Quilter plc (QLT) To Go Ex-Dividend on May 23rd

Quilter plc (LON:QLTGet Rating) announced a dividend on Wednesday, March 9th, Upcoming.Co.Uk reports. Investors of record on Monday, May 23rd will be paid a dividend of GBX 20 ($0.25) per share on Monday, June 6th. The ex-dividend date of this dividend is Monday, May 23rd. This is an increase from Quilter’s previous dividend of $3.90. The official announcement can be viewed at this link.

Shares of LON:QLT opened at GBX 121.90 ($1.50) on Friday. Quilter has a 12 month low of GBX 108.30 ($1.34) and a 12 month high of GBX 169.65 ($2.09). The stock has a market cap of £2.00 billion and a price-to-earnings ratio of 12.97. The stock’s 50 day moving average price is GBX 136.12 and its 200 day moving average price is GBX 140.78. The company has a debt-to-equity ratio of 17.19, a current ratio of 1.21 and a quick ratio of 0.05.

In other news, insider Mark Satchel sold 198,125 shares of the business’s stock in a transaction on Thursday, May 12th. The shares were sold at an average price of GBX 123 ($1.52), for a total transaction of £243,693.75 ($300,411.43). Also, insider Paul Feeney sold 72,449 shares of the business’s stock in a transaction on Tuesday, March 29th. The shares were sold at an average price of GBX 139 ($1.71), for a total transaction of £100,704.11 ($124,142.15).

QLT has been the topic of several recent research reports. JPMorgan Chase & Co. decreased their price target on shares of Quilter from GBX 190 ($2.34) to GBX 180 ($2.22) and set an “overweight” rating on the stock in a research report on Thursday, April 21st. Berenberg Bank restated a “hold” rating and issued a GBX 162 ($2.00) price target on shares of Quilter in a research report on Wednesday, March 23rd. Royal Bank of Canada decreased their price target on shares of Quilter from GBX 180 ($2.22) to GBX 170 ($2.10) and set an “outperform” rating on the stock in a research report on Tuesday. Finally, Barclays restated an “underweight” rating and issued a GBX 120 ($1.48) price target on shares of Quilter in a research report on Monday, May 9th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Quilter currently has an average rating of “Hold” and an average target price of GBX 162.40 ($2.00).

Quilter Company Profile (Get Rating)

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.

Further Reading

Dividend History for Quilter (LON:QLT)

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