Director dealings: Schroders CFO lowers stake

Schroders revealed on Wednesday that chief financial officer Richard Keers had disposed of 3,021 ordinary shares in the British multinational asset management company.

Keers, who took over as CFO in 2013, sold the shares on Monday at an average price of 2,980.55p each, for a total value of £90,042.47.

Back in April, analysts at Canaccord Genuity slashed their target price on investment manager Schroders from 3,270.0p to 2,539.0p, citing some near-term downside risks.

Canaccord highlighted potential downside risks to consensus forecasts, primarily on costs, but said that if equity market performances played out per its base case, with the recovery post-crash set to be maintained in 2020, then action on staff costs would be "limited".

As of 1640 BST, Schroders shares were down 3.41% at 2,895.0p.

Top Director Buys

Oxford Biomedica (OXB)
Director name: Diggle ,Martin
Amount purchased: 134,149 @ 808.00p
Value: £1,083,923.91

Oxford Biomedica (OXB)
Director name: Diggle ,Martin
Amount purchased: 89,434 @ 808.00p
Value: £722,626.71

Prudential (PRU)
Director name: Vadera,Shriti
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Prudential (PRU)
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Real Estate Investors (RLE)
Director name: Bassi,Paul
Amount purchased: 426,936 @ 34.00p
Value: £145,158.24

Real Estate Investors (RLE)
Director name: Daly,Marcus
Amount purchased: 200,000 @ 34.00p
Value: £68,000.00

Real Estate Investors (RLE)
Director name: Wyatt,William
Amount purchased: 145,000 @ 34.00p
Value: £49,300.00

Real Estate Investors (RLE)
Director name: London,Peter
Amount purchased: 60,000 @ 34.00p
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Real Estate Investors (RLE)
Director name: Crabtree OBE ,John Rawcliffe Airey
Amount purchased: 29,410 @ 34.00p
Value: £9,999.40

Integrafin Holding (IHP)
Director name: Taylor,Ian
Amount purchased: 31 @ 488.69p
Value: £151.49

Integrafin Holding (IHP)
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Amount purchased: 31 @ 488.69p
Value: £151.49

Integrafin Holding (IHP)
Director name: Scott,Alexander
Amount purchased: 31 @ 488.69p
Value: £151.49

Top Director Sells

Schroders (SDR)
Director name: Keers,Richard
Amount sold: 3,021 @ 2,980.55p
Value: £90,042.47

Tp Icap (TCAP)
Director name: Breteau,Nicolas
Amount sold: 17,721 @ 353.41p
Value: £62,627.79

Moneysupermarket.com Group (MONY)
Director name: Grimble,Scilla
Amount sold: 14,939 @ 334.10p
Value: £49,911.20

Tp Icap (TCAP)
Director name: Price,Philip
Amount sold: 11,322 @ 353.41p
Value: £40,013.08

Tp Icap (TCAP)
Director name: Stewart,Robin
Amount sold: 4,431 @ 353.41p
Value: £15,659.60