Schroders (LON:SDR) Issues Quarterly Earnings Results

Schroders (LON:SDR) posted its quarterly earnings data on Thursday. The company reported GBX 22.30 earnings per share for the quarter, Digital Look Earnings reports. Schroders had a net margin of 16.44% and a return on equity of 12.35%.

Schroders Stock Performance

Shares of Schroders stock traded down GBX 0.15 on Thursday, reaching GBX 588.35. The stock had a trading volume of 2,181,778 shares, compared to its average volume of 13,156,280. The stock has a market cap of £9.17 billion, a P/E ratio of 17.51, a price-to-earnings-growth ratio of 1.28 and a beta of 1.08. The company has a debt-to-equity ratio of 20.74, a quick ratio of 4.32 and a current ratio of 92.37. Schroders has a fifty-two week low of GBX 358.60 and a fifty-two week high of GBX 599.50. The business’s 50-day moving average price is GBX 585.36 and its two-hundred day moving average price is GBX 559.97.

Analysts Set New Price Targets

Separately, Citigroup cut Schroders to a “neutral” rating and raised their target price for the stock from GBX 460 to GBX 590 in a research report on Thursday, April 30th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Schroders currently has an average rating of “Moderate Buy” and an average price target of GBX 453.33.

Insider Buying and Selling

In related news, insider Richard Oldfield purchased 44 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were bought at an average cost of GBX 581 per share, for a total transaction of £255.64. In the last ninety days, insiders have acquired 173 shares of company stock worth $100,798. 1.72% of the stock is 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. The firm launches and manages equity mutual funds and manages fixed income mutual funds for its clients. It also manages hedge for its clients. The firm invests in the public equity, fixed income, and alternative investment markets across the globe.