Berenberg Bank Reaffirms "Hold" Rating for Quilter (LON:QLT)

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Berenberg Bank restated their hold rating on shares of Quilter (LON:QLT - Free Report) in a research report released on Thursday morning, Marketbeat.com reports. The brokerage currently has a GBX 105 ($1.30) target price on the stock.

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Quilter Stock Up 2.1 %

Quilter stock traded up GBX 2.20 ($0.03) during mid-day trading on Thursday, hitting GBX 107.60 ($1.33). The company's stock had a trading volume of 13,720,018 shares, compared to its average volume of 1,823,604. The firm's 50 day moving average is GBX 102.62 and its 200 day moving average is GBX 97.89. The company has a market cap of £1.50 billion, a PE ratio of 3,586.67, a price-to-earnings-growth ratio of 4.18 and a beta of 1.08. The company has a debt-to-equity ratio of 18.37, a current ratio of 1.21 and a quick ratio of 0.05. Quilter has a 52-week low of GBX 71.20 ($0.88) and a 52-week high of GBX 109.80 ($1.36).

Quilter Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Thursday, April 18th will be given a GBX 3.70 ($0.05) dividend. This is a positive change from Quilter's previous dividend of $1.50. This represents a yield of 3.64%. The ex-dividend date of this dividend is Thursday, April 18th. Quilter's dividend payout ratio is presently 16,666.67%.

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Insiders Place Their Bets

In other Quilter news, insider Mark Satchel sold 41,557 shares of the company's stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of GBX 103 ($1.27), for a total value of £42,803.71 ($52,870.20). Insiders own 5.28% of the company's stock.

Quilter Company Profile

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Quilter plc provides advice-led investment solutions in the United Kingdom and internationally. It operates through High Net Worth and Affluent segments. The High Net Worth segment provides discretionary investment management services to high-net worth clients, charities, companies, and institutions through a network of branches; and financial advice services for protection, mortgages, savings, investment, and pensions primarily to high-net-worth clients.

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