Quilter (QLT)

Sector:

Financials

Index:

FTSE 250

150.90p
   
  • Change Today:
      0.90p
  • 52 Week High: 162.20p
  • 52 Week Low: 113.90p
  • Currency: UK Pounds
  • Shares Issued: 1,404.11m
  • Volume: 1,050,192
  • Market Cap: £2,118.80m
  • RiskGrade: 118
  • Beta: 0.00

Quilter sees double-digit growth in profits, AuMA

By Benjamin Chiou

Date: Wednesday 05 Mar 2025

LONDON (ShareCast) - (Sharecast News) - Wealth management outfit Quilter has lifted its full-year dividend by 13% after a strong end to 2024, as the company reported double-digit profit growth and a big increase in assets under management and administration (AuMA).
AuMA rose 12% to £119.4bn, with net inflows of £4.8bn, helped by what it called "supportive markets".

Chief executive Steven Levin said 2024 was an "excellent year in terms of net inflows, revenue momentum, cost discipline and profit growth".

Revenues were up 7% at £670m, reflecting higher management fee revenue on higher asset levels combined with increased investment revenue generated on shareholder funds.

Adjusted pre-tax profit was 17% higher at £196m, helped by a two-percentage point increase in the operating margin to 29%.

The bottom line was also helped by Quilter's "simplification programme" which delivered £35m of the targeted £50m of savings, with the remainder expected to be achieved by the end of this year.

The company proposed a full-year dividend of 5.9p per share, up from 5.2p in 2023.

Meanwhile, Quilter's so-called "skilled person review", which was kicked off last year after concerns raised by the FCA, is still ongoing but is expected to be completed during the second quarter. The company has now put aside £76m as a "customer remediation exercise provision" to cover potential redress for clients that did not receive ongoing advice.

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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 150.90p
Change Today 0.90p
% Change 0.60 %
52 Week High 162.20p
52 Week Low 113.90p
Volume 1,050,192
Shares Issued 1,404.11m
Market Cap £2,118.80m
Beta 0.00
RiskGrade 118

Quilter Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
33.29% below the market average33.29% below the market average33.29% below the market average33.29% below the market average33.29% below the market average
38% below the sector average38% below the sector average38% below the sector average38% below the sector average38% below the sector average
Price Trend
59.50% above the market average59.50% above the market average59.50% above the market average59.50% above the market average59.50% above the market average
49.06% above the sector average49.06% above the sector average49.06% above the sector average49.06% above the sector average49.06% above the sector average
Income
20.11% below the market average20.11% below the market average20.11% below the market average20.11% below the market average20.11% below the market average
62.07% below the sector average62.07% below the sector average62.07% below the sector average62.07% below the sector average62.07% below the sector average
Growth
69.99% below the market average69.99% below the market average69.99% below the market average69.99% below the market average69.99% below the market average
50% below the sector average50% below the sector average50% below the sector average50% below the sector average50% below the sector average

What The Brokers Say

Strong Buy 3
Buy 2
Neutral 7
Sell 1
Strong Sell 1
Total 14
neutral
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 10-Apr-25 29-Aug-24
Paid 27-May-25 23-Sep-24
Amount 4.20p 1.70p

Trades for 04-Jun-2025

Time Volume / Share Price
16:47 37,539 @ 150.33p
16:35 6,162 @ 150.90p
16:35 469,563 @ 150.90p
16:35 770 @ 150.90p
16:35 9,027 @ 150.90p

Quilter Key Personnel

CFO Mark Satchel
CEO Steven Levin

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