Insider Selling: Quilter (LON:QLT) Insider Sells 679,997 Shares of Stock

Quilter plc (LON:QLT) insider Steven Levin sold 679,997 shares of the business’s stock in a transaction that occurred on Tuesday, April 7th. The stock was sold at an average price of GBX 177, for a total value of £1,203,594.69.

Quilter Price Performance

LON QLT traded up GBX 0.40 during trading hours on Friday, reaching GBX 183.60. The company’s stock had a trading volume of 864,191 shares, compared to its average volume of 22,485,049. The company has a market capitalization of £2.53 billion, a price-to-earnings ratio of 21.35, a PEG ratio of 2.50 and a beta of 0.80. Quilter plc has a 1 year low of GBX 125.20 and a 1 year high of GBX 201.60. The company has a quick ratio of 0.05, a current ratio of 3.92 and a debt-to-equity ratio of 18.49. The firm’s 50-day moving average price is GBX 183.01 and its 200-day moving average price is GBX 181.41.

Quilter (LON:QLT) last announced its quarterly earnings results on Wednesday, March 4th. The company reported GBX 8.90 EPS for the quarter. Quilter had a net margin of 1.28% and a return on equity of 8.35%. On average, equities research analysts predict that Quilter plc will post 9.004676 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have commented on QLT shares. Citigroup boosted their price target on shares of Quilter from GBX 198 to GBX 200 and gave the stock a “neutral” rating in a research note on Monday, January 26th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Quilter from GBX 170 to GBX 175 and gave the stock a “buy” rating in a report on Thursday, March 5th. UBS Group reissued a “buy” rating and set a GBX 210 target price on shares of Quilter in a research report on Friday, January 16th. Berenberg Bank reissued a “buy” rating and set a GBX 215 target price on shares of Quilter in a research report on Thursday, March 5th. Finally, JPMorgan Chase & Co. cut their target price on Quilter from GBX 223 to GBX 212 and set an “overweight” rating on the stock in a research report on Thursday, March 19th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 210.29.

Quilter Company Profile

Quilter is a leading UK and cross-border full-service wealth management business, whose purpose is to help create prosperity for the generations of today and tomorrow. It has leading positions in one of the world’s largest wealth markets, and its multi-channel proposition and investment performance are delivering attractive growth.