AJ Bell (LON:AJB) Rating Lowered to Sell at Citigroup

Citigroup downgraded shares of AJ Bell (LON:AJB) to a sell rating in a research note published on Tuesday, MarketBeat Ratings reports. They currently have GBX 390 ($4.80) price objective on the stock, down from their prior price objective of GBX 450 ($5.54).

Other research analysts have also issued research reports about the company. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 565 ($6.95) target price on shares of AJ Bell in a report on Friday, December 6th. Shore Capital reaffirmed a “hold” rating on shares of AJ Bell in a research note on Friday, December 6th.

AJ Bell Price Performance

AJ Bell stock opened at GBX 419.50 ($5.16) on Tuesday. The firm has a market capitalization of £1.73 billion, a P/E ratio of 2,097.50, a PEG ratio of 5.73 and a beta of 0.99. AJ Bell has a one year low of GBX 280.60 ($3.45) and a one year high of GBX 529 ($6.51). 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 business has a fifty day moving average price of GBX 458.95 and a 200-day moving average price of GBX 443.

AJ Bell Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, February 7th. Shareholders of record on Thursday, January 9th will be paid a GBX 8.25 ($0.10) dividend. This is a positive change from AJ Bell’s previous dividend of $4.25. This represents a yield of 1.66%. The ex-dividend date of this dividend is Thursday, January 9th. AJ Bell’s dividend payout ratio is currently 6,000.00%.

Insider Activity

In other AJ Bell news, insider Peter Birch sold 25,853 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of GBX 459 ($5.65), for a total transaction of £118,665.27 ($146,013.62). Corporate 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.