AJ Bell plc (LON:AJB) Declares GBX 3.50 Dividend

AJ Bell plc (LON:AJB – Get Rating) declared a dividend on Thursday, May 25th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, June 8th will be given a dividend of GBX 3.50 ($0.04) per share on Friday, June 30th. This represents a yield of 1.12%. The ex-dividend date is Thursday, June 8th. The official announcement can be viewed at this link.

AJ Bell Stock Up 1.1 %

AJB stock opened at GBX 319.40 ($3.97) on Friday. The firm has a market capitalization of £1.32 billion, a PE ratio of 2,631.67, a P/E/G ratio of 5.73 and a beta of 0.92. The company has a quick ratio of 7.16, a current ratio of 7.55 and a debt-to-equity ratio of 10.47. AJ Bell has a twelve month low of GBX 243.80 ($3.03) and a twelve month high of GBX 404.07 ($5.03). The stock’s 50 day moving average is GBX 331.02 and its 200-day moving average is GBX 343.31.

Wall Street Analysts Forecast Growth

AJB has been the topic of a number of analyst reports. Barclays reaffirmed an “underweight” rating and set a GBX 310 ($3.86) price objective on shares of AJ Bell in a report on Friday, April 21st. Berenberg Bank upped their price objective on shares of AJ Bell from GBX 300 ($3.73) to GBX 370 ($4.60) and gave the stock a “hold” rating in a research report on Friday, April 28th. Finally, Shore Capital reissued a “buy” rating on shares of AJ Bell in a research report on Thursday, April 20th.

Insider Transactions at AJ Bell

In related news, insider Michael Thomas Summersgill sold 4,860 shares of AJ Bell stock in a transaction dated Thursday, April 6th. The stock was sold at an average price of GBX 329 ($4.09), for a total value of £15,989.40 ($19,887.31). 34.10% of the stock is currently owned by company insiders.

AJ Bell Company Profile

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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, an investment platform proposition that include investment solutions through in-house funds, ready-made portfolios, and guidance through the AJ Bell funds list to execution-only retail customers, as well as cash savings solutions.