AJ Bell (LON:AJB) Trading 1.1% Higher – Here’s Why

AJ Bell plc (LON:AJB)’s share price traded up 1.1% during mid-day trading on Wednesday . The company traded as high as GBX 501 ($6.79) and last traded at GBX 500 ($6.78). 592,088 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 1,858,665 shares. The stock had previously closed at GBX 494.40 ($6.70).

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “buy” rating on shares of AJ Bell in a report on Thursday, April 24th.

AJ Bell Stock Up 1.1%

The firm’s 50-day moving average price is GBX 434.98 and its 200 day moving average price is GBX 439.79. The firm has a market capitalization of £2.06 billion, a price-to-earnings ratio of 25.57, a price-to-earnings-growth ratio of 5.73 and a beta of 0.99. The company has a debt-to-equity ratio of 6.46, a current ratio of 3.63 and a quick ratio of 7.16.

AJ Bell Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, April 17th. Stockholders of record on Thursday, April 10th were given a GBX 11.40 ($0.15) dividend. The ex-dividend date of this dividend was Thursday, April 10th. This is a positive change from AJ Bell’s previous dividend of $8.25. This represents a dividend yield of 4.11%. AJ Bell’s dividend payout ratio is currently 61.37%.

Insider Activity

In related news, insider Leslie Michael Platts sold 9,494 shares of the firm’s stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of GBX 419 ($5.68), for a total transaction of £39,779.86 ($53,909.55). Company insiders own 29.60% of the company’s stock.

AJ Bell Company Profile

Established in 1995, AJ Bell is one of the largest investment platforms in the UK, operating at scale in both the advised and direct-to-consumer markets.

Our purpose is to help people invest by providing them with easy access to Pensions, ISAs and General investment accounts, great customer service and competitive charges.

Our two core platform propositions are AJ Bell in the D2C market and AJ Bell Investcentre in the advised market, which both provide access to a broad investment range including shares and other instruments traded on the major stock exchanges around the world, as well as all mainstream collective investments available in the UK and our own range of AJ Bell funds.