Insider Selling: Close Brothers Group plc (CBG) Insider Sells 49,085 Shares of Stock

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Close Brothers Group plc (LON:CBG) insider Jonathan Howell sold 49,085 shares of the business’s stock in a transaction that occurred on Wednesday, October 3rd. The stock was sold at an average price of GBX 1,554 ($20.31), for a total value of £762,780.90 ($996,708.35).

Jonathan Howell also recently made the following trade(s):

  • On Wednesday, September 26th, Jonathan Howell sold 30,577 shares of Close Brothers Group stock. The stock was sold at an average price of GBX 1,604 ($20.96), for a total value of £490,455.08 ($640,866.43).

Shares of CBG stock opened at GBX 1,480 ($19.34) on Friday. Close Brothers Group plc has a 12 month low of GBX 1,315 ($17.18) and a 12 month high of GBX 1,715 ($22.41).

The company also recently announced a dividend, which will be paid on Tuesday, November 20th. Investors of record on Thursday, October 11th will be paid a GBX 42 ($0.55) dividend. This represents a dividend yield of 2.63%. This is a positive change from Close Brothers Group’s previous dividend of $21.00. The ex-dividend date of this dividend is Thursday, October 11th.

Several research firms recently weighed in on CBG. JPMorgan Chase & Co. restated an “overweight” rating on shares of Close Brothers Group in a report on Thursday. Numis Securities lowered Close Brothers Group to a “hold” rating and set a GBX 1,693 ($22.12) target price for the company. in a report on Tuesday, September 25th. Shore Capital restated a “hold” rating on shares of Close Brothers Group in a report on Tuesday, September 25th. Finally, Peel Hunt reiterated a “hold” rating on shares of Close Brothers Group in a report on Tuesday, September 25th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of GBX 1,563.33 ($20.43).

Close Brothers Group Company Profile

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

Featured Article: Book Value Of Equity Per Share – BVPS Explained

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

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