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Quilter shrinks share count with dual-market buybacks

Story Highlights
  • Quilter has repurchased over 1.5 million shares in London and Johannesburg for cancellation.
  • The buybacks reduce shares in issue, modestly enhancing EPS and signalling capital return focus.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Quilter shrinks share count with dual-market buybacks

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Quilter ( (GB:QLT) ) has issued an update.

Quilter has continued its share buyback programme, repurchasing a total of 1,018,109 ordinary shares on the London Stock Exchange between 4 and 6 March 2026 at an aggregate cost of about £1.86 million, with all of these shares intended for cancellation. Over the same period, it bought 518,588 shares on the Johannesburg Stock Exchange for roughly ZAR 21 million, also for cancellation, leaving 1,402,568,801 ordinary shares in issue and no shares held in treasury, a move that marginally boosts earnings per share and signals ongoing capital return to shareholders.

The latest transactions were executed through Goldman Sachs International, acting across relevant affiliates and platforms, and form part of a broader capital management strategy to optimise Quilter’s balance sheet. By shrinking its share count across both its UK and South African listings, the group reinforces its commitment to shareholder value and maintains flexibility in how it deploys surplus capital within a competitive wealth management sector.

The most recent analyst rating on (GB:QLT) stock is a Buy with a £207.00 price target. To see the full list of analyst forecasts on Quilter stock, see the GB:QLT Stock Forecast page.

Spark’s Take on GB:QLT Stock

According to Spark, TipRanks’ AI Analyst, GB: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 GB:QLT stock, click here.

More about Quilter

Quilter plc is a UK-based wealth management group providing advice-led investment and savings solutions to retail and high-net-worth clients. The company is listed on both the London Stock Exchange and the Johannesburg Stock Exchange, giving it access to investors in the UK and South Africa and reflecting its focus on cross-border capital markets participation.

YTD Price Performance: 0.66%

Average Trading Volume: 3,469,467

Technical Sentiment Signal: Buy

Current Market Cap: £2.49B

Learn more about QLT stock on TipRanks’ Stock Analysis page.

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