Quilter (LON:QLT) Reaches New 12-Month Low at $81.80

Quilter plc (LON:QLT – Get Rating) shares reached a new 52-week low during trading on Tuesday . The stock traded as low as GBX 81.80 ($1.00) and last traded at GBX 81.98 ($1.00), with a volume of 178360 shares. The stock had previously closed at GBX 83.94 ($1.02).

Wall Street Analyst Weigh In

Several research analysts have recently commented on QLT shares. Numis Securities reiterated a “hold” rating and issued a GBX 85 ($1.04) price objective on shares of Quilter in a report on Thursday, March 9th. Citigroup reissued a “sell” rating on shares of Quilter in a research note on Monday. JPMorgan Chase & Co. cut Quilter to an “underweight” rating and cut their target price for the stock from GBX 83 ($1.01) to GBX 74 ($0.90) in a research note on Tuesday, January 17th. Finally, Barclays reissued an “underweight” rating and issued a GBX 90 ($1.10) target price on shares of Quilter in a research note on Thursday, January 26th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of GBX 108.17 ($1.32).

Quilter Stock Performance

The company has a 50-day simple moving average of GBX 95.12 and a two-hundred day simple moving average of GBX 96.68. The company has a debt-to-equity ratio of 19.24, a quick ratio of 0.05 and a current ratio of 1.16. The firm has a market capitalization of £1.16 billion, a P/E ratio of 599.57, a PEG ratio of -1.21 and a beta of 1.14.

Quilter Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, May 22nd. Shareholders of record on Thursday, April 20th will be given a dividend of GBX 3.30 ($0.04) per share. This represents a yield of 3.7%. This is a boost from Quilter’s previous dividend of $1.20. The ex-dividend date is Thursday, April 20th. Quilter’s payout ratio is presently 4,285.71%.

About Quilter

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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.