|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||50.52 - 50.52|
|52 Week Range||35.40 - 53.05|
|Beta (5Y Monthly)||1.23|
|PE Ratio (TTM)||18.56|
|Forward Dividend & Yield||1.60 (3.24%)|
|Ex-Dividend Date||Aug. 19, 2021|
|1y Target Est||N/A|
River and Mercantile (R&M) shares surged 20% in morning trade to a 20-month high of 295 pence on the news. Schroders shares were up 1%. The R&M board said it has decided to recommend the Schroders offer for the Solutions business, which has assets under management worth 42 billion pounds and serves more than 100 clients, mainly trustees of pension schemes.
SCHRODERS PLC (SHNWF) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
BlackRock, Fidelity and M&G are among 125 firms endorsed under Britain's tougher best practice code to stop "greenwashing" by asset managers, though Schroders and 63 others failed to make the grade, the Financial Reporting Council said on Monday. Asset managers are under greater scrutiny from securities regulators globally to prevent greenwashing, or exaggerating the climate-friendly credentials of their products to investors. The FRC beefed up its decade-old stewardship code in 2020 to stop "boiler plate" statements about investment decision-making that it said did little to show if investors were getting value for money.