Quilter (QLT) Hits New 1-Year Low at $128.02

Quilter PLC (LON:QLT) hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 128.02 ($1.67) and last traded at GBX 128.54 ($1.68), with a volume of 4572333 shares changing hands. The stock had previously closed at GBX 132.84 ($1.74).

A number of equities research analysts have issued reports on QLT shares. UBS Group reissued a “buy” rating on shares of Quilter in a report on Tuesday, July 31st. JPMorgan Chase & Co. started coverage on shares of Quilter in a report on Monday, August 6th. They set a “neutral” rating and a GBX 163 ($2.13) target price on the stock. Goldman Sachs Group started coverage on shares of Quilter in a report on Monday, August 6th. They set a “buy” rating and a GBX 180 ($2.35) target price on the stock. Finally, Numis Securities boosted their target price on shares of Quilter from GBX 142 ($1.86) to GBX 147 ($1.92) and gave the company a “hold” rating in a report on Thursday, August 9th.

The company also recently declared a dividend, which was paid on Friday, September 21st. Stockholders of record on Thursday, August 23rd were given a dividend of GBX 12 ($0.16) per share. The ex-dividend date was Thursday, August 23rd. This represents a dividend yield of 7.97%.

In other news, insider Glyn Jones purchased 50,000 shares of Quilter stock in a transaction dated Thursday, August 9th. The stock was purchased at an average cost of GBX 151 ($1.97) per share, for a total transaction of £75,500 ($98,654.12).

About Quilter (LON:QLT)

Quilter plc provides advice-led investment solutions and investment platforms in the United Kingdom and internationally. The company operates through two segments, Advice & Wealth Management, and Wealth Platforms. The Advice & Wealth Management segment offers regulated face-to-face advice services to individuals and businesses in financial planning, mortgages, and protection through qualified financial advisers and mortgage and protection advisers; multi-asset investment solutions for its customers' accumulation and decumulation needs; and discretionary and advisory wealth management services to private clients, corporates, pension funds, trusts, and charities.

Featured Article: How to Invest in an Index Fund

Receive News & Ratings for Quilter Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quilter and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply