AJ Bell plc (LON:AJB – Get Free Report)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as GBX 434.50 ($5.62) and last traded at GBX 432.85 ($5.60), with a volume of 6934 shares trading hands. The stock had previously closed at GBX 433 ($5.60).
Wall Street Analyst Weigh In
Several research analysts recently issued reports on the stock. Jefferies Financial Group cut shares of AJ Bell to a “hold” rating and set a GBX 361 ($4.67) price target for the company. in a report on Friday, May 3rd. Shore Capital restated a “buy” rating on shares of AJ Bell in a report on Thursday, May 23rd. Finally, Berenberg Bank raised their price objective on AJ Bell from GBX 370 ($4.79) to GBX 410 ($5.30) and gave the company a “hold” rating in a research note on Thursday, July 18th.
Check Out Our Latest Stock Report on AJB
AJ Bell Stock Performance
AJ Bell Cuts Dividend
The company also recently declared a dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 6th were paid a dividend of GBX 4.25 ($0.05) per share. The ex-dividend date of this dividend was Thursday, June 6th. This represents a dividend yield of 1.17%. AJ Bell’s dividend payout ratio is currently 6,000.00%.
Insider Activity at AJ Bell
In other AJ Bell news, insider Michael Thomas Summersgill sold 119,000 shares of the stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of GBX 393 ($5.08), for a total transaction of £467,670 ($604,849.97). In other AJ Bell news, insider Peter Birch sold 6,500 shares of the firm’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of GBX 387 ($5.01), for a total value of £25,155 ($32,533.63). Also, insider Michael Thomas Summersgill sold 119,000 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of GBX 393 ($5.08), for a total transaction of £467,670 ($604,849.97). Over the last 90 days, insiders have bought 120 shares of company stock valued at $44,865. Company insiders own 30.58% of the company’s stock.
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.
Read More
- Five stocks we like better than AJ Bell
- Utilities Stocks Explained – How and Why to Invest in Utilities
- Food Processing Company Stock Gets Fried by Recall: Time to Buy
- Canadian Penny Stocks: Can They Make You Rich?
- Entertainment Stock Offers A Rare and Tempting Entry Opportunity
- What is the S&P 500 and How It is Distinct from Other Indexes
- Will China’s Interest Rate Cuts Ignite a Rally for This Stock?
Receive News & Ratings for AJ Bell Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AJ Bell and related companies with MarketBeat.com's FREE daily email newsletter.