Insider Buying: Schroders (LON:SDR) Insider Purchases 34 Shares of Stock

Schroders plc (LON:SDR) insider Meagen Burnett acquired 34 shares of the stock in a transaction dated Monday, August 10th. The stock was bought at an average price of GBX 584 per share, with a total value of £198.56.

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

• On Wednesday, June 10th, Meagen Burnett purchased 34 shares of Schroders stock. The stock was bought at an average price of GBX 584 per share, with a total value of £198.56.

Schroders Trading Up 0.0%

SDR opened at GBX 582.63 on Tuesday. Schroders plc has a 1-year low of GBX 358.60 and a 1-year high of GBX 599.50. The company has a market cap of £9.09 billion, a P/E ratio of 13.39, a price-to-earnings-growth ratio of 1.28 and a beta of 1.08. The company has a fifty day moving average price of GBX 585.97 and a two-hundred day moving average price of GBX 568.40.

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

Wall Street Analysts Forecast Growth

Separately, Citigroup lowered shares of Schroders to a “neutral” rating and boosted their price target for the company from GBX 460 to GBX 590 in a research note on Thursday, April 30th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Schroders has a consensus rating of “Moderate Buy” and an average 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.