Close Brothers Group (CBG)

Sector:

Banking

Index:

FTSE 250

1,312.00p
   
  • Change Today:
    -12.00p
  • 52 Week High: 1,685.00
  • 52 Week Low: 1,291.00
  • Currency: UK Pounds
  • Shares Issued: 150.43m
  • Volume: 145,347
  • Market Cap: £1,973.70m
  • RiskGrade: 146
  • Beta: 1.16

Close Brothers reports sharp profit rise

By Sean Farrell

Date: Tuesday 28 Sep 2021

LONDON (ShareCast) - (Sharecast News) - Close Brothers reported a sharp rise in annual profit and a hefty dividend increase as the financial services group benefited from rising income and lower impairments.
Operating pretax profit rose 88% to £265.2m in the year to the end of July from a year earlier as operating income increased 10% to £952.6m. Impairment losses on financial assets fell 51% to £89.8m and banking profit more than doubled to £212.5m from £99.2m.

The FTSE 250 group proposed a final dividend of 42p a share taking the annual payout to 60p a share - a 50% increase from a year earlier.

Income increased at all divisions with banking boosted by high new business volumes and the net interest margin strengthening to 7.7% from 7.5%. Asset management income rose 9% and the Winterflood securities business produced a 20% revenue increase helped by high trading volumes.

Chief Executive Adrian Sainsbury said: "We have delivered a strong financial performance in the year and made the most of the opportunities arising as the economy recovers from the effects of Covid-19. We are encouraged by the improvement in the economic outlook, although the trajectory remains uncertain."

Close Brothers shares fell 0.9% to £15.61 at 08:05 BST. The shares have gained more than 50% in 2021.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

CBG Market Data

Currency UK Pounds
Share Price 1,312.00p
Change Today -12.00p
% Change -0.91 %
52 Week High 1,685.00
52 Week Low 1,291.00
Volume 145,347
Shares Issued 150.43m
Market Cap £1,973.70m
Beta 1.16
RiskGrade 146

CBG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
77.05% above the market average77.05% above the market average77.05% above the market average77.05% above the market average77.05% above the market average
76.47% below the sector average76.47% below the sector average76.47% below the sector average76.47% below the sector average76.47% below the sector average
Price Trend
68.92% below the market average68.92% below the market average68.92% below the market average68.92% below the market average68.92% below the market average
44.44% below the sector average44.44% below the sector average44.44% below the sector average44.44% below the sector average44.44% below the sector average
Income
82.87% above the market average82.87% above the market average82.87% above the market average82.87% above the market average82.87% above the market average
71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average
Growth
79.48% above the market average79.48% above the market average79.48% above the market average79.48% above the market average79.48% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average

What The Brokers Say

Strong Buy 2
Buy 1
Neutral 7
Sell 1
Strong Sell 0
Total 11
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

CBG Dividends

  Latest Previous
  Final Interim
Ex-Div 14-Oct-21 25-Mar-21
Paid 23-Nov-21 28-Apr-21
Amount 42.00p 18.00p

Trades for 03-Dec-2021

Time Volume / Share Price
16:35 949 @ 1,312.00p
16:35 59,601 @ 1,312.00p
16:29 9 @ 1,313.00p
16:29 12 @ 1,314.00p
16:29 34 @ 1,314.00p

CBG Key Personnel

Chair Michael N Biggs

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