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

JPMorgan Chase & Co. reaffirmed their overweight rating on shares of Schroders (LON:SDR) in a research note issued to investors on Tuesday morning, MarketBeat reports.

Schroders Stock Performance

LON SDR opened at GBX 333.20 ($4.38) on Tuesday. The company has a debt-to-equity ratio of 12.71, a current ratio of 4.89 and a quick ratio of 4.32. Schroders has a 1-year low of GBX 327 ($4.30) and a 1-year high of GBX 447.60 ($5.89). The business has a 50 day simple moving average of GBX 360.16 and a two-hundred day simple moving average of GBX 371.89. The stock has a market capitalization of £5.36 billion, a PE ratio of 1,388.33, a P/E/G ratio of 1.21 and a beta of 1.17.

Schroders Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, August 22nd will be given a GBX 6.50 ($0.09) dividend. This represents a yield of 1.65%. The ex-dividend date is Thursday, August 22nd. Schroders’s dividend payout ratio is presently 9,166.67%.

Insider Buying and Selling at Schroders

In other Schroders news, insider Richard Oldfield bought 75 shares of Schroders stock in a transaction dated Monday, August 12th. The shares were purchased at an average cost of GBX 337 ($4.43) per share, for a total transaction of £252.75 ($332.35). In related news, insider Richard Oldfield acquired 75 shares of the stock in a transaction dated Monday, August 12th. The stock was acquired at an average cost of GBX 337 ($4.43) per share, with a total value of £252.75 ($332.35). Also, insider Elizabeth Corley bought 40,000 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was bought at an average price of GBX 343 ($4.51) per share, with a total value of £137,200 ($180,407.63). Insiders acquired 40,140 shares of company stock worth $13,770,040 over the last 90 days. 43.09% of the stock is 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.