AJ Bell (AJB)

Sector:

Financials

Index:

FTSE 250

509.50p
   
  • Change Today:
    -3.50p
  • 52 Week High: 538.50p
  • 52 Week Low: 363.00p
  • Currency: UK Pounds
  • Shares Issued: 405.56m
  • Volume: 744,514
  • Market Cap: £2,066.35m

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 509.50p
Change Today -3.50p
% Change -0.68 %
52 Week High 538.50p
52 Week Low 363.00p
Volume 744,514
Shares Issued 405.56m
Market Cap £2,066.35m

AJ Bell Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
88.3% below the market average88.3% below the market average88.3% below the market average88.3% below the market average88.3% below the market average
81.63% below the sector average81.63% below the sector average81.63% below the sector average81.63% below the sector average81.63% below the sector average
Price Trend
76.04% above the market average76.04% above the market average76.04% above the market average76.04% above the market average76.04% above the market average
62.38% above the sector average62.38% above the sector average62.38% above the sector average62.38% above the sector average62.38% above the sector average
Income
17.6% below the market average17.6% below the market average17.6% below the market average17.6% below the market average17.6% below the market average
48.28% below the sector average48.28% below the sector average48.28% below the sector average48.28% below the sector average48.28% below the sector average
Growth
86.37% above the market average86.37% above the market average86.37% above the market average86.37% above the market average86.37% above the market average
84.95% above the sector average84.95% above the sector average84.95% above the sector average84.95% above the sector average84.95% above the sector average

AJ Bell Dividends

  Latest Previous
  Interim Final
Ex-Div 05-Jun-25 09-Jan-25
Paid 27-Jun-25 07-Feb-25
Amount 4.50p 8.25p

Trades for 29-Aug-2025

Time Volume / Share Price
16:35 149,558 @ 509.50p
16:35 772 @ 509.50p
16:35 1,438 @ 509.50p
16:35 692 @ 509.50p
16:35 1,461 @ 509.50p

AJ Bell Key Personnel

CEO Michael Thomas Summersgill
CFO Peter Birch

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