Latest news with #QUILF
Business Insider
13-05-2025
- Business
- Business Insider
RBC Capital Sticks to Their Buy Rating for Quilter (QUILF)
In a report released on May 9, Ben Bathurst from RBC Capital maintained a Buy rating on Quilter (QUILF – Research Report), with a price target of p170.00. The company's shares closed last Tuesday at $1.82. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. According to TipRanks, Bathurst is a 5-star analyst with an average return of 17.0% and a 66.28% success rate. Currently, the analyst consensus on Quilter is a Hold with an average price target of $2.01. QUILF market cap is currently $2.55B and has a P/E ratio of -59.27. Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of QUILF in relation to earlier this year.
Yahoo
06-03-2025
- Business
- Yahoo
Quilter PLC (QUILF) (Q4 2024) Earnings Call Highlights: Strong Financial Performance Amidst ...
Adjusted Profit: Increased 17% to GBP196 million. Operating Margin: Achieved 29%, surpassing the 25% target for 2025. Core Net Flows: Increased to over GBP5 billion. Earnings Per Share (EPS): Rose 13% to 10.6p. Dividend: Proposed at 5.9p, a 13% increase. Revenue Growth: 7% increase in 2024. Revenue Margin: 44 basis points, in line with guidance. Cost Management: Costs increased by 3% to GBP474 million. High Net Worth Profit: Increased 17% to GBP48 million. Affluent Profit: Increased 19% to GBP148 million. Solvency Ratio: Maintained strong solvency and cash position. Final Dividend: 4.2p per share, total for the year 5.9p. Warning! GuruFocus has detected 5 Warning Signs with QUILF. Release Date: March 05, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Adjusted profit increased by 17% to GBP196 million, reflecting robust cost management and higher revenues. Operating margin improved to 29%, surpassing the 25% target for 2025 and aligning with the 30% medium-term goal. Core net flows rose significantly to over GBP5 billion, indicating strong flow momentum. Earnings per share increased by 13% to 10.6p, with a proposed dividend increase of 13% to 5.9p. Quilter PLC (QUILF) achieved a 46% increase in adjusted profit before tax over the last two years, demonstrating strong financial performance. A provision of GBP76 million was recognized for potential client remediation related to the ongoing advice review. The Cirilium Active range experienced outflows, impacting the revenue margin on managed assets. High net worth net inflows were at 2%, below the desired mid-single-digit level. The ongoing advice review and potential client remediation could impact future financials. Interest rate benefits on client cash are expected to diminish, potentially reducing platform margins by around 1 basis point annually. Q: Regarding the GBP80 million upstream, should it be considered as offsetting the advice provision? Also, what is the expected growth in adviser headcount from the academy? A: (Steven Levin, CEO) Yes, around two-thirds of the academy participants are expected to become RFPs, contributing to adviser headcount growth. (Mark Satchel, CFO) The upstreaming can be seen as offsetting the provision, although ideally, we would retain the upstreaming without the need for a provision. Debt reduction is a medium-term consideration due to the high premium required for early exit. Q: What percentage of clients were assessed for potential redress in the ongoing advice provision? How is the pipeline for new advisers outside the academy? A: (Steven Levin, CEO) We are confident in the provision set aside for the ongoing advice review. We have a strong pipeline for adviser recruitment, and our retirement program allows for efficient client transitions, maintaining productivity even if adviser numbers fluctuate. Q: Can you elaborate on the 4% to 5% net flow target and the potential for market share growth in the platform space? A: (Steven Levin, CEO) The 4% to 5% target is a through-the-cycle figure. We achieved 7% in Q4 2024, indicating potential for higher performance in strong markets. We believe there is still room for market share growth, although the pace may slow. The platform market is expected to grow, benefiting from increased investments over savings. Q: How do you view the potential for further operating margin improvements across your divisions? A: (Mark Satchel, CFO) We see potential for margin improvements in both high net worth and affluent segments, with the latter having greater capacity for expansion due to its operating leverage. The affluent segment, particularly the platform and fund management business, offers significant opportunities for margin growth. Q: What is Quilter's stance on the FCA's upcoming review of MPS and the potential impact on your business? A: (Steven Levin, CEO) We welcome the FCA's review of MPS, as it is crucial for ensuring robust standards in a growing market. Quilter is well-prepared with a strong team and risk management functions. The review aligns with our commitment to maintaining high standards in our MPS offerings. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
