Schroders (LON:SDR) Hits New 1-Year Low at $347.00

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

Analyst Ratings Changes

A number of brokerages have weighed in on SDR. JPMorgan Chase & Co. dropped their target price on shares of Schroders from GBX 490 ($6.16) to GBX 489 ($6.14) and set an “overweight” rating for the company in a research note on Tuesday, March 5th. Royal Bank of Canada lowered their price target on shares of Schroders from GBX 380 ($4.77) to GBX 375 ($4.71) and set a “sector perform” rating for the company in a report on Tuesday.

Schroders Trading Up 1.9 %

The company has a quick ratio of 4.32, a current ratio of 1.17 and a debt-to-equity ratio of 7.14. The company has a market cap of £5.71 billion, a P/E ratio of 1,478.33, a P/E/G ratio of 1.41 and a beta of 1.21. The business has a 50-day moving average price of GBX 376.08 and a two-hundred day moving average price of GBX 396.05.

Schroders Increases Dividend

The company also recently disclosed 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 represents a yield of 3.9%. This is a positive change from Schroders’s previous dividend of $6.50. The ex-dividend date was Thursday, March 21st. Schroders’s dividend payout ratio (DPR) is presently 9,166.67%.

Insider Buying and Selling at Schroders

In other Schroders news, insider Richard Oldfield purchased 63 shares of the stock in a transaction dated Monday, February 12th. The stock was bought at an average price of GBX 403 ($5.06) per share, for a total transaction of £253.89 ($318.92). Corporate insiders own 43.10% 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.