Peter Harrison Acquires 7 Shares of Schroders plc (SDR) Stock
Schroders plc (LON:SDR) insider Peter Harrison purchased 7 shares of the stock in a transaction on Wednesday, May 10th. The shares were bought at an average cost of GBX 3,261 ($42.18) per share, for a total transaction of £228.27 ($295.23).
Shares of Schroders plc (LON:SDR) traded down 1.29% on Friday, hitting GBX 3224.00. The stock had a trading volume of 529,070 shares. The company has a 50-day moving average of GBX 3,133.31 and a 200 day moving average of GBX 3,006.82. The company’s market capitalization is GBX 8.87 billion. Schroders plc has a 52 week low of GBX 1,960.00 and a 52 week high of GBX 3,284.00.
The company also recently announced a dividend, which was paid on Thursday, May 4th. Shareholders of record on Thursday, March 30th were given a GBX 64 ($0.83) dividend. This is an increase from Schroders plc’s previous dividend of $29.00. This represents a yield of 2.1%. The ex-dividend date of this dividend was Thursday, March 30th.
Several research analysts have weighed in on the company. Numis Securities Ltd reaffirmed a “buy” rating and set a GBX 3,738 ($48.34) price target on shares of Schroders plc in a research report on Wednesday, May 3rd. JPMorgan Chase & Co. boosted their price target on Schroders plc from GBX 3,600 ($46.56) to GBX 3,650 ($47.21) and gave the stock an “overweight” rating in a research report on Friday, April 28th. Liberum Capital reaffirmed a “hold” rating and set a GBX 2,750 ($35.57) price target on shares of Schroders plc in a research report on Thursday, April 27th. Shore Capital reaffirmed a “hold” rating on shares of Schroders plc in a research report on Thursday, April 27th. Finally, Jefferies Group LLC boosted their price target on Schroders plc from GBX 3,345 ($43.26) to GBX 3,450 ($44.62) and gave the stock a “buy” rating in a research report on Monday, April 10th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. Schroders plc presently has an average rating of “Hold” and an average target price of GBX 3,108.62 ($40.20).
Schroders plc Company Profile
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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