Schroders (LON:SDR) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Schroders plc (LON:SDR) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 344.47 ($4.51) and traded as high as GBX 352.40 ($4.62). Schroders shares last traded at GBX 348.80 ($4.57), with a volume of 2,296,373 shares trading hands.

Wall Street Analyst Weigh In

Several research firms have commented on SDR. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Schroders from GBX 375 ($4.91) to GBX 400 ($5.24) and gave the stock a “hold” rating in a research note on Friday, March 7th. Royal Bank of Canada boosted their price target on shares of Schroders from GBX 395 ($5.18) to GBX 475 ($6.22) and gave the stock an “outperform” rating in a research note on Thursday, March 20th.

Schroders Trading Down 3.7 %

The company has a current ratio of 4.90, a quick ratio of 4.32 and a debt-to-equity ratio of 12.95. The firm has a market cap of £5.13 billion, a PE ratio of 14.45, a PEG ratio of 1.28 and a beta of 1.17. The firm has a fifty day simple moving average of GBX 371.25 and a two-hundred day simple moving average of GBX 344.37.

Schroders (LON:SDR) last issued its quarterly earnings data on Friday, March 7th. The company reported GBX 26.40 ($0.35) earnings per share (EPS) for the quarter. Schroders had a net margin of 12.81% and a return on equity of 8.65%. Equities analysts forecast that Schroders plc will post 33.7347131 EPS for the current year.

Schroders Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, March 24th. Shareholders of record on Thursday, March 20th were given a dividend of GBX 35.55 ($0.47) per share. This represents a yield of 4.5%. This is a boost from Schroders’s previous dividend of $10.00. The ex-dividend date of this dividend was Thursday, March 20th. Schroders’s payout ratio is presently 96.08%.

Insider Activity

In related news, insider Richard Oldfield purchased 80 shares of the company’s stock in a transaction dated Friday, January 10th. The shares were purchased at an average cost of GBX 313 ($4.10) per share, with a total value of £250.40 ($328.09). 43.09% of the stock is currently owned by company insiders.

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.