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Deutsche Bank Aktiengesellschaft has raised its target price for Schroders (LON:SDR) from GBX 375 to GBX 400, maintaining a "hold" rating, indicating a potential downside of 2.06%. Other firms, including Royal Bank of Canada and JPMorgan Chase, have also adjusted their price objectives for the stock. Schroders opened at GBX 408.43, with a market cap of £6.34 billion and a PE ratio of 17.84, while insiders hold 43.09% of the company.
Schroders Plc is reducing its executive committee from 22 to nine members as new CEO Richard Oldfield aims to revitalize the firm. Ed Houghton joins as head of strategy and investor engagement, while Mary-Anne Daly will oversee wealth management, Georg Wunderlin will lead Schroders Capital, and Karine Szenberg will head the Client Group.
Schroders Plc reported £2.3 billion ($3 billion) in quarterly outflows, with investors withdrawing £3 billion from its solutions and institutional divisions in the three months ending September. This poses challenges for incoming CEO Richard Oldfield, although the private markets and wealth management units recorded net inflows of £1 billion each.
Ralph Hamers, the former CEO of UBS, has joined AI wealth management start-up Arta Finance as an external senior adviser and investor. The company, founded by ex-Google employees, aims to provide AI-driven wealth management services to mid-market clients, initially in the US and expanding to Singapore and India. Hamers, who previously sought to enhance UBS's digital capabilities, is currently under investigation in the Netherlands related to a money-laundering case from his time at ING.
Richard Oldfield
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deutsche bank raises target price for schroders stock amid mixed analyst ratings
07:37 09.03.2025
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07:00 11.11.2024
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19:34 10.10.2024
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