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An announcement from Quilter ( (GB:QLT) ) is now available.
Quilter has continued its share buyback programme, purchasing ordinary shares on both the London Stock Exchange and the Johannesburg Stock Exchange in early April and intending to cancel all of the repurchased stock. Since early March, the company has acquired millions of shares across both markets, leaving 1,393,556,366 ordinary shares in issue and signalling an ongoing effort to return capital to shareholders and manage its capital structure.
The latest transactions, executed through Goldman Sachs International, include detailed price ranges and volumes in both sterling and rand, underlining Quilter’s dual-market presence and active engagement with investors in the UK and South Africa. The cancellation of these shares is expected to reduce the overall share count, which can enhance earnings per share and may support the company’s valuation over time, depending on market conditions and operational performance.
The most recent analyst rating on (GB:QLT) stock is a Buy with a £212.00 price target. To see the full list of analyst forecasts on Quilter stock, see the GB:QLT Stock Forecast page.
Spark’s Take on QLT Stock
According to Spark, TipRanks’ AI Analyst, QLT is a Outperform.
The score is driven primarily by solid fundamentals (cash generation and low leverage) and a strong, confident earnings-call outlook with robust flow momentum and shareholder-return commitments. Offsetting factors are weaker near-term technicals and only moderate valuation support, alongside lingering profitability volatility and a guided step-up in costs.
To see Spark’s full report on QLT stock, click here.
More about Quilter
Quilter plc is a UK-headquartered wealth management group that provides investment and financial planning services to retail and institutional clients. The company is listed in both London and Johannesburg, reflecting a focus on investors in the UK and South Africa and positioning it within the broader international asset and wealth management industry.
Average Trading Volume: 3,475,227
Technical Sentiment Signal: Buy
Current Market Cap: £2.4B
See more insights into QLT stock on TipRanks’ Stock Analysis page.