Schroders (LON:SDR) Hits New 52-Week Low – What’s Next?

Schroders plc (LON:SDR) shares reached a new 52-week low during trading on Monday . The stock traded as low as GBX 289.98 ($3.71) and last traded at GBX 291.80 ($3.73), with a volume of 40876141 shares. The stock had previously closed at GBX 312 ($3.99).

Wall Street Analyst Weigh In

SDR has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Schroders from GBX 375 ($4.79) to GBX 400 ($5.11) and gave the company a “hold” rating in a report on Friday, March 7th. Royal Bank of Canada boosted their price objective on Schroders from GBX 395 ($5.05) to GBX 475 ($6.07) and gave the company an “outperform” rating in a research note on Thursday, March 20th.

Schroders Price Performance

The stock has a market capitalization of £4.50 billion, a PE ratio of 12.67, a price-to-earnings-growth ratio of 1.28 and a beta of 1.17. The business’s 50-day moving average price is GBX 368.36 and its 200 day moving average price is GBX 343.51. The company has a debt-to-equity ratio of 12.95, a quick ratio of 4.32 and a current ratio of 4.90.

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

Schroders Increases Dividend

The business also recently declared a dividend, which was paid on Monday, March 24th. Stockholders of record on Thursday, March 20th were issued a GBX 35.55 ($0.45) dividend. This is a positive change from Schroders’s previous dividend of $10.00. The ex-dividend date was Thursday, March 20th. This represents a dividend yield of 4.5%. Schroders’s dividend payout ratio is presently 96.08%.

Insider Transactions at Schroders

In other news, insider Richard Oldfield bought 80 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The stock was bought at an average price of GBX 313 ($4.00) per share, for a total transaction of £250.40 ($319.96). 43.09% of the stock is currently owned by insiders.

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.