Schroders (LON:SDR) Stock Price Crosses Above 200 Day Moving Average - Here's What Happened

Schroders plc (LON:SDR - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 365.03 ($4.77) and traded as high as GBX 373.48 ($4.88). Schroders shares last traded at GBX 373 ($4.87), with a volume of 1,100,895 shares traded.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. restated an "overweight" rating on shares of Schroders in a report on Tuesday, September 3rd.

Schroders Stock Performance

The company has a market capitalization of £6.01 billion, a P/E ratio of 1,554.17, a P/E/G ratio of 1.28 and a beta of 1.17. The stock's 50-day moving average price is GBX 345.65 and its 200-day moving average price is GBX 365.03. The company has a current ratio of 4.89, a quick ratio of 4.32 and a debt-to-equity ratio of 12.71.

Schroders Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, August 22nd were given a dividend of GBX 6.50 ($0.08) per share. The ex-dividend date was Thursday, August 22nd. This represents a yield of 1.65%. Schroders's dividend payout ratio (DPR) is presently 9,166.67%.

Insider Activity

In other news, insider Richard Oldfield bought 75 shares of the company's stock in a transaction dated Monday, August 12th. The shares were acquired at an average cost of GBX 337 ($4.40) per share, with a total value of £252.75 ($330.05). In other Schroders news, insider Elizabeth Corley acquired 40,000 shares of the company's stock in a transaction dated Friday, August 2nd. The shares were acquired at an average cost of GBX 343 ($4.48) per share, for a total transaction of £137,200 ($179,159.05). Also, insider Richard Oldfield bought 75 shares of the company's stock in a transaction that occurred on Monday, August 12th. The shares were bought at an average cost of GBX 337 ($4.40) per share, for a total transaction of £252.75 ($330.05). Insiders purchased 40,219 shares of company stock worth $13,795,099 over the last three months. Corporate insiders own 43.09% of the company's stock.

Schroders Company Profile

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.