AJ Bell PLC (LON:AJB) Insider Sells £2,243,200 in Stock

AJ Bell PLC (LON:AJB) insider Michael Thomas Summersgill sold 5,000 shares of the firm’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of £448.64 ($590.16), for a total value of £2,243,200 ($2,950,802.42).

LON:AJB traded down GBX 57 ($0.75) during mid-day trading on Friday, hitting GBX 389 ($5.12). 35,970,547 shares of the stock traded hands. The company has a market cap of $1.59 billion and a PE ratio of 51.87. The business’s 50-day moving average price is GBX 356.23 and its 200 day moving average price is GBX 376.26. The company has a quick ratio of 6.25, a current ratio of 6.48 and a debt-to-equity ratio of 0.67. AJ Bell PLC has a 12-month low of GBX 229 ($3.01) and a 12-month high of GBX 464 ($6.10).

AJ Bell (LON:AJB) last issued its earnings results on Thursday, May 21st. The company reported GBX 4.38 ($0.06) earnings per share for the quarter.

The business also recently disclosed a dividend, which will be paid on Friday, June 26th. Stockholders of record on Thursday, June 4th will be paid a dividend of GBX 1.50 ($0.02) per share. This represents a dividend yield of 0.33%. The ex-dividend date of this dividend is Thursday, June 4th. AJ Bell’s dividend payout ratio (DPR) is presently 93.33%.

A number of research firms recently commented on AJB. Berenberg Bank cut shares of AJ Bell to a “sell” rating and lowered their price target for the stock from GBX 370 ($4.87) to GBX 280 ($3.68) in a report on Thursday, March 12th. Liberum Capital reissued a “sell” rating on shares of AJ Bell in a report on Thursday.

About AJ Bell

AJ Bell PLC, through its subsidiaries, operates retail investment platforms in the United Kingdom. Its platforms offer investment administration, dealing, and custody services to regulated financial advisers and wealth managers. The company administers investments in SIPPs, ISAs, LISAs, and general investment/dealing accounts.

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