Schroders plc (SDR) Plans GBX 34 Dividend
Schroders plc (LON:SDR) declared a dividend on Thursday, July 27th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, August 17th will be given a dividend of GBX 34 ($0.44) per share on Thursday, September 21st. This represents a yield of 1.01%. The ex-dividend date of this dividend is Thursday, August 17th. The official announcement can be seen at this link.
Schroders plc (LON SDR) traded up 2.57% during trading on Thursday, reaching GBX 3470.00. The company’s stock had a trading volume of 179,936 shares. The stock’s 50-day moving average is GBX 3,190.31 and its 200 day moving average is GBX 3,113.33. The firm’s market capitalization is GBX 9.55 billion. Schroders plc has a 52-week low of GBX 2,493.00 and a 52-week high of GBX 3,499.00.
A number of brokerages have recently commented on SDR. UBS AG reissued a “buy” rating and set a GBX 3,300 ($42.99) price objective on shares of Schroders plc in a report on Tuesday, April 4th. Liberum Capital increased their price objective on Schroders plc from GBX 2,789 ($36.33) to GBX 3,387 ($44.12) and gave the company a “hold” rating in a report on Wednesday, July 12th. Numis Securities Ltd reissued a “buy” rating and set a GBX 3,738 ($48.70) price objective on shares of Schroders plc in a report on Thursday, April 27th. Credit Suisse Group reissued an “outperform” rating on shares of Schroders plc in a report on Friday, July 21st. Finally, Shore Capital reissued a “hold” rating on shares of Schroders plc in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of GBX 3,239.79 ($42.21).
In other Schroders plc news, insider Peter Harrison sold 4,427 shares of the firm’s stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of GBX 3,141 ($40.92), for a total value of £139,052.07 ($181,151.73). Also, insider Richard Keers acquired 10 shares of Schroders plc stock in a transaction on Monday, June 12th. The stock was purchased at an average price of GBX 3,139 ($40.89) per share, with a total value of £313.90 ($408.94). Insiders acquired a total of 24 shares of company stock valued at $76,694 in the last quarter.
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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