Schroders (LON:SDR) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

Schroders plc (LON:SDR)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 344.47 ($4.45) and traded as high as GBX 352.40 ($4.56). Schroders shares last traded at GBX 348.80 ($4.51), with a volume of 2,296,373 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft boosted their target price 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. Royal Bank of Canada boosted their price objective on shares of Schroders from GBX 395 ($5.11) to GBX 475 ($6.14) and gave the stock an “outperform” rating in a research note on Thursday, March 20th.

Schroders Price Performance

The company has a current ratio of 4.90, a quick ratio of 4.32 and a debt-to-equity ratio of 12.95. The company has a market capitalization of £5.41 billion, a P/E ratio of 15.23, a P/E/G ratio of 1.28 and a beta of 1.17. The company has a 50 day moving average price of GBX 371.06 and a 200 day moving average price of GBX 344.47.

Schroders (LON:SDR) last announced its quarterly earnings results on Friday, March 7th. The company reported GBX 26.40 ($0.34) earnings per share (EPS) for the quarter. Schroders had a return on equity of 8.65% and a net margin of 12.81%. On average, equities analysts predict that Schroders plc will post 33.7347131 EPS for the current fiscal year.

Schroders Increases Dividend

The business also recently announced a dividend, which was paid on Monday, March 24th. Investors of record on Thursday, March 20th were issued a dividend of GBX 35.55 ($0.46) per share. This is an increase from Schroders’s previous dividend of $10.00. The ex-dividend date of this dividend was Thursday, March 20th. This represents a dividend yield of 4.5%. Schroders’s payout ratio is presently 96.08%.

Insider Buying and Selling at Schroders

In other news, insider Richard Oldfield purchased 80 shares of Schroders stock in a transaction that occurred on Friday, January 10th. The stock was acquired at an average cost of GBX 313 ($4.05) per share, for a total transaction of £250.40 ($323.72). 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.