Quilter (QLT)

Sector:

Financials

Index:

FTSE 250

159.30p
   
  • Change Today:
      7.10p
  • 52 Week High: 161.45
  • 52 Week Low: 112.20
  • Currency: UK Pounds
  • Shares Issued: 1,902.25m
  • Volume: 13,570,273
  • Market Cap: £3,030.29m
  • RiskGrade: 141
  • Beta: 1.25

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Quilter's gross sales drop as investment managers walk

By Iain Gilbert

Date: Wednesday 23 Oct 2019

LONDON (ShareCast) - (Sharecast News) - Wealth manager Quilter saw a dip in gross sales in the third quarter despite reporting improved assets under management and administration.
Assets under management and administration edged up 0.5% to £118.7bn during the three months ended 30 September. However, Quilter reported a net client cash outflow of £1.4bn, a marked turnaround from the inflow of £500m recorded in the same period a year earlier.

Excluding Quilter Life Assurance, which saw the departure of multiple investment managers during the period lead to the loss of £600m in AUMA, Quilter still reported an outflow of £500m, compared to an inflow of £1.1bn in the prior year.

Year-to-date net client cash outflow came to £2.3bn, swinging from an inflow of £2.7bn in the prior year.

Chief executive Paul Feeney said: "We expected this year to be challenging for net client cash flows, reflecting an uncertain political and economic backdrop coupled with some Quilter-specific factors, in particular, the loss of a certain cohort of investment managers in Quilter Cheviot last year.

"Notwithstanding the challenging backdrop, we continue to be encouraged by resilient gross flows and high levels of customer asset retention across our businesses which were broadly stable on 2018, excluding the impact of the Quilter Cheviot outflows. While near-term headwinds remain, this demonstrates that our clients and their advisers value Quilter's integrated advice-led model, and this continues to provide support to our revenue and operating margin outlook."

As of 0835 BST, Quilter shares had dipped 1.28% to 142.20p.

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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 159.30p
Change Today 7.10p
% Change 4.66 %
52 Week High 161.45
52 Week Low 112.20
Volume 13,570,273
Shares Issued 1,902.25m
Market Cap £3,030.29m
Beta 1.25
RiskGrade 141

Quilter Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
29.26% below the market average29.26% below the market average29.26% below the market average29.26% below the market average29.26% below the market average
57.35% below the sector average57.35% below the sector average57.35% below the sector average57.35% below the sector average57.35% below the sector average
Price Trend
66.87% above the market average66.87% above the market average66.87% above the market average66.87% above the market average66.87% above the market average
78.08% above the sector average78.08% above the sector average78.08% above the sector average78.08% above the sector average78.08% above the sector average
Income
29.73% above the market average29.73% above the market average29.73% above the market average29.73% above the market average29.73% above the market average
41.46% below the sector average41.46% below the sector average41.46% below the sector average41.46% below the sector average41.46% below the sector average
Growth
3.17% above the market average3.17% above the market average3.17% above the market average3.17% above the market average3.17% above the market average
1.64% below the sector average1.64% below the sector average1.64% below the sector average1.64% below the sector average1.64% below the sector average

What The Brokers Say

Strong Buy 5
Buy 0
Neutral 2
Sell 0
Strong Sell 0
Total 7
buy
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-19 25-Apr-19
Paid 20-Sep-19 20-May-19
Amount 1.70p 3.30p

Trades for 13-Dec-2019

Time Volume / Share Price
17:06 5,000 @ 159.30p
16:35 1,429,521 @ 159.30p
16:29 305 @ 158.90p
16:29 494 @ 159.05p
16:29 1,354 @ 159.15p

Quilter Key Personnel

CEO Paul Feeney
CFO Mark Satchel

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