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Schroders plc (SDR) Vtg Shs Ordinary GBP1

Sell:2,860.00p Buy:2,864.00p 0 Change: 28.00p (0.97%)
FTSE 100:0.39%
Market closed Prices as at close on 24 May 2022 Prices delayed by at least 15 minutes | Switch to live prices |
Change: 28.00p (0.97%)
Market closed Prices as at close on 24 May 2022 Prices delayed by at least 15 minutes | Switch to live prices |
Change: 28.00p (0.97%)
Market closed Prices as at close on 24 May 2022 Prices delayed by at least 15 minutes | Switch to live prices |
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

HL comment (6 November 2014)

Third quarter interim management statement: Notwithstanding the adverse impact of sterling, impacting on profits to the tune of £27 million, the fund house published a strong set of results that saw pre-tax profits rise 16% to £404.4 million. The company said that net inflows over the nine months to 30 September were £7 billion, taking its total assets under management to £276 billion, and added that inflows have continued since the third quarter ended, particularly into its income-generating products. Revenue rose to £1.1 billion from £1 billion. Schroders' asset management business reported net revenue for the three months to the end of September of £329.5 million, versus £315 million in the third quarter of last year. Chief Executive Michael Dobson added that Schroders continued to generate inflows across all channels in October, in spite of market volatility. For now, market consensus opinion points to a strong buy.

Read more share research from Hargreaves Lansdown

Financial Highlights:
  • The company reported a 16% rise in pre-tax profits to £404.4 million.
  • Revenue rose to £1.1 billion from £1 billion a year earlier.
  • Total assets under management amounted to £276 billion, up from £256.7 billion a year earlier.
  • New business inflows over the nine month period were £7 billion, spread across all asset classes.

Negative Points:
  • The Chief Executive highlighted the "adverse impact" on profit of £27 million due to sterling's strength.
  • Schroders, like its peers is exposed to market risk arising from market movements which could cause a fall in investments and a decline in the value of assets under management.
  • The group's overseas operations are subject to foreign exchange rate risk.
  • At the heart of any asset manager is the investment team. As with any fund management business, there is a risk that if a "star" manager leaves, investors and assets under management may follow.

Positive Points:
  • Assets under management climbed to £276.2 billion, up from £256.7 billion in September 2013.
  • Schroders also said in a statement that it has a significant pipeline of new institutional business won which has not yet been funded.
  • The fund manager could be well positioned to benefit from the government's plans to shake up the pensions and savings industry. 
  • Headquartered in London with 27 offices worldwide, Schroders can trace its history back to 1804.

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This article is not advice or a recommendation to buy, sell or hold any investment. No view is given on the present or future value or price of any investment, and investors should form their own view on any proposed investment. This article has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is considered a marketing communication. Non-independent research is not subject to FCA rules prohibiting dealing ahead of research, however HL has put controls in place (including dealing restrictions, physical and information barriers) to manage potential conflicts of interest presented by such dealing. Please see our full non-independent research disclosure for more information.

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.