Insider Buying: Schroders (LON:SDR) Insider Acquires 34 Shares of Stock

Schroders plc (LON:SDR) insider Meagen Burnett bought 34 shares of Schroders stock in a transaction on Monday, May 11th. The shares were bought at an average price of GBX 581 per share, for a total transaction of £197.54.

Meagen Burnett also recently made the following trade(s):

• On Friday, April 10th, Meagen Burnett bought 34 shares of Schroders stock. The shares were bought at an average price of GBX 579 per share, for a total transaction of £196.86.
• On Tuesday, March 10th, Meagen Burnett bought 34 shares of Schroders stock. The shares were bought at an average price of GBX 586 per share, for a total transaction of £199.24.

Schroders Trading Down 0.1%

SDR traded down GBX 0.50 during midday trading on Tuesday, reaching GBX 580.50. 3,226,680 shares of the company were exchanged, compared to its average volume of 16,432,285. The company has a debt-to-equity ratio of 20.74, a quick ratio of 4.32 and a current ratio of 92.37. Schroders plc has a one year low of GBX 334 and a one year high of GBX 599.50. The stock has a market capitalization of £9.05 billion, a P/E ratio of 17.28, a PEG ratio of 1.28 and a beta of 1.08. The stock’s 50-day simple moving average is GBX 578.46 and its 200 day simple moving average is GBX 482.42.

Schroders (LON:SDR) last released its quarterly earnings data on Thursday, February 12th. The company reported GBX 36.60 earnings per share for the quarter. Schroders had a return on equity of 12.35% and a net margin of 16.44%. As a group, analysts forecast that Schroders plc will post 33.7347131 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Citigroup cut Schroders to a “neutral” rating and lifted their price objective for the company from GBX 460 to GBX 590 in a report on Thursday, April 30th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 453.33.

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. The firm launches and manages equity mutual funds and manages fixed income mutual funds for its clients. It also manages hedge for its clients. The firm invests in the public equity, fixed income, and alternative investment markets across the globe.