Insider Selling: Close Brothers Group plc (CBG) Insider Sells 17,363 Shares of Stock
Close Brothers Group plc (LON:CBG) insider Jonathan Howell sold 17,363 shares of the company’s stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of GBX 1,468 ($19.47), for a total value of £254,888.84 ($338,093.70).
Close Brothers Group plc (CBG) traded up 0.20% on Wednesday, reaching GBX 1475.00. 176,743 shares of the company’s stock traded hands. The firm’s market capitalization is GBX 2.20 billion. The stock has a 50-day moving average of GBX 1,519.58 and a 200 day moving average of GBX 1,556.65. Close Brothers Group plc has a 52 week low of GBX 1,222.00 and a 52 week high of GBX 1,715.00.
Close Brothers Group plc (LON:CBG) last issued its quarterly earnings data on Tuesday, September 26th. The company reported GBX 131.70 ($1.75) EPS for the quarter, topping analysts’ consensus estimates of GBX 130.10 ($1.73) by GBX 1.60 ($0.02). The firm had revenue of £765.60 million for the quarter. Close Brothers Group plc had a net margin of 23.84% and a return on equity of 17.25%. On average, equities analysts expect that Close Brothers Group plc will post $129.77 EPS for the current fiscal year.
The firm also recently announced a dividend, which will be paid on Tuesday, November 21st. Stockholders of record on Thursday, October 12th will be paid a dividend of GBX 40 ($0.53) per share. The ex-dividend date is Thursday, October 12th. This is an increase from Close Brothers Group plc’s previous dividend of $20.00. This represents a dividend yield of 2.71%.
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A number of research firms recently issued reports on CBG. Jefferies Group LLC reiterated a “hold” rating and issued a GBX 1,543 ($20.47) target price (up from GBX 1,506 ($19.98)) on shares of Close Brothers Group plc in a report on Thursday, September 28th. Liberum Capital boosted their target price on Close Brothers Group plc from GBX 1,400 ($18.57) to GBX 1,535 ($20.36) and gave the stock a “hold” rating in a research note on Friday, July 14th. Numis Securities Ltd downgraded Close Brothers Group plc to a “hold” rating and cut their price target for the stock from GBX 1,779 ($23.60) to GBX 1,557 ($20.65) in a report on Monday, July 3rd. Peel Hunt restated a “hold” rating and set a GBX 1,600 ($21.22) price target on shares of Close Brothers Group plc in a report on Friday, July 21st. Finally, J P Morgan Chase & Co increased their price target on Close Brothers Group plc from GBX 1,780 ($23.61) to GBX 1,800 ($23.88) and gave the company an “overweight” rating in a research report on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. Close Brothers Group plc currently has a consensus rating of “Hold” and an average price target of GBX 1,554.13 ($20.61).
Close Brothers Group plc Company Profile
Close Brothers Group plc is a merchant banking company. The Company provides lending, deposit taking, wealth management services and securities trading. The Company operates through three segments: Banking, Securities and Asset Management. The Banking segment provides lending to small businesses and individuals, with an emphasis on specialist finance.
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