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.

Insider Buying and Selling by Quarter for Close Brothers Group plc (LON:CBG)

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