Insider Selling: Quilter (LON:QLT) Insider Sells 679,997 Shares of Stock

Key Points

• Insider sale: On April 7, Quilter insider Steven Levin sold 679,997 shares at an average price of GBX 177, generating £1,203,594.69 in proceeds.
• Quilter shares traded at GBX 183.60 mid-day; the company has a market cap of £2.53bn and a P/E of 21.35, while analysts have a consensus Moderate Buy rating with an average target of GBX 210.29 (six Buys, one Hold).

Quilter plc (LON:QLT - Get Free Report) insider Steven Levin sold 679,997 shares of the stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of GBX 177, for a total transaction of £1,203,594.69.

Quilter Stock Performance

Shares of QLT traded up GBX 0.40 during mid-day trading on Friday, hitting GBX 183.60. 864,191 shares of the company's stock were exchanged, compared to its average volume of 22,485,049. The company has a quick ratio of 0.05, a current ratio of 3.92 and a debt-to-equity ratio of 18.49. The firm has a market cap of £2.53 billion, a price-to-earnings ratio of 21.35, a price-to-earnings-growth ratio of 2.50 and a beta of 0.80. The stock's 50-day simple moving average is GBX 183.01 and its 200-day simple moving average is GBX 181.41. Quilter plc has a 52 week low of GBX 125.20 and a 52 week high of GBX 201.60.

Quilter (LON:QLT - Get Free Report) last issued its earnings results on Wednesday, March 4th. The company reported GBX 8.90 earnings per share for the quarter. Quilter had a net margin of 1.28% and a return on equity of 8.35%. On average, equities research analysts expect that Quilter plc will post 9.004676 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Citigroup raised their price target on shares of Quilter from GBX 198 to GBX 200 and gave the company a "neutral" rating in a report on Monday, January 26th. Jefferies Financial Group boosted their price objective on shares of Quilter from GBX 210 to GBX 250 and gave the company a "buy" rating in a research report on Thursday, January 22nd. UBS Group restated a "buy" rating and issued a GBX 210 price objective on shares of Quilter in a research report on Friday, January 16th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Quilter from GBX 170 to GBX 175 and gave the company a "buy" rating in a research report on Thursday, March 5th. Finally, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 215 price target on shares of Quilter in a research note on Thursday, March 5th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of GBX 210.29.

About Quilter

Quilter is a leading UK and cross-border full-service wealth management business, whose purpose is to help create prosperity for the generations of today and tomorrow. It has leading positions in one of the world's largest wealth markets, and its multi-channel proposition and investment performance are delivering attractive growth.

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