Schroders (LON:SDR) Announces Earnings Results

Schroders (LON:SDR) released its quarterly earnings results on Thursday. The company reported GBX 22.30 EPS for the quarter, Digital Look Earnings reports. Schroders had a return on equity of 12.35% and a net margin of 16.44%.

Schroders Trading Down 0.0%

Shares of LON:SDR traded down GBX 0.15 during mid-day trading on Thursday, reaching GBX 588.35. 2,181,778 shares of the company’s stock were exchanged, compared to its average volume of 13,156,280. The business’s fifty day moving average price is GBX 585.36 and its 200-day moving average price is GBX 559.97. Schroders has a twelve month low of GBX 358.60 and a twelve month high of GBX 599.50. The firm has a market capitalization of £9.17 billion, a price-to-earnings ratio of 17.51, a PEG ratio of 1.28 and a beta of 1.08. The company has a debt-to-equity ratio of 20.74, a quick ratio of 4.32 and a current ratio of 92.37.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In related news, insider Richard Oldfield purchased 43 shares of Schroders stock in a transaction on Wednesday, June 10th. The stock was acquired at an average cost of GBX 584 per share, for a total transaction of £251.12. Insiders purchased 173 shares of company stock valued at $100,798 in the last ninety days. Insiders own 1.72% of the company’s stock.

Schroders 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. 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.