Schroders (LON:SDR) Receives “Overweight” Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their overweight rating on shares of Schroders (LON:SDR) in a research note released on Tuesday morning, Marketbeat Ratings reports.

Schroders Trading Down 1.7 %

Shares of SDR stock opened at GBX 333.20 ($4.38) on Tuesday. The company has a debt-to-equity ratio of 12.71, a current ratio of 4.89 and a quick ratio of 4.32. The company has a market cap of £5.36 billion, a price-to-earnings ratio of 1,388.33, a PEG ratio of 1.21 and a beta of 1.17. Schroders has a 1 year low of GBX 327 ($4.30) and a 1 year high of GBX 447.60 ($5.89). The firm has a fifty day moving average price of GBX 360.16 and a 200-day moving average price of GBX 371.89.

Schroders Cuts Dividend

The business also recently declared a dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, August 22nd will be given a GBX 6.50 ($0.09) dividend. This represents a yield of 1.65%. The ex-dividend date is Thursday, August 22nd. Schroders’s payout ratio is 9,166.67%.

Insider Activity

In other news, insider Richard Oldfield bought 75 shares of Schroders stock in a transaction that occurred on Monday, August 12th. The stock was bought at an average cost of GBX 337 ($4.43) per share, with a total value of £252.75 ($332.35). In other Schroders news, insider Elizabeth Corley purchased 40,000 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were acquired at an average cost of GBX 343 ($4.51) per share, with a total value of £137,200 ($180,407.63). Also, insider Richard Oldfield acquired 75 shares of the stock in a transaction dated Monday, August 12th. The stock was acquired at an average price of GBX 337 ($4.43) per share, for a total transaction of £252.75 ($332.35). Insiders have purchased a total of 40,140 shares of company stock valued at $13,770,040 in the last ninety days. Corporate insiders own 43.09% 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.