Berenberg Bank restated their hold rating on shares of AJ Bell (LON:AJB – Free Report) in a research report report published on Friday morning, LSE.Co.UK reports. Berenberg Bank currently has a GBX 370 ($4.61) price objective on the stock.
Separately, Shore Capital reaffirmed a buy rating on shares of AJ Bell in a research report on Thursday.
Check Out Our Latest Stock Report on AJB
AJ Bell Price Performance
AJ Bell Increases Dividend
The firm also recently declared a dividend, which was paid on Friday, February 9th. Shareholders of record on Thursday, January 11th were paid a GBX 7.25 ($0.09) dividend. This is an increase from AJ Bell’s previous dividend of $3.50. The ex-dividend date was Thursday, January 11th. This represents a dividend yield of 2.81%. AJ Bell’s payout ratio is 6,470.59%.
Insiders Place Their Bets
In other AJ Bell news, insider Simon Turner sold 27,267 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of GBX 308 ($3.83), for a total value of £83,982.36 ($104,546.69). In related news, insider Simon Turner sold 27,267 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of GBX 308 ($3.83), for a total transaction of £83,982.36 ($104,546.69). Also, insider Peter Birch sold 17,000 shares of the business’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of GBX 327 ($4.07), for a total transaction of £55,590 ($69,202.04). Insiders own 33.23% of the company’s stock.
About AJ Bell
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.
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