AJ Bell (LON:AJB) Stock Price Down 1.7% - Should You Sell?

Shares of AJ Bell plc (LON:AJB - Get Free Report) dropped 1.7% on Thursday . The stock traded as low as GBX 400 ($5.17) and last traded at GBX 413.50 ($5.35). Approximately 21,694,963 shares were traded during mid-day trading, an increase of 689% from the average daily volume of 2,749,159 shares. The stock had previously closed at GBX 420.50 ($5.44).

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AJB. Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 565 ($7.31) 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 report on Friday, December 6th. Finally, Citigroup lowered AJ Bell to a "sell" rating and lowered their price target for the stock from GBX 450 ($5.82) to GBX 390 ($5.04) in a report on Tuesday, January 7th.

AJ Bell Trading Down 3.1 %

The stock has a market capitalization of £1.66 billion, a PE ratio of 20.56, a price-to-earnings-growth ratio of 5.73 and a beta of 0.99. The company has a debt-to-equity ratio of 6.46, a quick ratio of 7.16 and a current ratio of 3.63. The business's 50-day moving average is GBX 430.42 and its two-hundred day moving average is GBX 446.13.

AJ Bell Increases Dividend

The company also recently declared a dividend, which was paid on Friday, February 7th. Stockholders of record on Thursday, January 9th were paid a dividend of GBX 8.25 ($0.11) per share. This represents a dividend yield of 1.66%. This is a positive change from AJ Bell's previous dividend of $4.25. The ex-dividend date of this dividend was Thursday, January 9th. AJ Bell's payout ratio is 61.37%.

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Insider Activity at AJ Bell

In other AJ Bell news, insider Peter Birch acquired 557 shares of the business's stock in a transaction on Wednesday, March 5th. The stock was purchased at an average price of GBX 413 ($5.34) per share, for a total transaction of £2,300.41 ($2,974.41). 29.60% of the stock is owned by insiders.

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.