Schroders (LON:SDR) Posts Earnings Results

Schroders (LON:SDR) posted its quarterly earnings results on Thursday. The company reported GBX 22.30 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Schroders had a return on equity of 12.35% and a net margin of 16.44%.

Schroders Stock Performance

SDR traded down GBX 0.15 during trading on Thursday, reaching GBX 588.35. 2,181,778 shares of the company were exchanged, compared to its average volume of 13,156,280. Schroders has a 52 week low of GBX 358.60 and a 52 week high of GBX 599.50. The company has a current ratio of 92.37, a quick ratio of 4.32 and a debt-to-equity ratio of 20.74. The firm has a 50 day moving average of GBX 585.36 and a 200 day moving average of GBX 559.97. The stock has a market cap of £9.17 billion, a P/E ratio of 17.51, a PEG ratio of 1.28 and a beta of 1.08.

Insider Transactions at Schroders

In other news, insider Richard Oldfield purchased 43 shares of Schroders stock in a transaction dated Wednesday, June 10th. The stock was bought at an average price of GBX 584 per share, with a total value of £251.12. Insiders acquired 173 shares of company stock valued at $100,798 in the last quarter. Company insiders own 1.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Citigroup downgraded shares of Schroders to a “neutral” rating and lifted their price objective for the stock from GBX 460 to GBX 590 in a report on Thursday, April 30th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Schroders currently has a consensus rating of “Moderate Buy” and an average price target of GBX 453.33.

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. 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.