Insider Buying: Schroders (LON:SDR) Insider Buys £151.84 in Stock

Schroders plc (LON:SDR) insider Richard Oldfield bought 26 shares of the company’s stock in a transaction on Thursday, August 20th. The shares were acquired at an average cost of GBX 584 per share, for a total transaction of £151.84.

Richard Oldfield also recently made the following trade(s):

• On Monday, August 10th, Richard Oldfield purchased 43 shares of Schroders stock. The stock was acquired at an average price of GBX 584 per share, for a total transaction of £251.12.
• On Wednesday, June 10th, Richard Oldfield purchased 43 shares of Schroders stock. The stock was acquired at an average cost of GBX 584 per share, with a total value of £251.12.

Schroders Stock Up 0.1%

Shares of LON:SDR opened at GBX 584 on Monday. Schroders plc has a fifty-two week low of GBX 358.60 and a fifty-two week high of GBX 599.50. The firm has a 50-day simple moving average of GBX 585.96 and a 200 day simple moving average of GBX 576.57. The company has a market cap of £9.11 billion, a PE ratio of 13.43, a P/E/G ratio of 1.28 and a beta of 1.08.

Schroders (LON:SDR) last released its quarterly earnings results on Thursday, July 30th. The company reported GBX 22.30 earnings per share (EPS) for the quarter. Schroders had a return on equity of 15.55% and a net margin of 19.22%. As a group, research analysts forecast that Schroders plc will post 33.7347131 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Citigroup cut Schroders to a “neutral” rating and upped their target price 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 issued a Hold rating to the company’s stock. Based on data from MarketBeat, Schroders currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 453.33.

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.