Quilter’s (QLT) “Hold” Rating Reaffirmed at Numis Securities

Numis Securities reissued their hold rating on shares of Quilter (LON:QLT) in a research note published on Monday morning. They currently have a GBX 140 ($1.83) price objective on the stock.

A number of other research analysts have also issued reports on the company. UBS Group reiterated a buy rating on shares of Quilter in a research report on Tuesday, July 31st. Goldman Sachs Group started coverage on Quilter in a research report on Monday, August 6th. They set a buy rating and a GBX 180 ($2.35) price target for the company. Finally, JPMorgan Chase & Co. started coverage on Quilter in a research report on Monday, August 6th. They set a neutral rating and a GBX 163 ($2.13) price target for the company.

Shares of QLT stock opened at GBX 129.40 ($1.69) on Monday.

The firm also recently declared a dividend, which was paid on Friday, September 21st. Shareholders 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 yield of 7.97%.

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

Quilter Company Profile

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.

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