Quilter (LON:QLT) Shares Down 2.4%

Quilter PLC (LON:QLT)’s stock price dropped 2.4% during mid-day trading on Monday . The stock traded as low as GBX 136.40 ($1.78) and last traded at GBX 138.85 ($1.81), approximately 2,343,638 shares traded hands during trading. The stock had previously closed at GBX 142.25 ($1.86).

QLT has been the subject of several recent research reports. Royal Bank of Canada reiterated an “outperform” rating on shares of Quilter in a report on Friday, June 21st. UBS Group reiterated a “buy” rating and set a GBX 185 ($2.42) price objective on shares of Quilter in a report on Monday, August 5th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 173 ($2.26).

The company has a fifty day simple moving average of GBX 133.44 and a two-hundred day simple moving average of GBX 140.89. The company has a debt-to-equity ratio of 14.48, a current ratio of 0.25 and a quick ratio of 0.05. The company has a market capitalization of $2.64 billion and a P/E ratio of 20.12.

The business also recently announced a dividend, which was paid on Friday, September 20th. Shareholders of record on Thursday, August 29th were issued a dividend of GBX 1.70 ($0.02) per share. The ex-dividend date was Thursday, August 29th. This represents a yield of 1.23%. Quilter’s dividend payout ratio (DPR) is currently 0.43%.

In other Quilter news, insider Paul Feeney sold 78,623 shares of the firm’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of GBX 140 ($1.83), for a total transaction of £110,072.20 ($143,828.83).

About Quilter (LON:QLT)

Quilter plc provides advice-led investment solutions and investment platforms in the United Kingdom and internationally. The company operates in two segments, Advice and Wealth Management, and Wealth Platforms. The Advice and Wealth Management segment offers face-to-face financial advice services; mortgage and financial planning advice, and financial solutions for individuals and businesses; multi-asset investment solutions for its customers' accumulation and decumulation needs; and discretionary and advisory wealth management services to private investors and corporate pension funds, trusts, and charities.

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