AJ Bell (AJB)

Sector:

Financials

Index:

FTSE 250

 302.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 477.00
  • 52 Week Low: 246.00
  • Currency: UK Pounds
  • Shares Issued: 407.34m
  • Volume: 0
  • Market Cap: £1,232.19m

AJ Bell sees decent growth in first quarter

By Josh White

Date: Wednesday 22 Jan 2020

LONDON (ShareCast) - (Sharecast News) - Stockbroking services and investment platform provider AJ Bell updated the market on its first quarter of trading on Wednesday, reporting a 4% increase in total customer numbers to 241,152, with total assets under administration up 5% to £54.7bn.
The FTSE 250 company said its growth during the three months ended 31 December was driven by the platform business, with platform customer numbers up by 9,033 to 227,202, or 4% in the quarter.

Platform assets under administration, meanwhile, rose 5% to £47.2bn, with advised platform assets under administration ahead 4% at £35.2bn, and direct-to-consumer (D2C) platform assets up 8% to £12bn.

Underlying platform inflows, representing organic growth in the quarter, were up to £1.3bn from £1.2bn year-on-year.

"Our investment platform continues to attract new customers and assets as we maintain our focus on being the easiest platform to use in order to help our customers to invest," said chief executive officer Andy Bell.

"December saw the unlocking of the parliamentary deadlock, which boosted markets towards the end of the period."

That, combined with positive net inflows onto the platform, helped the platform assets under administration increase to a new high of £47.2bn, Bell said, which was up 27% compared to a year ago.

"While Brexit is by no means resolved, a majority government does at least provide some clearer direction which many investors will appreciate as they consider making the most of their ISA and pension allowances before the end of the tax year."

At 0813 GMT, shares in AJ Bell were down 1.11% at 400p.

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AJ Bell Market Data

Currency UK Pounds
Share Price 302.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 477.00
52 Week Low 246.00
Volume 0
Shares Issued 407.34m
Market Cap £1,232.19m

AJ Bell Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
85.41% below the market average85.41% below the market average85.41% below the market average85.41% below the market average85.41% below the market average
83.08% below the sector average83.08% below the sector average83.08% below the sector average83.08% below the sector average83.08% below the sector average
Price Trend
37.87% above the market average37.87% above the market average37.87% above the market average37.87% above the market average37.87% above the market average
49.32% above the sector average49.32% above the sector average49.32% above the sector average49.32% above the sector average49.32% above the sector average
Income
46.08% below the market average46.08% below the market average46.08% below the market average46.08% below the market average46.08% below the market average
49.37% below the sector average49.37% below the sector average49.37% below the sector average49.37% below the sector average49.37% below the sector average
Growth
35.80% above the market average35.80% above the market average35.80% above the market average35.80% above the market average35.80% above the market average
48.72% above the sector average48.72% above the sector average48.72% above the sector average48.72% above the sector average48.72% above the sector average

AJ Bell Dividends

  Latest Previous
  Final Interim
Ex-Div 09-Jan-20 06-Jun-19
Paid 31-Jan-20 28-Jun-19
Amount 3.33p 1.50p

Trades for --2020

Time Volume / Share Price
0 @ 0.000p

AJ Bell Key Personnel

CEO Andrew James Bell
CFO Michael Thomas Summersgill

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