Schroders plc (LON:SDR) shot up 1.3% on Monday . The stock traded as high as GBX 3,299 ($44.48) and last traded at GBX 3,299 ($44.48). 231,787 shares were traded during mid-day trading, a decline of 30% from the average session volume of 330,268 shares. The stock had previously closed at GBX 3,257 ($43.91).

Several research firms have weighed in on SDR. Liberum Capital lifted their price target on shares of Schroders plc from GBX 2,789 ($37.60) to GBX 3,387 ($45.67) and gave the company a “hold” rating in a research note on Wednesday, July 12th. Shore Capital reaffirmed a “hold” rating on shares of Schroders plc in a research note on Thursday, July 27th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Schroders plc in a research note on Friday, July 21st. Barclays PLC reaffirmed an “underweight” rating and issued a GBX 3,000 ($40.45) price target on shares of Schroders plc in a research note on Friday, July 28th. Finally, J P Morgan Chase & Co lifted their price target on shares of Schroders plc from GBX 3,650 ($49.21) to GBX 3,750 ($50.56) and gave the company an “overweight” rating in a research note on Friday, July 28th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of GBX 3,403.93 ($45.89).

The stock’s 50-day moving average price is GBX 3,377.28 and its 200 day moving average price is GBX 3,216.37. The firm’s market capitalization is GBX 9.09 billion.

The firm also recently declared a dividend, which will be paid on Thursday, September 21st. Investors of record on Thursday, August 17th will be paid a GBX 34 ($0.46) dividend. The ex-dividend date of this dividend is Thursday, August 17th. This represents a dividend yield of 1.01%.

In related news, insider Peter Harrison sold 4,427 shares of the stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of GBX 3,141 ($42.35), for a total value of £139,052.07 ($187,477.51). Over the last quarter, insiders purchased 21 shares of company stock valued at $69,615.

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Schroders plc 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.

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