AJ Bell posts record customer growth and inflows despite market volatility

AJ BELL PLC ( (GB:AJB) ) has issued an update.

AJ Bell reported another quarter of rapid expansion across its dual-channel platform business, with total customers rising by a record 50,000 to 723,000 and assets under administration reaching £108.7 billion, up 20% year-on-year despite a 2% drag from market volatility. Direct-to-consumer customers led the charge, growing 9% in the quarter to 534,000 and delivering record net inflows, while the advised platform also saw record-equalling gross inflows, partly offset by expected outflows linked to adviser consolidation.

The group generated record quarterly platform gross inflows of £5.6 billion and net inflows of £2.7 billion, up 40% and 42% respectively on the prior year, and lifted assets under management to £9.8 billion, a 31% increase over 12 months. Management highlighted that increased investment in brand and propositions is already paying off in stronger customer acquisition and transfer activity, and argued that AJ Bell’s digital-first, scalable model and strong service metrics leave it well placed to capture structural growth opportunities in the UK platform market despite ongoing market volatility.

The most recent analyst rating on (GB:AJB) stock is a Hold with a £500.00 price target. To see the full list of analyst forecasts on AJ BELL PLC stock, see the GB:AJB Stock Forecast page.

Spark’s Take on AJB Stock

According to Spark, TipRanks’ AI Analyst, AJB is a Neutral.

AJ Bell PLC’s strong financial performance is the most significant factor, highlighting robust growth and profitability. However, technical analysis indicates bearish momentum, which negatively impacts the overall score. The valuation is fair but not compelling enough to offset the technical weaknesses.

To see Spark’s full report on AJB stock, click here.

More about AJ BELL PLC

AJ Bell is one of the UK’s largest investment platforms, serving both the advised and direct-to-consumer markets. Founded in 1995, it offers digital-first access to pensions, ISAs and general investment accounts, alongside low-cost investment solutions including global shares and its own range of funds and managed portfolios.

In the advised space it operates the AJ Bell Investcentre full-service platform, the AJ Bell Touch app-based proposition and AJ Bell Custody Solutions for white-label custody and administration. The group focuses on scalable, low-cost, service-led propositions aimed at capturing structural growth in the UK retail investment and platform market.

Average Trading Volume: 1,440,466

Technical Sentiment Signal: Buy

Current Market Cap: £2.18B

For a thorough assessment of AJB stock, go to TipRanks’ Stock Analysis page.