Insider Buying: Close Brothers Group plc (LON:CBG) Insider Acquires £19,167.90 in Stock

Close Brothers Group plc (LON:CBG) insider Mike Morgan purchased 1,810 shares of the firm’s stock in a transaction on Wednesday, October 14th. The stock was bought at an average cost of GBX 1,059 ($13.84) per share, with a total value of £19,167.90 ($25,042.98).

Mike Morgan also recently made the following trade(s):

  • On Friday, October 2nd, Mike Morgan sold 10,536 shares of Close Brothers Group stock. The shares were sold at an average price of GBX 1,022 ($13.35), for a total transaction of £107,677.92 ($140,681.89).

Close Brothers Group stock opened at GBX 1,019 ($13.31) on Friday. Close Brothers Group plc has a fifty-two week low of GBX 849 ($11.09) and a fifty-two week high of GBX 1,663 ($21.73). The stock has a market cap of $1.59 billion and a PE ratio of 14.06. The firm’s 50-day simple moving average is GBX 1,056.16 and its 200 day simple moving average is GBX 1,087.97.

The company also recently declared a dividend, which will be paid on Tuesday, November 24th. Investors of record on Thursday, October 15th will be issued a dividend of GBX 40 ($0.52) per share. The ex-dividend date is Thursday, October 15th. This is a boost from Close Brothers Group’s previous dividend of $22.70. This represents a yield of 4%. Close Brothers Group’s payout ratio is 110.34%.

CBG has been the subject of a number of analyst reports. Royal Bank of Canada upgraded shares of Close Brothers Group to an “outperform” rating and lifted their price objective for the company from GBX 1,150 ($15.02) to GBX 1,400 ($18.29) in a report on Wednesday, July 1st. Shore Capital reiterated a “hold” rating on shares of Close Brothers Group in a report on Monday, September 14th. Jefferies Financial Group reiterated an “underperform” rating on shares of Close Brothers Group in a report on Friday, July 3rd. UBS Group reiterated a “neutral” rating and set a GBX 1,250 ($16.33) price objective (up from GBX 1,230 ($16.07)) on shares of Close Brothers Group in a report on Thursday, July 23rd. Finally, Berenberg Bank reduced their price objective on shares of Close Brothers Group from GBX 1,170 ($15.29) to GBX 1,100 ($14.37) and set a “hold” rating for the company in a report on Thursday, July 23rd. Four research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. Close Brothers Group currently has an average rating of “Hold” and an average price target of GBX 1,234 ($16.12).

About Close Brothers Group

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.

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

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