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

Berenberg Bank reiterated their hold rating on shares of Quilter (LON:QLT) in a research note released on Thursday, Marketbeat.com reports. Berenberg Bank currently has a GBX 105 ($1.30) price target on the stock.

Quilter Stock Performance

Quilter stock opened at GBX 107.60 ($1.33) on Thursday. Quilter has a twelve month low of GBX 71.20 ($0.88) and a twelve month high of GBX 109.80 ($1.36). The company has a quick ratio of 0.05, a current ratio of 1.21 and a debt-to-equity ratio of 18.37. The company has a market capitalization of £1.50 billion, a P/E ratio of 3,586.67, a PEG ratio of 4.18 and a beta of 1.08. The stock’s 50 day moving average is GBX 102.62 and its 200 day moving average is GBX 97.96.

Quilter Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Thursday, April 18th will be paid a GBX 3.70 ($0.05) dividend. This is a boost from Quilter’s previous dividend of $1.50. This represents a dividend yield of 3.64%. The ex-dividend date is Thursday, April 18th. Quilter’s dividend payout ratio is currently 16,666.67%.

Insider Activity

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

About Quilter

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.