AJ Bell plc (LON:AJB) Insider Roger Stott Acquires 48 Shares of Stock

Posted by Defense World Staff on Jun 15th, 2023

AJ Bell plc (LON:AJB – Get Rating) insider Roger Stott acquired 48 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The stock was acquired at an average cost of GBX 317 ($3.97) per share, with a total value of £152.16 ($190.39).

Roger Stott also recently made the following trade(s):

On Thursday, May 11th, Roger Stott purchased 46 shares of AJ Bell stock. The stock was purchased at an average price of GBX 321 ($4.02) per share, with a total value of £147.66 ($184.76).

AJ Bell Price Performance

Shares of AJB opened at GBX 328.20 ($4.11) on Thursday. AJ Bell plc has a fifty-two week low of GBX 243.80 ($3.05) and a fifty-two week high of GBX 404.07 ($5.06). The firm has a market capitalization of £1.35 billion, a PE ratio of 2,344.29, a PEG ratio of 5.73 and a beta of 0.92. The company’s 50-day moving average is GBX 325.26 and its 200-day moving average is GBX 339.81. The company has a debt-to-equity ratio of 8.97, a current ratio of 4.48 and a quick ratio of 7.16.

AJ Bell Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 8th will be given a dividend of GBX 3.50 ($0.04) per share. The ex-dividend date is Thursday, June 8th. This represents a yield of 1.12%. AJ Bell’s dividend payout ratio is presently 5,714.29%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on AJB. Berenberg Bank increased their price target on shares of AJ Bell from GBX 300 ($3.75) to GBX 370 ($4.63) and gave the stock a “hold” rating in a research note on Friday, April 28th. Numis Securities raised their price objective on shares of AJ Bell from GBX 488 ($6.11) to GBX 490 ($6.13) and gave the stock a “buy” rating in a report on Thursday, May 25th. Shore Capital reiterated a “buy” rating on shares of AJ Bell in a research report on Monday. Finally, Barclays restated an “underweight” rating and issued a GBX 310 ($3.88) price objective on shares of AJ Bell in a research report on Friday, April 21st.

About AJ Bell

(Get Rating)

AJ Bell plc, through its subsidiaries, operates investment platforms in the United Kingdom. The company offers AJ Bell Investcentre, which provides a suite of products, services, investment solutions, and online tools for regulated financial advisers and wealth managers to help them manage retail customers' portfolio; and AJ Bell, an investment platform proposition that include investment solutions through in-house funds, ready-made portfolios, and guidance through the AJ Bell funds list to execution-only retail customers, as well as cash savings solutions.