Schroders (LON:SDR – Free Report) had its price target trimmed by Royal Bank of Canada from GBX 380 ($4.77) to GBX 375 ($4.71) in a research note published on Tuesday morning, Marketbeat reports. The brokerage currently has a sector perform rating on the stock.
Separately, JPMorgan Chase & Co. dropped their price objective on Schroders from GBX 490 ($6.16) to GBX 489 ($6.14) and set an overweight rating on the stock in a research note on Tuesday, March 5th.
Read Our Latest Stock Analysis on SDR
Schroders Price Performance
Schroders Increases Dividend
The business also recently announced a dividend, which was paid on Thursday, May 2nd. Investors of record on Thursday, March 21st were paid a dividend of GBX 15 ($0.19) per share. The ex-dividend date of this dividend was Thursday, March 21st. This is a positive change from Schroders’s previous dividend of $6.50. This represents a yield of 3.9%. Schroders’s dividend payout ratio is currently 9,166.67%.
Insider Buying and Selling at Schroders
In other news, insider Richard Oldfield acquired 63 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was purchased at an average price of GBX 403 ($5.06) per share, for a total transaction of £253.89 ($318.92). Insiders own 43.10% of the company’s stock.
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.
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