AJ Bell (LON:AJB) Trading 0.8% Higher

AJ Bell plc (LON:AJB) shares rose 0.8% during mid-day trading on Tuesday . The company traded as high as GBX 304.60 ($3.85) and last traded at GBX 302.80 ($3.83). Approximately 628,755 shares traded hands during trading, a decline of 2% from the average daily volume of 639,896 shares. The stock had previously closed at GBX 300.40 ($3.80).

Analyst Ratings Changes

AJB has been the topic of a number of recent research reports. Berenberg Bank reissued a “hold” rating and set a GBX 370 ($4.68) price objective on shares of AJ Bell in a report on Tuesday, January 23rd. Shore Capital reissued a “buy” rating on shares of AJ Bell in a report on Thursday, January 25th.

AJ Bell Price Performance

The firm has a market capitalization of £1.25 billion, a P/E ratio of 1,778.82, a price-to-earnings-growth ratio of 5.73 and a beta of 0.93. The company has a debt-to-equity ratio of 7.47, a quick ratio of 7.16 and a current ratio of 3.71. The business has a 50 day simple moving average of GBX 310.30 and a two-hundred day simple moving average of GBX 292.83.

AJ Bell Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, February 9th. Shareholders of record on Thursday, January 11th were paid a GBX 7.25 ($0.09) dividend. This is a positive change from AJ Bell’s previous dividend of $3.50. This represents a yield of 2.81%. The ex-dividend date of this dividend was Thursday, January 11th. AJ Bell’s dividend payout ratio is currently 6,470.59%.

Insiders Place Their Bets

In other news, insider Peter Birch sold 6,500 shares of the stock in a transaction dated Friday, January 5th. The stock was sold at an average price of GBX 290 ($3.66), for a total transaction of £18,850 ($23,821.56). In other news, insider Peter Birch sold 6,500 shares of the stock in a transaction dated Friday, January 5th. The stock was sold at an average price of GBX 290 ($3.66), for a total transaction of £18,850 ($23,821.56). Also, insider Simon Turner sold 27,267 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of GBX 308 ($3.89), for a total value of £83,982.36 ($106,132.14). Insiders have sold 50,767 shares of company stock worth $15,842,236 in the last ninety days. 33.23% of the stock is currently owned by insiders.

About AJ Bell

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.