AJ Bell (AJB)

Sector:

Financials

Index:

FTSE 250

477.40p
   
  • Change Today:
      9.00p
  • 52 Week High: 496.50
  • 52 Week Low: 358.00
  • Currency: UK Pounds
  • Shares Issued: 406.69m
  • Volume: 1,131,345
  • Market Cap: £1,941.53m

Berenberg hikes target price on AJ Bell following Q3 earnings

By Iain Gilbert

Date: Friday 19 Jul 2024

LONDON (ShareCast) - (Sharecast News) - Analysts at Berenberg hiked their target price on financial services firm AJ Bell from 370.0p to 410.0p on Friday after the group's Q3 earnings on 18 July sent shares up roughly 6% on the day.
AJ Bell's Q3 earnings showed assets under administration grew, driven by both positive net flows and favourable market movements, as both the direct-to-consumer and advised channels had a solid quarter, in Berenberg's view, with customer numbers continuing to rise for both during the quarter.

Management also highlighted that the business enters Q4 with "strong momentum".

"While AJ Bell should continue to take market share and drive long-term earnings growth, we maintain our 'hold' rating given the current regulatory uncertainty about interest income earned by investment platforms on client balances," said Berenberg.

"We update our forecasts, leading to a circa 9-10% increase in FY24 and FY25 EPS. This is driven by an increase in AuA, given strong flows in Q3 and an increase in flow expectations in subsequent quarters, as well as factoring in margin and cost guidance from the H1 results."











Reporting by Iain Gilbert at Sharecast.com

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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 477.40p
Change Today 9.00p
% Change 1.92 %
52 Week High 496.50
52 Week Low 358.00
Volume 1,131,345
Shares Issued 406.69m
Market Cap £1,941.53m

AJ Bell Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
88.11% below the market average88.11% below the market average88.11% below the market average88.11% below the market average88.11% below the market average
80% below the sector average80% below the sector average80% below the sector average80% below the sector average80% below the sector average
Price Trend
75.33% above the market average75.33% above the market average75.33% above the market average75.33% above the market average75.33% above the market average
56.60% above the sector average56.60% above the sector average56.60% above the sector average56.60% above the sector average56.60% above the sector average
Income
10.35% below the market average10.35% below the market average10.35% below the market average10.35% below the market average10.35% below the market average
41.38% below the sector average41.38% below the sector average41.38% below the sector average41.38% below the sector average41.38% below the sector average
Growth
83.56% above the market average83.56% above the market average83.56% above the market average83.56% above the market average83.56% above the market average
82.61% above the sector average82.61% above the sector average82.61% above the sector average82.61% above the sector average82.61% above the sector average

AJ Bell Dividends

  Latest Previous
  Final Interim
Ex-Div 09-Jan-25 06-Jun-24
Paid 07-Feb-25 28-Jun-24
Amount 8.25p 4.25p

Trades for 16-May-2025

Time Volume / Share Price
16:35 149,482 @ 477.40p
16:35 115 @ 477.40p
16:35 216 @ 477.40p
16:35 66 @ 477.40p
16:35 234 @ 477.40p

AJ Bell Key Personnel

CEO Michael Thomas Summersgill
CFO Peter Birch

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