AJ Bell plc (LON:AJB) Declares Dividend of GBX 4.25

AJ Bell plc (LON:AJB) announced a dividend on Thursday, May 23rd, Upcoming.Co.Uk reports. Stockholders of record on Thursday, June 6th will be given a dividend of GBX 4.25 ($0.05) per share on Friday, June 28th. This represents a dividend yield of 1.17%. The ex-dividend date is Thursday, June 6th. The official announcement can be seen at this link.

AJ Bell Price Performance

AJB opened at GBX 384.50 ($4.89) on Friday. The firm has a market cap of £1.58 billion, a P/E ratio of 2,261.76, a PEG ratio of 5.73 and a beta of 0.88. The company has a debt-to-equity ratio of 7.47, a quick ratio of 7.16 and a current ratio of 3.71. AJ Bell has a fifty-two week low of GBX 241.60 ($3.07) and a fifty-two week high of GBX 414.50 ($5.27). The firm has a 50-day moving average of GBX 321.56 and a 200 day moving average of GBX 307.54.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AJB. Jefferies Financial Group lowered shares of AJ Bell to a “hold” rating and set a GBX 361 ($4.59) price target for the company. in a research note on Friday, May 3rd. Shore Capital reissued a “buy” rating on shares of AJ Bell in a research report on Thursday. Finally, Berenberg Bank reaffirmed a “hold” rating and set a GBX 370 ($4.70) price target on shares of AJ Bell in a research report on Friday, April 19th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, AJ Bell currently has an average rating of “Hold” and a consensus target price of GBX 390.25 ($4.96).

Insider Activity at AJ Bell

In related news, insider Simon Turner sold 27,267 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of GBX 308 ($3.91), for a total transaction of £83,982.36 ($106,739.15). 32.71% of the stock is currently owned by corporate 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.