AJ Bell (LON:AJB) Reaches New 1-Year High at $350.00

AJ Bell plc (LON:AJB)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 350 ($4.40) and last traded at GBX 339.66 ($4.27), with a volume of 70764 shares traded. The stock had previously closed at GBX 336 ($4.22).

Wall Street Analyst Weigh In

AJB has been the subject of a number of research reports. Berenberg Bank reiterated a “hold” rating and issued a GBX 370 ($4.65) price objective on shares of AJ Bell in a research note on Friday, April 19th. Jefferies Financial Group downgraded shares of AJ Bell to a “hold” rating and set a GBX 361 ($4.54) price target for the company. in a research report on Friday, May 3rd. Finally, Shore Capital reissued a “buy” rating on shares of AJ Bell in a research report on Thursday, April 18th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, AJ Bell has a consensus rating of “Hold” and a consensus price target of GBX 390.25 ($4.90).

AJ Bell Price Performance

The company has a debt-to-equity ratio of 7.47, a current ratio of 3.71 and a quick ratio of 7.16. The company has a 50 day moving average price of GBX 307.47 and a 200 day moving average price of GBX 299.40. The firm has a market cap of £1.45 billion, a PE ratio of 2,064.71, a PEG ratio of 5.73 and a beta of 0.90.

AJ Bell Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, February 9th. Shareholders of record on Thursday, January 11th were given a dividend of GBX 7.25 ($0.09) per share. The ex-dividend date of this dividend was Thursday, January 11th. This represents a yield of 2.81%. This is an increase from AJ Bell’s previous dividend of $3.50. AJ Bell’s dividend payout ratio is presently 6,470.59%.

Insider Buying and Selling

In other AJ Bell news, insider Simon Turner sold 27,267 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of GBX 308 ($3.87), for a total transaction of £83,982.36 ($105,505.48). 33.22% of the stock is currently owned by corporate insiders.

AJ Bell Company Profile

AJ Bell plc, through its subsidiaries, operates investment platforms in the United Kingdom. The company offers AJ Bell Investcentre, which offers advisers and clients service, easy-to-use functionality, and a comprehensive investment range at competitive prices; and AJ Bell, an investment platform. It also provides Touch by AJ Bell, an investment platform which help advisers to streamline their businesses with investment solutions delivered and managed digitally on their clients' smartphones; and Dodl by AJ Bell, an investment app.