Quilter (LON:QLT) Insider Sells £1,009,687.65 in Stock

Key Points

• Insider sale: Director Mark Satchel sold 570,445 shares on April 7 at an average price of GBX 177, totaling £1,009,687.65.
• Analyst sentiment: Six analysts rate Quilter a Buy and one a Hold, giving an average rating of "Moderate Buy" and an average price target of GBX 210.29 (notable targets range up to GBX 250).
• Current trading & fundamentals: Quilter traded around GBX 183.60 with a market cap of £2.53bn and a P/E of 21.35, and recently reported quarterly EPS of GBX 8.90 with a net margin of 1.28%.

Quilter plc (LON:QLT - Get Free Report) insider Mark Satchel sold 570,445 shares of Quilter stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of GBX 177, for a total transaction of £1,009,687.65.

Quilter Stock Up 0.2%

Quilter stock traded up GBX 0.40 during midday trading on Friday, hitting GBX 183.60. 864,191 shares of the stock were exchanged, compared to its average volume of 22,485,049. Quilter plc has a 1 year low of GBX 125.20 and a 1 year high of GBX 201.60. The firm has a market cap of £2.53 billion, a P/E ratio of 21.35, a P/E/G ratio of 2.50 and a beta of 0.80. The company has a debt-to-equity ratio of 18.49, a current ratio of 3.92 and a quick ratio of 0.05. The company has a 50 day moving average price of GBX 183.01 and a two-hundred day moving average price of GBX 181.41.

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on QLT. Citigroup boosted their target price on shares of Quilter from GBX 198 to GBX 200 and gave the stock a "neutral" rating in a research report on Monday, January 26th. UBS Group reaffirmed a "buy" rating and set a GBX 210 target price on shares of Quilter in a report on Friday, January 16th. Deutsche Bank Aktiengesellschaft lifted their target price on Quilter from GBX 170 to GBX 175 and gave the stock a "buy" rating in a research report on Thursday, March 5th. Berenberg Bank reiterated a "buy" rating and issued a GBX 215 target price on shares of Quilter in a research report on Thursday, March 5th. Finally, Jefferies Financial Group lifted their target price on Quilter from GBX 210 to GBX 250 and gave the stock a "buy" rating in a research report on Thursday, January 22nd. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, Quilter currently has an average rating of "Moderate Buy" and an average price target 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.