Shares of Quilter plc (LON:QLT – Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 110.20 ($1.38) and last traded at GBX 106.75 ($1.34), with a volume of 270291 shares traded. The stock had previously closed at GBX 107.60 ($1.35).
Analyst Upgrades and Downgrades
Separately, Berenberg Bank restated a “hold” rating and issued a GBX 105 ($1.32) target price on shares of Quilter in a report on Thursday, April 25th.
Quilter Stock Up 0.5 %
Quilter Increases Dividend
The firm also recently declared a dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Thursday, April 18th will be paid a dividend of GBX 3.70 ($0.05) per share. This represents a dividend yield of 3.64%. The ex-dividend date of this dividend is Thursday, April 18th. This is a boost from Quilter’s previous dividend of $1.50. Quilter’s dividend payout ratio (DPR) is currently 16,666.67%.
Insider Transactions at Quilter
In other news, insider Mark Satchel sold 41,557 shares of the firm’s stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of GBX 103 ($1.29), for a total transaction of £42,803.71 ($53,766.75). Corporate insiders own 5.28% 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.
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