Close Brothers Group plc (CBG) to Issue Dividend of GBX 40 on November 21st
Close Brothers Group plc (LON:CBG) declared a dividend on Tuesday, September 26th, Upcoming.Co.Uk reports. Investors of record on Thursday, October 12th will be paid a dividend of GBX 40 ($0.53) per share on Tuesday, November 21st. This represents a dividend yield of 2.71%. The ex-dividend date is Thursday, October 12th. This is a boost from Close Brothers Group plc’s previous dividend of $20.00. The official announcement can be seen at this link.
Shares of Close Brothers Group plc (LON CBG) opened at 1467.00 on Wednesday. The company has a 50-day moving average price of GBX 1,514.16 and a 200 day moving average price of GBX 1,553.95. Close Brothers Group plc has a 1-year low of GBX 1,222.00 and a 1-year high of GBX 1,715.00. The firm’s market capitalization is GBX 2.19 billion.
Close Brothers Group plc (LON:CBG) last announced its earnings results on Tuesday, September 26th. The company reported GBX 131.70 ($1.73) earnings per share for the quarter, topping analysts’ consensus estimates of GBX 130.10 ($1.71) by GBX 1.60 ($0.02). The business had revenue of £765.60 million for the quarter. Close Brothers Group plc had a return on equity of 17.25% and a net margin of 23.84%. On average, equities research analysts predict that Close Brothers Group plc will post $129.77 EPS for the current year.
A number of equities analysts have weighed in on CBG shares. Barclays PLC restated an “equal weight” rating and issued a GBX 1,550 ($20.38) target price on shares of Close Brothers Group plc in a research note on Monday, July 24th. Numis Securities Ltd lowered Close Brothers Group plc to a “hold” rating and decreased their target price for the stock from GBX 1,779 ($23.39) to GBX 1,557 ($20.47) in a research note on Monday, July 3rd. Liberum Capital upped their target price on Close Brothers Group plc from GBX 1,400 ($18.41) to GBX 1,535 ($20.18) and gave the stock a “hold” rating in a research note on Friday, July 14th. Jefferies Group LLC restated a “hold” rating and issued a GBX 1,543 ($20.29) target price (up from GBX 1,506 ($19.80)) on shares of Close Brothers Group plc in a research note on Thursday, September 28th. Finally, J P Morgan Chase & Co restated an “overweight” rating and issued a GBX 1,800 ($23.67) target price on shares of Close Brothers Group plc in a research note on Wednesday, September 27th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. Close Brothers Group plc currently has an average rating of “Hold” and a consensus price target of GBX 1,554.13 ($20.43).
In other news, insider Jonathan Howell sold 17,363 shares of the stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of GBX 1,468 ($19.30), for a total transaction of £254,888.84 ($335,115.49). Also, insider Rebekah Etherington sold 19,477 shares of the stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of GBX 1,474 ($19.38), for a total value of £287,090.98 ($377,453.30). Insiders have bought a total of 30 shares of company stock worth $45,250 over the last quarter.
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.
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