Schroders (LON:SDR) Price Target Raised to GBX 475 at Royal Bank of Canada

Schroders (LON:SDR - Free Report) had its target price boosted by Royal Bank of Canada from GBX 395 ($5.10) to GBX 475 ($6.14) in a research note issued to investors on Thursday morning, MarketBeat reports. Royal Bank of Canada currently has an outperform rating on the stock.

Separately, Deutsche Bank Aktiengesellschaft raised their price target on shares of Schroders from GBX 375 ($4.85) to GBX 400 ($5.17) and gave the stock a "hold" rating in a report on Friday, March 7th.

Schroders Trading Up 0.5 %

LON SDR traded up GBX 1.80 ($0.02) during trading hours on Thursday, reaching GBX 377 ($4.87). The company's stock had a trading volume of 1,303,384 shares, compared to its average volume of 6,184,953. The firm has a fifty day simple moving average of GBX 366.16 and a 200-day simple moving average of GBX 343.81. The company has a debt-to-equity ratio of 12.95, a current ratio of 4.90 and a quick ratio of 4.32. Schroders has a 52 week low of GBX 298.60 ($3.86) and a 52 week high of GBX 428.80 ($5.54). The stock has a market cap of £5.85 billion, a P/E ratio of 16.46, a P/E/G ratio of 1.28 and a beta of 1.17.

Schroders (LON:SDR - Get Free Report) last released its quarterly earnings results on Friday, March 7th. The company reported GBX 26.40 ($0.34) EPS for the quarter. Schroders had a return on equity of 8.65% and a net margin of 12.81%. Equities analysts forecast that Schroders will post 33.7347131 earnings per share for the current fiscal year.

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Schroders Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, March 24th. Stockholders of record on Thursday, March 20th will be paid a GBX 35.55 ($0.46) dividend. This represents a dividend yield of 4.5%. The ex-dividend date is Thursday, March 20th. This is an increase from Schroders's previous dividend of $10.00. Schroders's payout ratio is presently 96.08%.

Insider Activity

In other Schroders news, insider Richard Oldfield acquired 80 shares of the business's stock in a transaction on Friday, January 10th. The shares were acquired at an average price of GBX 313 ($4.04) per share, with a total value of £250.40 ($323.56). 43.09% of the stock is currently owned by corporate insiders.

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.