Schroders plc (LON:SDR – Get Free Report)’s stock price reached a new 52-week low on Thursday . The company traded as low as GBX 356.20 ($4.40) and last traded at GBX 357.60 ($4.42), with a volume of 6228141 shares traded. The stock had previously closed at GBX 367.20 ($4.54).
Analyst Upgrades and Downgrades
Separately, JPMorgan Chase & Co. decreased their price target on shares of Schroders from GBX 490 ($6.05) to GBX 489 ($6.04) and set an “overweight” rating on the stock in a research note on Tuesday, March 5th.
View Our Latest Research Report on SDR
Schroders Trading Down 2.2 %
Schroders Increases Dividend
The company also recently declared a dividend, which will be paid on Thursday, May 2nd. Stockholders of record on Thursday, March 21st will be issued a dividend of GBX 15 ($0.19) per share. The ex-dividend date is Thursday, March 21st. This is an increase from Schroders’s previous dividend of $6.50. This represents a dividend yield of 3.9%. Schroders’s payout ratio is 9,166.67%.
Insider Transactions at Schroders
In other news, insider Richard Oldfield purchased 63 shares of the stock in a transaction dated Monday, February 12th. The stock was acquired at an average cost of GBX 403 ($4.98) per share, for a total transaction of £253.89 ($313.60). Insiders own 43.10% of the company’s stock.
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.
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