Close Brothers Group (CBG)

Sector:

Banking

Index:

FTSE 250

417.40p
   
  • Change Today:
      16.20p
  • 52 Week High: 976.50
  • 52 Week Low: 299.20
  • Currency: UK Pounds
  • Shares Issued: 150.49m
  • Volume: 163,864
  • Market Cap: £628.14m
  • RiskGrade: 146

Close Brothers sees 'good momentum' in five months to 31 December

By Iain Gilbert

Date: Friday 21 Jan 2022

LONDON (ShareCast) - (Sharecast News) - Merchant banking group Close Brothers said on Friday that it had performed well in the five months ended 31 December, with good loan book growth at strong margins in its banking unit and continued growth momentum in its asset management division despite a moderation in trading income in its Winterflood arm since the end of the 2021 financial year.
Close Brothers stated that in banking, it experienced "good demand" across its businesses, with the firm's loan book increasing 2.9% to £8.69bn, driven by good new business levels in asset finance and motor finance and improved utilisation in invoice finance, despite continued high repayments in its property business.

The FTSE 250-listed firm said that in its asset management unit it continued to deliver good growth in the period, achieving annualised net inflows of 8% and benefiting from rising markets. Managed assets grew from £15.6bn to £16.6bn and total client assets increased from £17.0bn to £18.0bn.

Close Brothers also noted that Winteflood's trading performance had moderated since the end of the 2021 financial year and as a result, operating profits for the period were broadly in line with the £10.6m seen in the first half of 2020.

Chief executive Adrian Sainsbury said: "We have seen good momentum in our business, as we continue to make the most of opportunities in our core markets. We are navigating the current environment effectively and remain confident that our proven and resilient model, supported by the hard work and expertise of our people, leave us well positioned to protect, grow and sustain our business over the long term."

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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 417.40p
Change Today 16.20p
% Change 4.04 %
52 Week High 976.50
52 Week Low 299.20
Volume 163,864
Shares Issued 150.49m
Market Cap £628.14m
RiskGrade 146

CBG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
99.20% above the market average99.20% above the market average99.20% above the market average99.20% above the market average99.20% above the market average
62.50% above the sector average62.50% above the sector average62.50% above the sector average62.50% above the sector average62.50% above the sector average
Price Trend
81.71% below the market average81.71% below the market average81.71% below the market average81.71% below the market average81.71% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Income
75.76% above the market average75.76% above the market average75.76% above the market average75.76% above the market average75.76% above the market average
42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average
Growth
93.62% below the market average93.62% below the market average93.62% below the market average93.62% below the market average93.62% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average

What The Brokers Say

Strong Buy 3
Buy 2
Neutral 3
Sell 1
Strong Sell 0
Total 9
buy
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 19-Oct-23 23-Mar-23
Paid 24-Nov-23 26-Apr-23
Amount 45.00p 22.50p

Trades for 28-Mar-2024

Time Volume / Share Price
14:30 106 @ 417.40p
14:30 2 @ 417.40p
14:30 208 @ 417.40p
14:30 217 @ 417.40p
14:30 3 @ 419.20p

CBG Key Personnel

Chair Michael N Biggs

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