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.

Quilter Stock Performance

QLT Stock traded down GBX 3.95 ($0.05) during midday trading on Wednesday, reaching GBX 115.80 ($1.40). The company had a trading volume of 2,534,308 shares, compared to its average volume of 4,909,823. The company has a quick ratio of 0.05, a current ratio of 1.21 and a debt-to-equity ratio of 17.19. The stock has a 50 day moving average price of GBX 108.50 and a 200 day moving average price of GBX 125.21. Quilter has a fifty-two week low of GBX 95.40 ($1.15) and a fifty-two week high of GBX 169.15 ($2.04). The firm has a market capitalization of £1.63 billion and a PE ratio of 5,790.00.

Quilter Cuts Dividend

The business also recently announced a dividend, which will be paid on Monday, September 19th. Shareholders of record on Thursday, September 1st will be paid a GBX 1.20 ($0.01) dividend. The ex-dividend date is Thursday, September 1st. This represents a yield of 1%. Quilter's payout ratio is currently 309.17%.

Wall Street Analyst Weigh In

QLT has been the topic of a number of analyst reports. Barclays dropped their target price on Quilter from GBX 120 ($1.45) to GBX 100 ($1.21) and set an "underweight" rating on the stock in a research report on Friday, July 15th. Royal Bank of Canada dropped their target price 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. Berenberg Bank lowered their price objective on Quilter from GBX 162 ($1.96) to GBX 125 ($1.51) and set a "hold" rating for the company in a report on Tuesday, June 28th. Citigroup reissued a "neutral" rating and issued a GBX 105 ($1.27) price objective on shares of Quilter in a report on Wednesday, July 20th. Finally, JPMorgan Chase & Co. lowered Quilter to a "neutral" rating and lowered their price objective for the company from GBX 180 ($2.17) to GBX 115 ($1.39) in a report on Friday, July 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Quilter presently has a consensus rating of "Hold" and a consensus target price of GBX 132.50 ($1.60).

Insider Buying and Selling at Quilter

In related news, insider Glyn Barker bought 88,858 shares of the firm's stock in a transaction on Friday, June 10th. The stock was bought at an average cost of GBX 112 ($1.35) per share, for a total transaction of £99,520.96 ($120,252.49). In other news, insider Mark Satchel sold 198,125 shares of the business's stock in a transaction that occurred on Thursday, May 12th. The stock was sold at an average price of GBX 123 ($1.49), for a total transaction of £243,693.75 ($294,458.37). Also, insider Glyn Barker acquired 88,858 shares of Quilter stock in a transaction dated Friday, June 10th. The shares were acquired at an average price of GBX 112 ($1.35) per share, with a total value of £99,520.96 ($120,252.49).