Quilter (QLT)

Sector:

Financials

Index:

FTSE 250

149.50p
   
  • Change Today:
      0.75p
  • 52 Week High: 174.70
  • 52 Week Low: 97.60
  • Currency: UK Pounds
  • Shares Issued: 1,842.88m
  • Volume: 4,523,030
  • Market Cap: £2,755.10m
  • RiskGrade: 160

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 149.50p
Change Today 0.75p
% Change 0.50 %
52 Week High 174.70
52 Week Low 97.60
Volume 4,523,030
Shares Issued 1,842.88m
Market Cap £2,755.10m
RiskGrade 160

Quilter Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
36.71% above the market average36.71% above the market average36.71% above the market average36.71% above the market average36.71% above the market average
28.79% below the sector average28.79% below the sector average28.79% below the sector average28.79% below the sector average28.79% below the sector average
Price Trend
28.59% above the market average28.59% above the market average28.59% above the market average28.59% above the market average28.59% above the market average
29.58% above the sector average29.58% above the sector average29.58% above the sector average29.58% above the sector average29.58% above the sector average
Income
25.74% above the market average25.74% above the market average25.74% above the market average25.74% above the market average25.74% above the market average
57.5% below the sector average57.5% below the sector average57.5% below the sector average57.5% below the sector average57.5% below the sector average
Growth
20.16% below the market average20.16% below the market average20.16% below the market average20.16% below the market average20.16% below the market average
17.65% below the sector average17.65% below the sector average17.65% below the sector average17.65% below the sector average17.65% below the sector average

What The Brokers Say

Strong Buy 7
Buy 0
Neutral 1
Sell 1
Strong Sell 0
Total 9
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
  Final Interim
Ex-Div 02-Apr-20 29-Aug-19
Paid 18-May-20 20-Sep-19
Amount 3.50p 1.70p

Trades for 05-Aug-2020

Time Volume / Share Price
16:35 912,684 @ 149.50p
16:29 57 @ 148.75p
16:29 113 @ 148.75p
16:29 19 @ 148.75p
16:29 2 @ 148.75p

Quilter Key Personnel

CEO Paul Feeney
CFO Mark Satchel

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