Schroders plc (SDR) Insider Sells £7,378,991.62 in Stock
Schroders plc (LON:SDR) insider Michael W. R. Dobson sold 213,389 shares of Schroders plc stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of GBX 3,458 ($45.46), for a total transaction of £7,378,991.62 ($9,701,540.39).
Schroders plc (LON SDR) traded down 0.35% during trading on Wednesday, reaching GBX 3435.00. 207,855 shares of the company’s stock were exchanged. Schroders plc has a 12 month low of GBX 2,712.42 and a 12 month high of GBX 3,522.00. The firm’s 50-day moving average price is GBX 3,343.35 and its 200-day moving average price is GBX 3,242.69. The firm’s market cap is GBX 9.46 billion.
The business also recently declared a dividend, which was paid on Thursday, September 21st. Investors of record on Thursday, August 17th were given a GBX 34 ($0.45) dividend. This represents a yield of 1.01%. The ex-dividend date of this dividend was Thursday, August 17th.
A number of brokerages recently weighed in on SDR. J P Morgan Chase & Co downgraded shares of Schroders plc to a “neutral” rating and lowered their target price for the stock from GBX 3,750 ($49.30) to GBX 3,550 ($46.67) in a report on Thursday, September 21st. Berenberg Bank began coverage on shares of Schroders plc in a report on Thursday, June 15th. They set a “buy” rating and a GBX 3,580 ($47.07) target price on the stock. BNP Paribas restated a “neutral” rating and set a GBX 3,000 ($39.44) target price on shares of Schroders plc in a report on Tuesday, July 18th. Numis Securities Ltd downgraded shares of Schroders plc to a “hold” rating and lowered their target price for the stock from GBX 3,750 ($49.30) to GBX 3,560 ($46.81) in a report on Friday, September 22nd. Finally, Shore Capital restated a “hold” rating on shares of Schroders plc in a report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the stock. Schroders plc currently has a consensus rating of “Hold” and an average target price of GBX 3,398.73 ($44.68).
Schroders plc 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.
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