Meagen Burnett Acquires 34 Shares of Schroders (LON:SDR) Stock

Schroders plc (LON:SDR) insider Meagen Burnett bought 34 shares of the business’s stock in a transaction on Monday, August 10th. The stock was bought at an average cost of GBX 584 per share, for a total transaction of £198.56.

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

• On Wednesday, June 10th, Meagen Burnett acquired 34 shares of Schroders stock. The shares were acquired at an average cost of GBX 584 per share, for a total transaction of £198.56.

Schroders Price Performance

LON:SDR opened at GBX 582.63 on Tuesday. The business’s 50-day simple moving average is GBX 585.97 and its 200-day simple moving average is GBX 568.40. Schroders plc has a fifty-two week low of GBX 358.60 and a fifty-two week high of GBX 599.50. The stock has a market capitalization of £9.09 billion, a PE ratio of 13.39, a price-to-earnings-growth ratio of 1.28 and a beta of 1.08.

Schroders (LON:SDR) last issued its quarterly earnings results on Thursday, July 30th. The company reported GBX 22.30 earnings per share for the quarter. Schroders had a net margin of 19.94% and a return on equity of 15.55%. On average, research analysts expect that Schroders plc will post 33.7347131 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Citigroup lowered Schroders to a “neutral” rating and raised their price objective for the company from GBX 460 to GBX 590 in a research note on Thursday, April 30th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Schroders currently has an average rating of “Moderate Buy” and an average price target 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.