Insider Buying: Schroders (LON:SDR) Insider Acquires £251.12 in Stock

Schroders plc (LON:SDR) insider Richard Oldfield purchased 43 shares of Schroders stock in a transaction that occurred on Monday, August 10th. The shares were bought at an average price of GBX 584 per share, with a total value of £251.12.

Richard Oldfield also recently made the following trade(s):

• On Wednesday, June 10th, Richard Oldfield purchased 43 shares of Schroders stock. The stock was bought at an average cost of GBX 584 per share, with a total value of £251.12.

Schroders Trading Up 0.2%

Schroders stock opened at GBX 584 on Friday. The firm has a market cap of £9.11 billion, a PE ratio of 13.43, a P/E/G ratio of 1.28 and a beta of 1.08. Schroders plc has a 12 month low of GBX 358.60 and a 12 month high of GBX 599.50. The stock’s 50 day simple moving average is GBX 585.93 and its two-hundred day simple moving average is GBX 571.04.

Schroders (LON:SDR) last posted its earnings results on Thursday, July 30th. The company reported GBX 22.30 earnings per share for the quarter. Schroders had a net margin of 19.94% and a return on equity of 15.55%. On average, equities research analysts forecast that Schroders plc will post 33.7347131 EPS for the current year.

Wall Street Analyst Weigh In

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