Mike Morgan Sells 4,582 Shares of Close Brothers Group plc (LON:CBG) Stock

Close Brothers Group plc (LON:CBG) insider Mike Morgan sold 4,582 shares of Close Brothers Group stock in a transaction that occurred on Tuesday, October 12th. The stock was sold at an average price of GBX 1,524 ($19.91), for a total transaction of £69,829.68 ($91,232.92).

LON CBG traded down GBX 48 ($0.63) on Thursday, hitting GBX 1,490 ($19.47). 178,663 shares of the stock traded hands, compared to its average volume of 202,153. The business’s fifty day moving average is GBX 1,552.20 and its two-hundred day moving average is GBX 1,566.13. Close Brothers Group plc has a 12 month low of GBX 1,011 ($13.21) and a 12 month high of GBX 1,702 ($22.24). The firm has a market capitalization of £2.25 billion and a price-to-earnings ratio of 11.51.

The company also recently announced a dividend, which will be paid on Tuesday, November 23rd. Shareholders of record on Thursday, October 14th will be paid a GBX 42 ($0.55) dividend. The ex-dividend date of this dividend is Thursday, October 14th. This is a positive change from Close Brothers Group’s previous dividend of $18.00. This represents a dividend yield of 2.72%. Close Brothers Group’s payout ratio is presently 0.43%.

A number of research analysts have issued reports on CBG shares. Royal Bank of Canada downgraded Close Brothers Group to a “sector perform” rating and reduced their price objective for the company from GBX 1,800 ($23.52) to GBX 1,700 ($22.21) in a research note on Wednesday, October 6th. Numis Securities restated an “add” rating and set a GBX 1,828 ($23.88) price objective on shares of Close Brothers Group in a report on Wednesday, June 16th.

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, Asset Management, and Securities. 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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