AJ Bell (LON:AJB) Reaches New 52-Week High at $350.00

AJ Bell plc (LON:AJB - Get Free Report)'s share price hit a new 52-week high on Tuesday . The company traded as high as GBX 350 ($4.40) and last traded at GBX 339.66 ($4.27), with a volume of 70764 shares changing hands. The stock had previously closed at GBX 336 ($4.22).

Analyst Ratings Changes

A number of brokerages have recently weighed in on AJB. Jefferies Financial Group lowered AJ Bell to a "hold" rating and set a GBX 361 ($4.54) price objective for the company. in a research report on Friday. Shore Capital reaffirmed a "buy" rating on shares of AJ Bell in a report on Thursday, April 18th. Finally, Berenberg Bank reaffirmed a "hold" rating and issued a GBX 370 ($4.65) price target on shares of AJ Bell in a report on Friday, April 19th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of GBX 390.25 ($4.90).

AJ Bell Trading Up 2.5 %

The company has a debt-to-equity ratio of 7.47, a quick ratio of 7.16 and a current ratio of 3.71. The stock's fifty day moving average is GBX 305.96 and its 200 day moving average is GBX 298.46. The stock has a market cap of £1.42 billion, a P/E ratio of 2,006.65, a P/E/G ratio of 5.73 and a beta of 0.90.

AJ Bell Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, February 9th. Shareholders of record on Thursday, January 11th were given a dividend of GBX 7.25 ($0.09) per share. This represents a dividend yield of 2.81%. The ex-dividend date of this dividend was Thursday, January 11th. This is a positive change from AJ Bell's previous dividend of $3.50. AJ Bell's payout ratio is 6,470.59%.

Insider Buying and Selling at AJ Bell

In other AJ Bell news, insider Simon Turner sold 27,267 shares of the business's stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of GBX 308 ($3.87), for a total transaction of £83,982.36 ($105,505.48). In other AJ Bell news, insider Simon Turner sold 27,267 shares of the business's stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of GBX 308 ($3.87), for a total transaction of £83,982.36 ($105,505.48). Also, insider Peter Birch sold 17,000 shares of the business's stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of GBX 327 ($4.11), for a total value of £55,590 ($69,836.68). Company insiders own 33.22% 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.