Schroders plc (LON:SDR)’s share price dropped 0% during trading on Monday following insider selling activity. The company traded as low as GBX 3,425 ($45.66) and last traded at GBX 3,430 ($45.73). Approximately 293,214 shares were traded during trading, a decline of 4% from the average daily volume of 305,634 shares. The stock had previously closed at GBX 3,430 ($45.73).
Specifically, insider Michael W. R. Dobson sold 9,822 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of GBX 3,512 ($46.82), for a total transaction of £344,948.64 ($459,870.20). Also, insider Michael W. R. Dobson sold 213,389 shares of the business’s stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of GBX 3,458 ($46.10), for a total value of £7,378,991.62 ($9,837,343.85). Insiders have sold a total of 297,374 shares of company stock worth $1,032,355,465 over the last three months.
SDR has been the topic of a number of recent analyst reports. Numis Securities Ltd reissued an “add” rating and set a GBX 2,980 ($39.73) target price on shares of Schroders in a report on Friday, October 20th. Berenberg Bank boosted their target price on Schroders from GBX 3,580 ($47.73) to GBX 3,640 ($48.53) and gave the stock a “buy” rating in a report on Thursday, October 19th. Liberum Capital reaffirmed a “hold” rating and issued a GBX 3,564 ($47.51) price objective on shares of Schroders in a report on Thursday, October 19th. Shore Capital reaffirmed a “hold” rating on shares of Schroders in a report on Tuesday, August 15th. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a GBX 3,550 ($47.33) price objective on shares of Schroders in a report on Friday, October 20th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company’s stock. Schroders presently has an average rating of “Hold” and an average price target of GBX 3,375.87 ($45.01).
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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