AJ Bell (AJB)

Sector:

Financials

Index:

FTSE 250

311.50p
   
  • Change Today:
      2.00p
  • 52 Week High: 332.60
  • 52 Week Low: 249.00
  • Currency: UK Pounds
  • Shares Issued: 413.01m
  • Volume: 811,716
  • Market Cap: £1,286.53m

Citi downgrades AJ Bell to 'neutral'

By Michele Maatouk

Date: Monday 30 Oct 2023

LONDON (ShareCast) - (Sharecast News) - Citi downgraded AJ Bell to 'neutral' from 'buy' on Monday, saying it was awaiting "a better entry point".

"We are constructive on AJ Bell's growth opportunity," it said. "Our AUA estimates are 1-3% above consensus, driven by higher net flows. Yet we have become increasingly concerned about margin risk."

It said the FCA's Consumer Duty regime has been more disruptive than expected, and that it expects growing pressure for UK platforms to pass on higher interest to their customers.

Citi said it had reviewed risks to cash margins in detail and concluded "that AJ Bell is among the most exposed".

It added that it prefers AJ Bell to sell-rated Hargreaves Lansdown.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

AJ Bell Market Data

Currency UK Pounds
Share Price 311.50p
Change Today 2.00p
% Change 0.65 %
52 Week High 332.60
52 Week Low 249.00
Volume 811,716
Shares Issued 413.01m
Market Cap £1,286.53m

AJ Bell Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
82.18% below the market average82.18% below the market average82.18% below the market average82.18% below the market average82.18% below the market average
79.44% below the sector average79.44% below the sector average79.44% below the sector average79.44% below the sector average79.44% below the sector average
Price Trend
51.66% above the market average51.66% above the market average51.66% above the market average51.66% above the market average51.66% above the market average
31.03% above the sector average31.03% above the sector average31.03% above the sector average31.03% above the sector average31.03% above the sector average
Income
1.38% above the market average1.38% above the market average1.38% above the market average1.38% above the market average1.38% above the market average
30.3% below the sector average30.3% below the sector average30.3% below the sector average30.3% below the sector average30.3% below the sector average
Growth
67.38% above the market average67.38% above the market average67.38% above the market average67.38% above the market average67.38% above the market average
74.07% above the sector average74.07% above the sector average74.07% above the sector average74.07% above the sector average74.07% above the sector average

AJ Bell Dividends

  Latest Previous
  Final Interim
Ex-Div 11-Jan-24 08-Jun-23
Paid 09-Feb-24 30-Jun-23
Amount 7.25p 3.50p

Trades for 26-Apr-2024

Time Volume / Share Price
16:39 15,000 @ 310.62p
16:35 233,429 @ 311.50p
16:35 2,362 @ 311.50p
16:35 3,938 @ 311.50p
16:35 1,101 @ 311.50p

AJ Bell Key Personnel

CEO Michael Thomas Summersgill
CFO Peter Birch

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