AJ Bell (LON:AJB) Shares Up 1.1%

AJ Bell plc (LON:AJB)’s share price shot up 1.1% during trading on Wednesday . The company traded as high as GBX 412.60 ($5.39) and last traded at GBX 408 ($5.33). 508,945 shares were traded during trading, a decline of 19% from the average session volume of 626,653 shares. The stock had previously closed at GBX 403.40 ($5.27).

A number of brokerages have commented on AJB. Royal Bank of Canada reissued a “sector perform” rating and set a GBX 435 ($5.68) target price on shares of AJ Bell in a report on Saturday, May 29th. Berenberg Bank upped their price target on AJ Bell from GBX 400 ($5.23) to GBX 420 ($5.49) and gave the company a “hold” rating in a research report on Friday, April 23rd. Finally, Barclays upped their price target on AJ Bell from GBX 350 ($4.57) to GBX 360 ($4.70) and gave the company an “underweight” rating in a research report on Friday, May 28th. Three equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company. The company presently has an average rating of “Sell” and an average target price of GBX 376.25 ($4.92).

The company has a quick ratio of 7.64, a current ratio of 7.64 and a debt-to-equity ratio of 13.31. The company’s 50-day moving average is GBX 425.16. The company has a market cap of £1.67 billion and a price-to-earnings ratio of 35.79.

The firm also recently disclosed a dividend, which was paid on Friday, July 2nd. Investors of record on Thursday, June 10th were given a GBX 2.46 ($0.03) dividend. The ex-dividend date was Thursday, June 10th. This represents a yield of 0.57%. AJ Bell’s payout ratio is 0.54%.

In other AJ Bell news, insider Andrew James Bell acquired 3,738 shares of the stock in a transaction that occurred on Monday, June 7th. The stock was bought at an average cost of GBX 448 ($5.85) per share, for a total transaction of £16,746.24 ($21,879.07). Also, insider Simon Turner sold 3,250 shares of the stock in a transaction that occurred on Tuesday, June 1st. The stock was sold at an average price of GBX 428 ($5.59), for a total value of £13,910 ($18,173.50).

About AJ Bell (LON:AJB)

AJ Bell plc, through its subsidiaries, operates investment platforms in the United Kingdom. The company offers AJ Bell Investcentre, which provides a suite of products, services, investment solutions, and online tools for regulated financial advisers and wealth managers to help them manage retail customers' portfolio; and AJ Bell Youinvest that includes the provision of proprietary investment content and investment solutions through in-house funds, ready-made portfolios, and selected funds for execution-only retail customers.

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