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Schroders ( (GB:SDR) ) has provided an update.
Schroders PLC announced the repurchase of 350,000 of its ordinary shares, which will be held in treasury, as part of its ongoing share buyback program initiated on November 13, 2024. This move, executed through Barclays Bank PLC, could enhance shareholder value by reducing the number of outstanding shares and is indicative of Schroders’ commitment to returning capital to its shareholders, which may positively impact its market positioning.
More about Schroders
Schroders PLC is a global asset management company, primarily offering investment management services across various asset classes including equities, fixed income, and alternatives. The company focuses on providing solutions for institutions, intermediaries, and individual investors worldwide.
YTD Price Performance: -21.51%
Average Trading Volume: 2,762,610
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £4.94B
For a thorough assessment of SDR stock, go to TipRanks’ Stock Analysis page.
