Schroders (LON:SDR) Announces Earnings Results

Schroders (LON:SDR) issued its quarterly earnings results on Thursday. The company reported GBX 22.30 earnings per share for the quarter, Digital Look Earnings reports. Schroders had a return on equity of 12.35% and a net margin of 16.44%.

Schroders Price Performance

Shares of SDR opened at GBX 588 on Friday. The business’s 50-day moving average is GBX 585.49 and its 200-day moving average is GBX 561.17. The company has a market capitalization of £9.17 billion, a price-to-earnings ratio of 17.50, a P/E/G ratio of 1.28 and a beta of 1.08. Schroders has a fifty-two week low of GBX 358.60 and a fifty-two week high of GBX 599.50. The company has a debt-to-equity ratio of 20.74, a current ratio of 92.37 and a quick ratio of 4.32.

Insider Buying and Selling at Schroders

In related news, insider Richard Oldfield purchased 44 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were acquired at an average cost of GBX 581 per share, with a total value of £255.64. Insiders have acquired 173 shares of company stock valued at $100,798 over the last 90 days. Corporate insiders own 1.72% of the company’s stock.

Analysts Set New Price Targets

Separately, Citigroup cut shares of Schroders to a “neutral” rating and raised their target price for the stock from GBX 460 to GBX 590 in a report on Thursday, April 30th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 453.33.

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. The firm launches and manages equity mutual funds and manages fixed income mutual funds for its clients. It also manages hedge for its clients. The firm invests in the public equity, fixed income, and alternative investment markets across the globe.