Berenberg Bank reissued their hold rating on shares of AJ Bell (LON:AJB – Free Report) in a report published on Friday, Marketbeat reports. The firm currently has a GBX 370 ($4.57) target price on the stock.
Separately, Shore Capital reaffirmed a buy rating on shares of AJ Bell in a research note on Thursday, April 18th.
View Our Latest Stock Analysis on AJB
AJ Bell Stock Up 0.8 %
AJ Bell Increases Dividend
The business also recently disclosed a dividend, which was paid on Friday, February 9th. Stockholders of record on Thursday, January 11th were issued a dividend of GBX 7.25 ($0.09) per share. This is a positive change from AJ Bell’s previous dividend of $3.50. This represents a dividend yield of 2.81%. The ex-dividend date was Thursday, January 11th. AJ Bell’s dividend payout ratio is presently 6,470.59%.
Insider Transactions at AJ Bell
In other news, 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 ($3.80), for a total transaction of £83,982.36 ($103,733.15). In related news, insider Peter Birch sold 17,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of GBX 327 ($4.04), for a total value of £55,590 ($68,663.54). Also, insider Simon Turner sold 27,267 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of GBX 308 ($3.80), for a total transaction of £83,982.36 ($103,733.15). Insiders own 33.23% of the company’s stock.
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.
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