Quilter (QLT)

Sector:

Financials

Index:

FTSE 250

142.50p
   
  • Change Today:
      1.00p
  • 52 Week High: 148.20
  • 52 Week Low: 92.70
  • Currency: UK Pounds
  • Shares Issued: 1,404.11m
  • Volume: 569,485
  • Market Cap: £2,000.85m
  • RiskGrade: 118
  • Beta: 1.45

Quilter delivers record H1 adjusted profits

By Iain Gilbert

Date: Wednesday 07 Aug 2024

LONDON (ShareCast) - (Sharecast News) - Wealth management firm Quilter posted record interim adjusted profits on Wednesday as net inflows bounced back amid a recovery in global equity markets throughout the half.
Quilter said adjusted pre-tax profits had surged 28% to £97.0m in the six months ended 30 June, while operating margins rose five points to 29%. Assets under management increased 7% to £113.8bn.

The FTSE 250-listed firm stated net inflows into its core businesses came to £1.7bn, up £1.0bn year-on-year, as a result of "continued good progress" from its high net worth and affluent segments, as well as 50% gross inflows growth via its independent financial adviser channel.

"With UK inflation easing, consumers' disposable income has improved, leading to early signs of incremental discretionary saving," said chief executive Steven Levin. "We expect new business levels across the industry in 2024 to be higher than in 2023."

As of 0825 BST, Quilter shares were up 4.63% at 133.40p.











Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Quilter Market Data

Currency UK Pounds
Share Price 142.50p
Change Today 1.00p
% Change 0.71 %
52 Week High 148.20
52 Week Low 92.70
Volume 569,485
Shares Issued 1,404.11m
Market Cap £2,000.85m
Beta 1.45
RiskGrade 118

Quilter Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
43.49% above the market average43.49% above the market average43.49% above the market average43.49% above the market average43.49% above the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average
Price Trend
87.95% above the market average87.95% above the market average87.95% above the market average87.95% above the market average87.95% above the market average
82.14% above the sector average82.14% above the sector average82.14% above the sector average82.14% above the sector average82.14% above the sector average
Income
33.42% above the market average33.42% above the market average33.42% above the market average33.42% above the market average33.42% above the market average
44.62% below the sector average44.62% below the sector average44.62% below the sector average44.62% below the sector average44.62% below the sector average
Growth
64.59% below the market average64.59% below the market average64.59% below the market average64.59% below the market average64.59% below the market average
41.18% below the sector average41.18% below the sector average41.18% below the sector average41.18% below the sector average41.18% below the sector average

What The Brokers Say

Strong Buy 2
Buy 3
Neutral 7
Sell 2
Strong Sell 0
Total 14
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Quilter Dividends

  Latest Previous
  Interim Final
Ex-Div 29-Aug-24 18-Apr-24
Paid 23-Sep-24 28-May-24
Amount 1.70p 3.70p

Trades for 21-Nov-2024

Time Volume / Share Price
16:35 355,971 @ 142.50p
16:35 5,315 @ 142.50p
16:35 6,333 @ 142.50p
16:35 709 @ 142.50p
16:35 7,147 @ 142.50p

Quilter Key Personnel

CFO Mark Satchel
CEO Steven Levin

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