Quilter (LON:QLT) Rating Reiterated by JPMorgan Chase & Co.

JPMorgan Chase & Co. reiterated their overweight rating on shares of Quilter (LON:QLT) in a research report sent to investors on Tuesday morning, MarketBeat Ratings reports.

Several other brokerages have also issued reports on QLT. Citigroup raised Quilter to a neutral rating in a research report on Friday, May 31st. Berenberg Bank increased their price objective on Quilter from GBX 105 ($1.38) to GBX 135 ($1.78) and gave the stock a hold rating in a report on Friday, August 9th.

Quilter Price Performance

QLT stock opened at GBX 134.20 ($1.76) on Tuesday. The firm has a 50-day moving average of GBX 130.96 and a 200 day moving average of GBX 116.66. The company has a debt-to-equity ratio of 18.69, a current ratio of 1.18 and a quick ratio of 0.05. The company has a market cap of £1.87 billion, a P/E ratio of 3,355.00, a PEG ratio of 2.55 and a beta of 1.05. Quilter has a 1 year low of GBX 75.05 ($0.99) and a 1 year high of GBX 150.50 ($1.98).

Quilter Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, September 23rd. Shareholders of record on Thursday, August 29th will be paid a dividend of GBX 1.70 ($0.02) per share. This represents a dividend yield of 1.33%. The ex-dividend date of this dividend is Thursday, August 29th. Quilter’s dividend payout ratio is 12,500.00%.

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.