Quilter’s (QLT) “Hold” Rating Reaffirmed at Berenberg Bank

Berenberg Bank reiterated their hold rating on shares of Quilter (LON:QLT) in a research report sent to investors on Thursday morning, Digital Look reports. The firm currently has a GBX 105 ($1.30) price objective on the stock.

Quilter Stock Up 2.6 %

QLT opened at GBX 108.10 ($1.34) on Thursday. The stock has a market capitalization of £1.50 billion, a price-to-earnings ratio of 3,593.33, a PEG ratio of 4.18 and a beta of 1.08. The firm has a 50 day moving average price of GBX 102.53 and a 200-day moving average price of GBX 97.73. 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.

Quilter Increases Dividend

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

Insiders Place Their Bets

In related news, insider Mark Satchel sold 41,557 shares of the firm’s stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of GBX 103 ($1.27), for a total value 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.