Insider Buying: Schroders (LON:SDR) Insider Purchases £198.56 in Stock

Schroders plc (LON:SDR) insider Meagen Burnett purchased 34 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were bought at an average price of GBX 584 per share, for a total transaction of £198.56.

Meagen Burnett also recently made the following trade(s):

• On Wednesday, June 10th, Meagen Burnett purchased 34 shares of Schroders stock. The stock was bought at an average cost of GBX 584 per share, with a total value of £198.56.

Schroders Price Performance

LON SDR opened at GBX 584 on Friday. Schroders plc has a 1 year low of GBX 358.60 and a 1 year high of GBX 599.50. The company has a market capitalization of £9.11 billion, a PE ratio of 13.43, a P/E/G ratio of 1.28 and a beta of 1.08. The company has a fifty day moving average of GBX 585.93 and a two-hundred day moving average of GBX 571.04.

Schroders (LON:SDR) last issued its quarterly earnings data on Thursday, July 30th. The company reported GBX 22.30 earnings per share (EPS) for the quarter. Schroders had a return on equity of 15.55% and a net margin of 19.94%. On average, research analysts expect that Schroders plc will post 33.7347131 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Citigroup downgraded Schroders to a “neutral” rating and raised their price target for the stock from GBX 460 to GBX 590 in a research note on Thursday, April 30th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Schroders presently has an average rating of “Moderate Buy” and an average target price of GBX 453.33.

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.