Schroders plc (LON:SDR – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 356.20 ($4.40) and last traded at GBX 357.60 ($4.42), with a volume of 6228141 shares trading hands. The stock had previously closed at GBX 367.20 ($4.54).
Analyst Ratings Changes
Separately, JPMorgan Chase & Co. decreased their target price on shares of Schroders from GBX 490 ($6.05) to GBX 489 ($6.04) and set an “overweight” rating on the stock in a research note on Tuesday, March 5th.
Read Our Latest Research Report on SDR
Schroders Trading Up 1.8 %
Schroders Increases Dividend
The business also recently announced a dividend, which will be paid on Thursday, May 2nd. Shareholders of record on Thursday, March 21st will be paid a dividend of GBX 15 ($0.19) per share. This represents a dividend yield of 3.9%. The ex-dividend date is Thursday, March 21st. This is a boost from Schroders’s previous dividend of $6.50. Schroders’s payout ratio is presently 9,166.67%.
Insiders Place Their Bets
In other Schroders news, insider Richard Oldfield acquired 63 shares of Schroders stock in a transaction that occurred on Monday, February 12th. The shares were bought at an average price of GBX 403 ($4.98) per share, with a total value of £253.89 ($313.60). Insiders own 43.10% of the company’s stock.
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.
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