Schroders (LON:SDR) Sets New 52-Week Low at $347.00

Schroders plc (LON:SDR)’s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as GBX 347 ($4.36) and last traded at GBX 348 ($4.37), with a volume of 1338146 shares trading hands. The stock had previously closed at GBX 348.60 ($4.38).

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SDR. JPMorgan Chase & Co. cut their price target on Schroders from GBX 490 ($6.16) to GBX 489 ($6.14) and set an “overweight” rating on the stock in a report on Tuesday, March 5th. Royal Bank of Canada cut their target price on Schroders from GBX 380 ($4.77) to GBX 375 ($4.71) and set a “sector perform” rating on the stock in a research note on Tuesday.

Schroders Stock Up 1.9 %

The firm’s 50 day simple moving average is GBX 376.08 and its 200 day simple moving average is GBX 396.05. The company has a market cap of £5.71 billion, a price-to-earnings ratio of 1,478.33, a price-to-earnings-growth ratio of 1.41 and a beta of 1.21. The company has a quick ratio of 4.32, a current ratio of 1.17 and a debt-to-equity ratio of 7.14.

Schroders Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, May 2nd. Investors of record on Thursday, March 21st were given a GBX 15 ($0.19) dividend. This is a boost from Schroders’s previous dividend of $6.50. This represents a yield of 3.9%. The ex-dividend date of this dividend was Thursday, March 21st. Schroders’s dividend payout ratio (DPR) is currently 9,166.67%.

Insider Buying and Selling at Schroders

In other Schroders news, insider Richard Oldfield purchased 63 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was bought at an average price of GBX 403 ($5.06) per share, with a total value of £253.89 ($318.92). 43.10% of the stock is owned by company insiders.

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.