Insider Buying: Schroders plc (LON:SDR) Insider Buys £252.75 in Stock

Schroders plc (LON:SDR) insider Richard Oldfield acquired 75 shares of the company’s stock in a transaction dated Monday, August 12th. The stock was acquired at an average price of GBX 337 ($4.30) per share, for a total transaction of £252.75 ($322.71).

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

• On Monday, June 10th, Richard Oldfield acquired 65 shares of Schroders stock. The stock was acquired at an average price of GBX 381 ($4.86) per share, for a total transaction of £247.65 ($316.20).

Schroders Trading Up 1.3 %

Schroders stock opened at GBX 347.20 ($4.43) on Friday. Schroders plc has a 52 week low of GBX 327 ($4.18) and a 52 week high of GBX 447.60 ($5.72). The company has a debt-to-equity ratio of 7.00, a quick ratio of 4.32 and a current ratio of 4.89. The firm has a market capitalization of £5.59 billion, a PE ratio of 1,509.57, a PEG ratio of 1.32 and a beta of 1.22. The business’s 50-day simple moving average is GBX 370.26 and its 200-day simple moving average is GBX 378.55.

Schroders Cuts Dividend

The company also recently declared a dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, August 22nd will be paid a dividend of GBX 6.50 ($0.08) per share. The ex-dividend date is Thursday, August 22nd. This represents a yield of 1.65%. Schroders’s dividend payout ratio is 9,565.22%.

Analyst Ratings Changes

Separately, Royal Bank of Canada dropped their price objective on Schroders from GBX 380 ($4.85) to GBX 375 ($4.79) and set a “sector perform” rating on the stock in a research note 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.