Jefferies lifts AJ Bell valuation after assets hit record high

Maintains ‘Buy’ rating

Valeria Martinez
clock • 2 min read

Jefferies, which holds a ‘Buy’ rating on AJ Bell, has raised its valuation on the investment platform after it beat the broker’s assets under administration estimates.

In a fourth quarter trading statement on Thursday (18 January), the platform reported that its AUA had hit a record £76.2bn, following a 15% surge of net inflows into its platform business over 2023. Following the update, Jefferies equity analysts Julian Roberts, Tom Mills, Laura Gris Trillo and Fangfei Li have boosted AJ Bell's valuation by 3% to 390p and lifted the revenue forecasts for the company by 4% and 5% for the 2024 and 2025 financial year, respectively.  Consumer Duty risks drive Hargreaves Lansdown and AJ Bell 'Sell' rating from UBS In a letter to investment platform pr...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Companies

Citi becomes minority investor in HANetf

Citi becomes minority investor in HANetf

Growing interest in European ETFs

Patrick Brusnahan
clock 03 July 2025 • 2 min read
AstraZeneca CEO mulls moving listing to the US – reports

AstraZeneca CEO mulls moving listing to the US – reports

Latest blow to LSE

Linus Uhlig
clock 02 July 2025 • 1 min read
Evelyn Partners sells fund solutions business to focus on wealth management

Evelyn Partners sells fund solutions business to focus on wealth management

75 staff to move over to Thesis

Patrick Brusnahan
clock 01 July 2025 • 1 min read
Trustpilot