An announcement from AJ BELL PLC ( (GB:AJB) ) is now available.
AJ Bell PLC has executed a share buyback program, purchasing 65,553 of its ordinary shares at an average price of 419.30 pence per share. This move, part of a £30 million buyback initiative, will see the purchased shares canceled, reducing the total number of shares in circulation to 408,654,970. This action is likely to enhance shareholder value by reducing the number of shares outstanding, thereby potentially increasing earnings per share and improving market perception.
More about AJ BELL PLC
AJ Bell PLC operates in the financial services industry, focusing on investment platforms and stockbroking services. The company provides a range of products and services aimed at helping customers manage their investments and pensions efficiently.
YTD Price Performance: -5.55%
Average Trading Volume: 914,659
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £1.7B
Learn more about AJB stock on TipRanks’ Stock Analysis page.