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Prices & Quotes - UK Markets - Schroders (Non-Voting) (SDRC)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 2,365.00p
Change Today:
25.00p
Market Cap:
1,336.36m
Sector:
Financial Services

Schroders' net inflows fall as AuM boosted by sterling collapse

By Maryam Cockar

Date: Thursday 03 Nov 2016

LONDON (ShareCast) - (ShareCast News) - Fund manager Schroders reported flat profits in the first nine months of the year as its assets under management increased despite a fall in net inflows.
For the nine months ended 30 September, the FTSE 100 company had 375bn assets under management, a 27% increase from last year, helped by a 38.6bn benefit from the weakening of sterling since 1 January 2016.

Pre-tax profit fell slightly by 0.6% to 436.2m, whereas profit before tax and exceptional items was up 0.4% to 455.3m.

Chief executive Peter Harrison said the company delivered "solid results" as its diversified business model generated 2.7bn of net new business. This was a 67% fall from last year in the amount of new money raised.

He added that the company had made "progress against our strategic objectives, particularly in North America."

For the asset management business, operating revenue increased by 3.8% to 1.07bn, which included performance fees of 13.3m. Profit before tax was down 1.15% to 386.8m.

Net inflows for the nine months was 3.2bn, comprising of inflows of 5.4bn in Institutional and net outflows of 2.2bn in Intermediary. Assets under management were 339.4bn, up from 263.9bn.

For wealth management operating revenue rose 3% to 162.6m, while profit before tax fell 10% to 42.7m. There were net outflows of 0.5bn and assets under management were 35.6bn, up from 30.9bn.

Shareholders' equity at the end of September was 2.9bn, up 11.5%.

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SDRC Market Data

Currency UK Pounds
Price 2,365.00p
Change Today 25.00p
52 Week High 2,635.00p
52 Week Low 1,478.00p
Volume 5,584
Shares Issued 56.51m
Market Cap 1,336.36m
Beta 0.03

Performance Indicators

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SDRC Dividends

  Latest Previous
  Interim Final
Ex-Div 20-Aug-20 26-Mar-20
Paid 24-Sep-20 07-May-20
Amount 35.00p 79.00p

Trades for 26-Jan-2021

Time Volume / Share Price
14:08 45 @ 2,365.00p
14:01 43 @ 2,365.00p
13:54 350 @ 2,362.85p
13:41 3 @ 2,360.00p
13:41 10 @ 2,360.00p

SDRC Key Personnel

CFO Richard Keers