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Quilter ( (GB:QLT) ) has issued an announcement.
Quilter plc has continued its share buyback programme, repurchasing ordinary shares on both the London Stock Exchange and the Johannesburg Stock Exchange and confirming that all acquired shares will be cancelled. Since early March, the company has bought back more than 15.8 million shares across the two markets, reducing its share count to about 1.39 billion and signalling an ongoing commitment to returning capital to shareholders and potentially enhancing earnings per share.
The latest tranche of purchases included several hundred thousand shares bought over multiple days in early May, at prices reflecting prevailing market levels in both sterling and rand. By cancelling the repurchased shares and maintaining no treasury stock, Quilter is tightening its equity base, which may support its share price and underscores management’s confidence in the company’s financial position and future prospects.
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-based wealth management company focused on providing investment and financial planning services to retail and affluent clients. Listed in both London and Johannesburg, it operates across multiple markets, offering asset management, advisory, and platform solutions aimed at long-term savings and investment needs.
YTD Price Performance: 3.76%
Average Trading Volume: 4,174,691
Technical Sentiment Signal: Buy
Current Market Cap: £2.48B
See more data about QLT stock on TipRanks’ Stock Analysis page.