Schroders plc (LON:SDR) Insider Peter Harrison Buys 72 Shares

Schroders plc (LON:SDR) insider Peter Harrison acquired 72 shares of Schroders stock in a transaction dated Tuesday, September 10th. The shares were acquired at an average price of GBX 338 ($4.42) per share, with a total value of £243.36 ($318.24).

Schroders Price Performance

Shares of Schroders stock traded down GBX 1.20 ($0.02) during trading on Wednesday, reaching GBX 332.80 ($4.35). The company’s stock had a trading volume of 1,665,512 shares, compared to its average volume of 2,919,938. The stock has a 50-day moving average price of GBX 359.64 and a two-hundred day moving average price of GBX 370.99. The company has a current ratio of 4.89, a quick ratio of 4.32 and a debt-to-equity ratio of 12.71. Schroders plc has a one year low of GBX 327 ($4.28) and a one year high of GBX 447.60 ($5.85). The stock has a market capitalization of £5.36 billion, a P/E ratio of 1,391.67, a price-to-earnings-growth ratio of 1.21 and a beta of 1.17.

Schroders Cuts Dividend

The business also recently declared a dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, August 22nd will be paid a GBX 6.50 ($0.09) dividend. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a dividend yield of 1.65%. Schroders’s dividend payout ratio (DPR) is presently 9,166.67%.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. restated an “overweight” rating on shares of Schroders in a report on Tuesday, September 3rd.

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.