Schroders’ (SDR) Neutral Rating Reaffirmed at JPMorgan Chase & Co.

JPMorgan Chase & Co. reiterated their neutral rating on shares of Schroders (LON:SDR) in a research report report published on Monday morning,Digital Look reports. JPMorgan Chase & Co. currently has a GBX 357 ($4.77) target price on the stock.

A number of other research firms also recently commented on SDR. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Schroders from GBX 375 ($5.01) to GBX 400 ($5.34) and gave the company a “hold” rating in a report on Friday, March 7th. Royal Bank of Canada upped their price objective on shares of Schroders from GBX 395 ($5.28) to GBX 475 ($6.34) and gave the company an “outperform” rating in a report on Thursday, March 20th. Finally, Canaccord Genuity Group cut their price objective on shares of Schroders from GBX 496 ($6.62) to GBX 337 ($4.50) and set a “hold” rating for the company in a research report on Wednesday, April 30th.

Schroders Price Performance

Shares of Schroders stock traded up GBX 3.60 ($0.05) on Monday, reaching GBX 350.40 ($4.68). The company’s stock had a trading volume of 2,538,811 shares, compared to its average volume of 6,114,741. The company has a market capitalization of £5.44 billion, a P/E ratio of 15.30, a PEG ratio of 1.28 and a beta of 1.17. Schroders has a 52-week low of GBX 283.40 ($3.79) and a 52-week high of GBX 428.80 ($5.73). The stock has a 50-day moving average price of GBX 337.39 and a 200-day moving average price of GBX 338.07. The company has a quick ratio of 4.32, a current ratio of 4.90 and a debt-to-equity ratio of 12.95.

Schroders (LON:SDR) last posted its quarterly earnings data on Friday, March 7th. The company reported GBX 26.40 ($0.35) EPS for the quarter. Schroders had a return on equity of 8.65% and a net margin of 12.81%. Analysts expect that Schroders will post 33.7347131 EPS for the current year.

Schroders Increases Dividend

The company also recently announced a dividend, which was paid on Monday, March 24th. Shareholders of record on Thursday, March 20th were given a dividend of GBX 35.55 ($0.47) per share. This represents a yield of 4.5%. This is an increase from Schroders’s previous dividend of $10.00. The ex-dividend date was Thursday, March 20th. Schroders’s payout ratio is presently 96.08%.

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.