|Bid||0.00 x 15000|
|Ask||3,290.00 x 26400|
|Day's Range||3,083.00 - 3,131.00|
|52 Week Range||3,027.00 - 3,784.00|
|PE Ratio (TTM)||14.67|
|Forward Dividend & Yield||1.13 (3.51%)|
|1y Target Est||3,553.00|
Asset managers across Europe have long had their work cut out, with margins being squeezed and regulations pushing up costs. Now add this to their headaches: client redemptions. Among the victims are Jupiter Fund Management, which suffered outflows in a large bond fund, and DWS Group, which warned last Wednesday it probably won’t reach its new money target for the year after two straight quarters of net redemptions.
(Reuters) - British asset and wealth manager Schroders (SDR.L) said on Monday it would transfer its Eastern European private banking activities to Swiss private bank CBH Compagnie Bancaire Helvetique SA ...
By Kit Rees LONDON (Reuters) - A drop in heavyweight oil stocks weighed on the UK's top share index, which lagged a broader rally across European stocks on Thursday as U.S.-EU trade tensions thawed. The ...
In a tough year for the U.K. fund management industry, Schroders Plc has been faring better than its peers. While net inflows of 1.2 billion pounds ($1.6 billion) helped drive the value of the assets Schroders manages to a record, they were still weaker than analysts had predicted. Morgan Stanley, for example, was anticipating the firm would attract an additional 3.9 billion pounds to 5.6 billion pounds of net new money.
Tepid inflows of client cash took the shine off forecast-beating first-half pretax profit for Schroders (SDR.L), sending shares in the British asset and wealth manager lower on Thursday. One of Europe's biggest standalone investment firms, Schroders has looked to expand into new markets and products in recent years and said this had helped it weather a tough market that had prompted outflows from some equity mandates. Stock fund outflows mirrored the experience of peers including BlackRock (BLK.N) as concerns about global trade and the potential for U.S. rates to rise faster than expected made investors more cautious towards the middle of the year.
BlackRock Inc. and Schroders Plc are the frontrunners to oversee about 109 billion pounds ($144 billion) for Lloyds Banking Group Plc, one of the biggest mandates of its kind, people with the knowledge of the process said. Lloyds invited bids for the contract earlier this year after ending an agreement with Standard Life Aberdeen Plc, which currently manages the money. Lloyds may select a sole winner or decide to split the mandate, the people said.
France will pare back financial regulations to EU minimums and introduce new tax incentives to make Paris a more attractive finance hub, Prime Minister Edouard Philippe said on Wednesday. Speaking to a reception for 200 finance executives, Philippe said most of the changes would be made by the end of the year, as countries across the EU battle to attract bankers from London amid uncertainty over the impact of Brexit on the region's biggest financial centre. For asset managers coming to France, they will be able to have capital income known as carried interest taxed at 30 percent rather than higher income tax rates.
NEW YORK , June 25, 2018 /PRNewswire/ -- The Swiss Helvetia Fund, Inc. (NYSE: SWZ), a non-diversified registered closed-end investment company, announced today that First Coast Results, Inc., the independent ...
Global investment manager Schroders Plc on Monday named Peter Hall as global head of Wealth Management effective Jan. 2, 2019. Hall was chief executive of wealth management firm Tilney until October last ...
When Schroders plc (LON:SDR) announced its most recent earnings (31 December 2017), I compared it against two factor: its historical earnings track record, and the performance of its industry peersRead More...
NEW YORK , June 12, 2018 /PRNewswire/ -- The Swiss Helvetia Fund, Inc. (NYSE: SWZ), a non-diversified registered closed-end investment company, announced today a quarterly distribution of $0.2025 per share ...
The following financial services industry appointments were announced on Monday. To inform us of other job changes, email firstname.lastname@example.org. COLUMBIA THREADNEEDLE INVESTMENTS The global asset management ...
Schroders Plc said on Monday it had named Patrick O'Sullivan its strategist, with focus on the investment manager's cash flow driven-investment strategies. O'Sullivan, who was previously portfolio strategist ...
NEW YORK, June 8, 2018 /PRNewswire/ -- The Swiss Helvetia Fund, Inc. (SWZ), a non-diversified registered closed-end investment company, announced today that Institutional Shareholder Services, Inc. (ISS) and Glass, Lewis & Co., LLC (Glass Lewis), two leading independent corporate governance analysis firms, released their voting recommendations for the Fund's Annual Meeting of Stockholders, which is scheduled to be held at 9:30 a.m., on Tuesday, June 19, 2018, at the offices of Proskauer Rose LLP, Eleven Times Square, 27th Floor, New York, New York 10036.
Schroders plc (LSE:SDR) saw significant share price volatility over the past couple of months on the LSE, rising to the highs of £34.88 and falling to the lows of £31.51.Read More...
Investor concerns over U.S. trade policy overshadowed worries about political instability in Italy, driving equity prices lower on Thursday. Equity indexes around the world fell after the United States said it would impose tariffs on aluminum and steel imports from Canada, Mexico and the European Union and Washington's allies took steps to retaliate against U.S. goods.
T. Rowe Price (TROW) announces to close the operation center in Tampa by June 2019, which currently has 400 employees. The center will be merged with the company's other two sites.
SEI Investments' (SEIC) improved share repurchase program reflect its strong balance sheet position. Also, the stock has significant upside potential, driven by strong fundamentals.
While Franklin's (BEN) upside potential appears limited in the near term, there are a few investment management stocks that look promising.