AJ Bell plc (LON:AJB) Declares Dividend Increase – GBX 8.25 Per Share

AJ Bell plc (LON:AJB) declared a dividend on Friday, December 5th,Upcoming Dividends.Co.Uk reports. Shareholders of record on Thursday, January 9th will be given a dividend of GBX 8.25 ($0.10) per share on Friday, February 7th. This represents a yield of 1.66%. The ex-dividend date of this dividend is Thursday, January 9th. This is an increase from AJ Bell’s previous dividend of $4.25. The official announcement can be viewed at this link.

AJ Bell Stock Down 5.1 %

Shares of LON AJB opened at GBX 429 ($5.37) on Tuesday. The company has a market capitalization of £1.77 billion, a P/E ratio of 2,145.00, a P/E/G ratio of 5.73 and a beta of 0.99. The company has a debt-to-equity ratio of 6.44, a current ratio of 3.75 and a quick ratio of 7.16. The company has a 50 day simple moving average of GBX 460.90 and a 200-day simple moving average of GBX 443.09. AJ Bell has a 1 year low of GBX 280.60 ($3.51) and a 1 year high of GBX 529 ($6.62).

Insider Buying and Selling

In related news, insider Peter Birch sold 25,853 shares of AJ Bell stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of GBX 459 ($5.74), for a total value of £118,665.27 ($148,461.49). 29.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on AJB. Shore Capital reiterated a “hold” rating on shares of AJ Bell in a report on Friday, December 6th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 565 ($7.07) target price on shares of AJ Bell in a research note on Friday, December 6th.

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.