Schroders plc (LON:SDR) Insider Acquires £137,200 in Stock

Schroders plc (LON:SDR) insider Elizabeth Corley bought 40,000 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were acquired at an average price of GBX 343 ($4.41) per share, with a total value of £137,200 ($176,485.72).

Schroders Stock Performance

LON:SDR opened at GBX 345 ($4.44) on Monday. The company has a current ratio of 1.17, a quick ratio of 4.32 and a debt-to-equity ratio of 7.14. The firm has a 50-day moving average price of GBX 379.71 and a two-hundred day moving average price of GBX 382.91. Schroders plc has a twelve month low of GBX 336.40 ($4.33) and a twelve month high of GBX 447.60 ($5.76). The company has a market capitalization of £5.55 billion, a P/E ratio of 1,437.50, a price-to-earnings-growth ratio of 1.44 and a beta of 1.18.

Schroders Cuts Dividend

The company also recently declared a dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, August 22nd will be issued a dividend of GBX 6.50 ($0.08) per share. The ex-dividend date is Thursday, August 22nd. This represents a dividend yield of 1.65%. Schroders’s dividend payout ratio (DPR) is presently 9,166.67%.

Analyst Ratings Changes

Separately, Royal Bank of Canada dropped their target price on shares of Schroders from GBX 380 ($4.89) to GBX 375 ($4.82) and set a “sector perform” rating for the company in a report on Tuesday, April 30th.

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.