Schroders (LON:SDR) Releases Quarterly Earnings Results

Schroders (LON:SDR) released its quarterly earnings data on Friday. The company reported GBX 26.40 ($0.34) earnings per share for the quarter, Digital Look Earnings reports. Schroders had a return on equity of 8.65% and a net margin of 12.81%.

Schroders Stock Down 5.3 %

Shares of LON:SDR opened at GBX 405.40 ($5.22) on Friday. Schroders has a 1 year low of GBX 298.60 ($3.85) and a 1 year high of GBX 428.80 ($5.53). The company has a debt-to-equity ratio of 12.95, a current ratio of 4.90 and a quick ratio of 4.32. The business’s 50-day moving average is GBX 349.84 and its 200-day moving average is GBX 340.16. The company has a market capitalization of £6.29 billion, a price-to-earnings ratio of 17.70, a P/E/G ratio of 1.28 and a beta of 1.17.

Analysts Set New Price Targets

SDR has been the subject of a number of research analyst reports. Royal Bank of Canada lowered their price objective on shares of Schroders from GBX 355 ($4.57) to GBX 330 ($4.25) and set a “sector perform” rating for the company in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft increased their price target on Schroders from GBX 375 ($4.83) to GBX 400 ($5.15) and gave the company a “hold” rating in a research note on Friday. Finally, JPMorgan Chase & Co. reduced their price objective on Schroders from GBX 427 ($5.50) to GBX 407 ($5.24) and set an “overweight” rating on the stock in a research report on Thursday, November 7th.

Insider Buying and Selling

In other news, insider Richard Oldfield purchased 80 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The shares were acquired at an average cost of GBX 313 ($4.03) per share, with a total value of £250.40 ($322.68). 43.09% of the stock is currently 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.