Shares of Schroders plc (LON:SDR) shot up 0% on Wednesday following insider buying activity. The stock traded as high as GBX 3,493 ($47.01) and last traded at GBX 3,485 ($46.90). 452,916 shares changed hands during mid-day trading, an increase of 49% from the average session volume of 303,876 shares. The stock had previously closed at GBX 3,485 ($46.90).
Specifically, insider Richard Keers bought 8 shares of Schroders stock in a transaction that occurred on Monday, December 11th. The stock was acquired at an average cost of GBX 3,465 ($46.64) per share, for a total transaction of £277.20 ($373.08). Also, insider Michael W. R. Dobson sold 213,389 shares of the business’s stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of GBX 3,458 ($46.54), for a total value of £7,378,991.62 ($9,931,348.08). Over the last quarter, insiders sold 297,374 shares of company stock valued at $1,032,355,465.
SDR has been the subject of several research analyst reports. Credit Suisse Group reaffirmed an “outperform” rating and set a GBX 3,800 ($51.14) price target on shares of Schroders in a research note on Tuesday, November 21st. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a GBX 3,550 ($47.78) price target on shares of Schroders in a research note on Friday, October 20th. Numis Securities reaffirmed an “add” rating and set a GBX 2,980 ($40.11) price target on shares of Schroders in a research note on Friday, October 20th. Shore Capital reaffirmed a “hold” rating on shares of Schroders in a research note on Thursday, October 19th. Finally, Berenberg Bank lifted their price target on Schroders from GBX 3,580 ($48.18) to GBX 3,640 ($48.99) and gave the stock a “buy” rating in a research note on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the stock. Schroders has a consensus rating of “Hold” and a consensus target price of GBX 3,375.87 ($45.44).
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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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