Schroders plc (SDR) To Go Ex-Dividend on March 27th

Schroders plc (LON:SDR) declared a dividend on Thursday, March 6th, DividendData.Co.Uk reports. Shareholders of record on Thursday, March 27th will be given a dividend of GBX 10 ($0.13) per share on Thursday, May 8th. This represents a dividend yield of 3.88%. The ex-dividend date of this dividend is Thursday, March 27th. This is a 53.8% increase from Schroders’s previous dividend of $6.50. The official announcement can be viewed at this link.

Schroders Stock Up 1.3 %

Shares of LON SDR traded up GBX 5 ($0.06) during mid-day trading on Tuesday, hitting GBX 382 ($4.94). The company had a trading volume of 1,603,375 shares, compared to its average volume of 6,106,793. The company has a market capitalization of £5.93 billion, a PE ratio of 16.68, a price-to-earnings-growth ratio of 1.28 and a beta of 1.17. The business’s 50-day simple moving average is GBX 366.16 and its 200 day simple moving average is GBX 343.81. Schroders has a 1-year low of GBX 298.60 ($3.86) and a 1-year high of GBX 428.80 ($5.54). The company has a debt-to-equity ratio of 12.95, a current ratio of 4.90 and a quick ratio of 4.32.

Schroders (LON:SDR) last released its quarterly earnings data on Friday, March 7th. The company reported GBX 26.40 ($0.34) earnings per share (EPS) for the quarter. Schroders had a net margin of 12.81% and a return on equity of 8.65%. On average, analysts predict that Schroders will post 33.7347131 earnings per share for the current year.

Insider Transactions at Schroders

In other Schroders news, insider Richard Oldfield purchased 80 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The stock was purchased at an average price of GBX 313 ($4.04) per share, for a total transaction of £250.40 ($323.56). Insiders own 43.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft boosted their target price on Schroders from GBX 375 ($4.85) to GBX 400 ($5.17) and gave the stock a “hold” rating in a research note on Friday, March 7th. Royal Bank of Canada upped their target price on shares of Schroders from GBX 395 ($5.10) to GBX 475 ($6.14) and gave the company an “outperform” rating in a report on Thursday, March 20th.

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.