Quilter - QLT Share Forecast, Price & News

Quilter plc provides advice-led investment solutions and investment platforms in the United Kingdom and internationally. It operates in two segments, High Net Worth and Affluent. The company offers financial advice for protection, mortgages, savings, investments, and pensions. It also provides Quilter Investment Platform, an investment platform for advice-based wealth management products and services; Quilter Investors, which offers investment solutions; and Quilter Financial Planning, a restricted and independent financial adviser network that provides mortgage and financial planning advice and financial solutions to individuals and businesses through a network of intermediaries. In addition, the company offers discretionary investment management services to high-net worth customers, charities, companies, and institutions through a network of branches. Quilter plc was incorporated in 2007 and is based in London, the United Kingdom.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on QLT shares. JPMorgan Chase & Co. decreased their target price on Quilter from GBX 115 ($1.39) to GBX 110 ($1.33) and set a "neutral" rating on the stock in a research report on Friday, August 12th. Citigroup restated a "neutral" rating and issued a GBX 105 ($1.27) target price on shares of Quilter in a research report on Wednesday, July 20th. Berenberg Bank decreased their target price on Quilter from GBX 162 ($1.96) to GBX 125 ($1.51) and set a "hold" rating on the stock in a research report on Tuesday, June 28th. Barclays restated an "underweight" rating and issued a GBX 100 ($1.21) target price on shares of Quilter in a research report on Thursday, August 11th. Finally, Royal Bank of Canada reduced their price objective on Quilter from GBX 180 ($2.17) to GBX 170 ($2.05) and set an "outperform" rating on the stock in a research report on Tuesday, May 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, Quilter currently has an average rating of "Hold" and a consensus price target of GBX 122 ($1.47).

Quilter Trading Down 2.2 %

Quilter stock traded down GBX 2.40 ($0.03) during trading on Friday, reaching GBX 109 ($1.32). 11,373,308 shares of the company were exchanged, compared to its average volume of 4,890,627. Quilter has a 52-week low of GBX 95.40 ($1.15) and a 52-week high of GBX 161.60 ($1.95). The company has a market capitalization of £1.53 billion and a P/E ratio of 795.71. The company has a debt-to-equity ratio of 19.24, a current ratio of 1.17 and a quick ratio of 0.06. The stock's 50 day simple moving average is GBX 108.08 and its two-hundred day simple moving average is GBX 124.18.

Quilter Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, September 19th. Shareholders of record on Thursday, September 1st will be paid a dividend of GBX 1.20 ($0.01) per share. The ex-dividend date of this dividend is Thursday, September 1st. This represents a yield of 1%. Quilter's dividend payout ratio (DPR) is 44.17%.

Insiders Place Their Bets

In other Quilter news, insider Glyn Barker bought 88,858 shares of the business's stock in a transaction on Friday, June 10th. The stock was bought at an average price of GBX 112 ($1.35) per share, with a total value of £99,520.96 ($120,252.49). In other Quilter news, insider Tim J. Breedon bought 10,000 shares of the business's stock in a transaction on Monday, May 30th. The stock was bought at an average price of GBX 119 ($1.44) per share, with a total value of £11,900 ($14,378.93). Also, insider Glyn Barker acquired 88,858 shares of the company's stock in a transaction dated Friday, June 10th. The stock was purchased at an average cost of GBX 112 ($1.35) per share, with a total value of £99,520.96 ($120,252.49).