in a report on Wednesday, October 5th. Goldman Sachs Group Inc. boosted their target price on Schroders plc from GBX 2,930 ($36.26) to GBX 3,000 ($37.13) and gave the stock a “neutral” rating in a report on Tuesday, September 27th. Finally, JPMorgan Chase & Co. boosted their target price on Schroders plc from GBX 3,000 ($37.13) to GBX 3,200 ($39.60) and gave the stock an “overweight” rating in a report on Tuesday, September 13th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of GBX 2,874.50 ($35.58).
About Schroders plc
Schroders plc (Schroders) is the parent company of an international asset management and private banking group. Schroders operates three business segments: Asset Management, Private Banking and Group. Asset Management includes three divisions: Investment, which consists of its portfolio management, research and dealing functions across a product range covering equities, fixed income, multi-asset and alternatives; Distribution, which employs people globally, specialising in sales, client service, marketing, product development and product management, and serving institutional and intermediary sales channels, and Infrastructure, which employs people in the information technology, operations, finance, risk management, human resources, legal, compliance and internal audit.
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