Quilter (LON:QLT) Reaches New 12-Month High – Should You Buy?

Quilter plc (LON:QLT)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 150.68 ($1.97) and last traded at GBX 150 ($1.96), with a volume of 185817 shares. The stock had previously closed at GBX 141.60 ($1.85).

Analyst Ratings Changes

A number of research firms have recently issued reports on QLT. JPMorgan Chase & Co. restated an “overweight” rating on shares of Quilter in a research report on Tuesday, September 3rd. Berenberg Bank raised their price target on shares of Quilter from GBX 105 ($1.37) to GBX 135 ($1.76) and gave the stock a “hold” rating in a research report on Friday, August 9th.

Quilter Stock Performance

The company has a current ratio of 1.18, a quick ratio of 0.05 and a debt-to-equity ratio of 18.69. The stock’s 50-day moving average price is GBX 137.27 and its 200-day moving average price is GBX 123.39. The company has a market capitalization of £2.06 billion, a P/E ratio of 3,682.50, a P/E/G ratio of 2.50 and a beta of 1.05.

Quilter Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, September 23rd. Investors of record on Thursday, August 29th were issued a GBX 1.70 ($0.02) dividend. The ex-dividend date was Thursday, August 29th. This represents a dividend yield of 1.33%. Quilter’s dividend payout ratio (DPR) is presently 12,500.00%.

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.