Quilter (LON:QLT) Insider Andrew Ross Buys 27,100 Shares of Stock

Quilter plc (LON:QLT) insider Andrew Ross purchased 27,100 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were acquired at an average cost of GBX 186 per share, for a total transaction of £50,406.

Quilter Price Performance

Shares of LON QLT traded up GBX 1.40 during mid-day trading on Thursday, reaching GBX 189. The company’s stock had a trading volume of 569,860 shares, compared to its average volume of 25,603,543. The firm has a market capitalization of £2.60 billion, a PE ratio of 21.98, a P/E/G ratio of 2.50 and a beta of 0.80. The company has a debt-to-equity ratio of 18.49, a current ratio of 3.92 and a quick ratio of 0.05. The stock has a fifty day moving average of GBX 180.47 and a two-hundred day moving average of GBX 183.91. Quilter plc has a 52 week low of GBX 143.70 and a 52 week high of GBX 201.60.

Quilter (LON:QLT) last issued its earnings results on Wednesday, March 4th. The company reported GBX 8.90 earnings per share (EPS) for the quarter. Quilter had a return on equity of 8.35% and a net margin of 1.28%. As a group, sell-side analysts anticipate that Quilter plc will post 9.004676 EPS for the current fiscal year.

Analyst Ratings Changes

QLT has been the topic of several research analyst reports. Jefferies Financial Group reissued a “buy” rating and issued a GBX 220 target price on shares of Quilter in a report on Wednesday, April 15th. Citigroup lifted their price target on shares of Quilter from GBX 190 to GBX 195 and gave the company a “neutral” rating in a report on Friday, April 24th. Berenberg Bank boosted their price target on shares of Quilter from GBX 190 to GBX 195 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Deutsche Bank Aktiengesellschaft raised their price objective on Quilter from GBX 170 to GBX 175 and gave the company a “buy” rating in a research report on Thursday, March 5th. Finally, JPMorgan Chase & Co. reduced their target price on Quilter from GBX 212 to GBX 206 and set an “overweight” rating on the stock in a report on Tuesday, April 21st. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of GBX 201.57.

About Quilter

Quilter is a leading UK-focused full-service wealth manager, providing advice-led investment solutions and investment platform services to over 500,000 clients.

Its purpose is to create brighter financial futures for every generation.

Quilter strives to do this through supporting long-term advice-based relationships, delivering good investment management performance while maintaining consistently high-quality customer service.

It has leading positions in one of the world’s largest wealth markets, and its multi-channel distribution, award-winning platform and investment solutions are delivering attractive growth.