Quilter (LON:QLT) Reaches New 1-Year High at $118.89

Quilter plc (LON:QLT) hit a new 52-week high during trading on Thursday . The company traded as high as GBX 118.89 ($1.51) and last traded at GBX 118.89 ($1.51), with a volume of 8554254 shares changing hands. The stock had previously closed at GBX 114 ($1.45).

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “hold” rating and issued a GBX 105 ($1.33) price target on shares of Quilter in a report on Thursday, April 25th.

Quilter Stock Up 2.1 %

The company has a debt-to-equity ratio of 18.37, a quick ratio of 0.05 and a current ratio of 1.21. The firm has a market cap of £1.66 billion, a price-to-earnings ratio of 3,970.00, a price-to-earnings-growth ratio of 4.18 and a beta of 1.08. The firm has a 50-day moving average price of GBX 107.33 and a two-hundred day moving average price of GBX 101.93.

Quilter Increases Dividend

The company also recently declared a dividend, which will be paid on Tuesday, May 28th. Investors of record on Thursday, April 18th will be paid 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 an increase from Quilter’s previous dividend of $1.50. Quilter’s dividend payout ratio (DPR) is currently 16,666.67%.

Insider Buying and Selling at Quilter

In related news, insider Mark Satchel sold 41,557 shares of Quilter stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of GBX 103 ($1.31), for a total value of £42,803.71 ($54,402.28). Company insiders own 4.66% of the company’s stock.

Quilter Company Profile

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.