AJ Bell (LON:AJB) Downgraded to “Sell” Rating by Citigroup

Citigroup downgraded shares of AJ Bell (LON:AJB) to a sell rating in a research note released on Tuesday morning, Marketbeat Ratings reports. They currently have GBX 390 ($4.87) target price on the stock, down from their previous target price of GBX 450 ($5.61).

Other analysts have also issued research reports about the stock. Shore Capital reaffirmed a “hold” rating on shares of AJ Bell in a research report on Friday, December 6th. Jefferies Financial Group reissued a “buy” rating and set a GBX 565 ($7.05) target price on shares of AJ Bell in a research note on Friday, December 6th.

AJ Bell Price Performance

Shares of AJB stock opened at GBX 421.50 ($5.26) on Tuesday. 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 market capitalization of £1.74 billion, a PE ratio of 2,107.50, a price-to-earnings-growth ratio of 5.73 and a beta of 0.99. The firm’s 50-day moving average is GBX 460.26 and its two-hundred day moving average is GBX 443.32. AJ Bell has a 12 month low of GBX 280.60 ($3.50) and a 12 month high of GBX 529 ($6.60).

AJ Bell Increases Dividend

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

Insider Activity

In other news, insider Peter Birch sold 25,853 shares of AJ Bell stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of GBX 459 ($5.73), for a total value of £118,665.27 ($148,035.52). Insiders own 29.60% of the company’s stock.

About AJ Bell

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.