Insider Buying: Schroders (LON:SDR) Insider Purchases 43 Shares of Stock

Schroders plc (LON:SDR) insider Richard Oldfield purchased 43 shares of the company’s stock in a transaction on Wednesday, June 10th. The stock was acquired at an average price of GBX 584 per share, for a total transaction of £251.12.

Richard Oldfield also recently made the following trade(s):

• On Monday, May 11th, Richard Oldfield acquired 44 shares of Schroders stock. The shares were acquired at an average price of GBX 581 per share, with a total value of £255.64.
• On Friday, April 10th, Richard Oldfield acquired 43 shares of Schroders stock. The stock was acquired at an average cost of GBX 579 per share, for a total transaction of £248.97.

Schroders Stock Performance

Shares of SDR opened at GBX 583 on Thursday. The firm’s 50 day moving average is GBX 580.50 and its 200-day moving average is GBX 513.12. The stock has a market capitalization of £9.09 billion, a P/E ratio of 17.35, a P/E/G ratio of 1.28 and a beta of 1.08. The company has a debt-to-equity ratio of 20.74, a current ratio of 92.37 and a quick ratio of 4.32. Schroders plc has a 12-month low of GBX 350.20 and a 12-month high of GBX 599.50.

Wall Street Analyst Weigh In

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