Insider Buying: Schroders (LON:SDR) Insider Buys £205.48 in Stock

Schroders plc (LON:SDR) insider Meagen Burnett acquired 44 shares of the business’s stock in a transaction on Tuesday, February 10th. The shares were purchased at an average cost of GBX 467 per share, for a total transaction of £205.48.

Meagen Burnett also recently made the following trade(s):

• On Monday, January 12th, Meagen Burnett bought 48 shares of Schroders stock. The stock was purchased at an average cost of GBX 416 per share, with a total value of £199.68.

Schroders Trading Down 0.1%

SDR opened at GBX 587.16 on Friday. The company has a quick ratio of 4.32, a current ratio of 4.90 and a debt-to-equity ratio of 12.95. Schroders plc has a 52 week low of GBX 283.40 and a 52 week high of GBX 599.50. The stock has a market cap of £9.10 billion, a PE ratio of 26.33, a PEG ratio of 1.28 and a beta of 1.17. The business has a 50 day moving average of GBX 432.17 and a 200-day moving average of GBX 401.11.

Schroders (LON:SDR) last announced its earnings results on Thursday, February 12th. The company reported GBX 36.60 EPS for the quarter. Schroders had a net margin of 12.81% and a return on equity of 8.65%. Equities research analysts predict that Schroders plc will post 33.7347131 earnings per share for the current fiscal year.

More Schroders News

Here are the key news stories impacting Schroders this week:

• Positive Sentiment: Nuveen/TIAA agreed to buy Schroders for about $14bn, delivering a takeover premium that materially revalues the company and underpins the recent rally. MarketWatch: Nuveen to buy Schroders
• Positive Sentiment: Schroders reported a strong set of results (profits up ~21%) at the time the takeover was announced, which supports the rationale and valuation for an acquirer. That earnings strength makes the deal look more attractive and credible. Investors Chronicle: Profits surge
• Neutral Sentiment: Analysts and the market are repositioning: Reuters flags the Schroders sale as a catalyst that puts other European asset managers in play, which may spur sector M&A speculation and re-rating across peers. Reuters: Sale puts peers in play
• Neutral Sentiment: Company quarterly results: Schroders reported GBX 36.60 EPS and solid margins/ROE — supportive fundamentals but now secondary to the takeover dynamics. Press release: Quarterly results
• Neutral Sentiment: Small insider purchases (Meagen Burnett, Richard Oldfield) have been reported — modestly bullish as a signal of insider confidence but too small to move fundamentals. InsiderTrades: Insider buying
• Negative Sentiment: Some investors may react negatively to the end of Schroders’ long-standing independence and family involvement (family reportedly sells out), creating uncertainty around culture, client retention and integration risks under new ownership. MSN: Family sells out / FTSE coverage

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SDR. UBS Group reissued a “buy” rating and issued a GBX 455 price target on shares of Schroders in a research report on Friday, October 17th. Royal Bank Of Canada increased their target price on Schroders from GBX 435 to GBX 440 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Citigroup reduced their price target on Schroders from GBX 435 to GBX 430 and set a “buy” rating for the company in a report on Friday, October 24th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 420 price target on shares of Schroders in a research note on Friday, January 9th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating on shares of Schroders in a research report on Friday, January 9th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 413.86.

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.