Schroders (LON:SDR) has received an average recommendation of “Hold” from the fourteen research firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is GBX 3,515 ($47.68).
A number of research analysts have recently issued reports on SDR shares. Morgan Stanley boosted their price objective on Schroders from GBX 3,450 ($46.80) to GBX 3,750 ($50.87) and gave the company an “equal weight” rating in a research note on Thursday, February 22nd. Credit Suisse Group reaffirmed an “outperform” rating on shares of Schroders in a report on Friday, May 4th. Numis Securities reaffirmed a “hold” rating and issued a GBX 3,700 ($50.19) target price on shares of Schroders in a report on Thursday, March 1st. JPMorgan Chase upped their target price on Schroders from GBX 3,600 ($48.83) to GBX 3,700 ($50.19) and gave the company a “neutral” rating in a report on Wednesday, January 24th. Finally, Liberum Capital reaffirmed a “hold” rating and issued a GBX 3,564 ($48.35) target price on shares of Schroders in a report on Thursday, March 1st.
Schroders traded down GBX 7 ($0.09), hitting GBX 3,442 ($46.69), during midday trading on Thursday, according to MarketBeat Ratings. 459,799 shares of the company were exchanged, compared to its average volume of 645,161. Schroders has a 1-year low of GBX 3,002 ($40.72) and a 1-year high of GBX 3,784 ($51.33).
The company also recently disclosed a dividend, which was paid on Thursday, May 3rd. Investors of record on Thursday, March 22nd were paid a GBX 79 ($1.07) dividend. This is an increase from Schroders’s previous dividend of $34.00. The ex-dividend date of this dividend was Thursday, March 22nd. This represents a yield of 2.33%.
In other news, insider Peter Harrison acquired 1,345 shares of the company’s stock in a transaction that occurred on Thursday, May 3rd. The shares were acquired at an average price of GBX 3,356 ($45.52) per share, for a total transaction of £45,138.20 ($61,229.25). Also, insider Richard Keers sold 15,232 shares of the stock in a transaction on Thursday, March 1st. The stock was sold at an average price of GBX 3,448 ($46.77), for a total value of £525,199.36 ($712,424.53).
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.
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