Insider Selling: Close Brothers Group plc (LON:CBG) Insider Sells 19,710 Shares of Stock

Close Brothers Group plc (LON:CBG) insider Mike Morgan sold 19,710 shares of Close Brothers Group stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of GBX 1,344 ($17.56), for a total value of £264,902.40 ($346,141.91).

Shares of CBG stock traded up GBX 24 ($0.31) on Thursday, reaching GBX 1,280 ($16.73). 665,343 shares of the company’s stock traded hands, compared to its average volume of 422,969. Close Brothers Group plc has a 12-month low of GBX 1,209 ($15.80) and a 12-month high of GBX 1,614 ($21.09). The company has a market capitalization of $1.94 billion and a P/E ratio of 9.61. The business’s 50 day moving average price is GBX 1,334.02 and its two-hundred day moving average price is GBX 1,417.81.

The firm also recently declared a dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Thursday, October 10th will be issued a dividend of GBX 44 ($0.57) per share. This is an increase from Close Brothers Group’s previous dividend of $22.00. The ex-dividend date of this dividend is Thursday, October 10th. This represents a dividend yield of 3.25%. Close Brothers Group’s payout ratio is currently 0.50%.

A number of equities analysts recently issued reports on CBG shares. Jefferies Financial Group restated a “hold” rating on shares of Close Brothers Group in a report on Monday, September 16th. UBS Group restated a “neutral” rating and issued a GBX 1,435 ($18.75) target price (down from GBX 1,565 ($20.45)) on shares of Close Brothers Group in a report on Wednesday, September 25th. Berenberg Bank decreased their target price on Close Brothers Group from GBX 1,500 ($19.60) to GBX 1,460 ($19.08) and set a “hold” rating on the stock in a report on Friday, September 27th. JPMorgan Chase & Co. decreased their target price on Close Brothers Group from GBX 1,700 ($22.21) to GBX 1,650 ($21.56) and set an “overweight” rating on the stock in a report on Thursday, July 25th. Finally, Shore Capital restated a “hold” rating and issued a GBX 1,580 ($20.65) target price (down from GBX 1,610 ($21.04)) on shares of Close Brothers Group in a report on Tuesday, September 24th. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of GBX 1,529.22 ($19.98).

Close Brothers Group Company Profile

Close Brothers Group plc, a merchant banking company, provides financial services to small businesses and individuals in the United Kingdom. It operates through five segments: Commercial, Retail, Property, Securities, and Asset Management. The company offers various deposit products, including fixed term deposits and notice accounts.

Featured Story: Which market index is the best?

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

Receive News & Ratings for Close Brothers Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Close Brothers Group and related companies with MarketBeat.com's FREE daily email newsletter.