Shares of Lloyds Banking Group (NYSE:LYG) have earned a consensus recommendation of “Hold” from the fifteen analysts that are currently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $4.25.
LYG has been the subject of several research analyst reports. ValuEngine downgraded Lloyds Banking Group from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. BNP Paribas downgraded Lloyds Banking Group from an “outperform” rating to a “neutral” rating in a research note on Tuesday, March 6th. Exane BNP Paribas downgraded Lloyds Banking Group from an “outperform” rating to a “neutral” rating in a research note on Monday, March 5th. Morgan Stanley downgraded Lloyds Banking Group from an “overweight” rating to an “equal” rating in a research note on Wednesday, January 10th. Finally, JPMorgan Chase reaffirmed a “buy” rating on shares of Lloyds Banking Group in a research note on Thursday, February 1st.
Shares of LYG traded up $0.05 during mid-day trading on Thursday, hitting $3.80. The company’s stock had a trading volume of 4,336,584 shares, compared to its average volume of 5,034,407. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.40 and a quick ratio of 1.40. The stock has a market capitalization of $70,808.98, a P/E ratio of 6.91 and a beta of 0.89. Lloyds Banking Group has a 1-year low of $3.26 and a 1-year high of $4.21.
Lloyds Banking Group (NYSE:LYG) last posted its quarterly earnings results on Tuesday, February 20th. The financial services provider reported $0.13 EPS for the quarter. The business had revenue of $12.88 billion during the quarter. Lloyds Banking Group had a return on equity of 19.07% and a net margin of 12.81%. research analysts anticipate that Lloyds Banking Group will post 0.5 EPS for the current year.
The business also recently declared a semiannual dividend, which will be paid on Friday, June 8th. Shareholders of record on Friday, April 20th will be given a dividend of $0.1141 per share. This is an increase from Lloyds Banking Group’s previous semiannual dividend of $0.08. The ex-dividend date is Thursday, April 19th. This represents a yield of 6.01%. Lloyds Banking Group’s dividend payout ratio (DPR) is presently 9.09%.
Institutional investors have recently added to or reduced their stakes in the business. Flagship Harbor Advisors LLC purchased a new position in Lloyds Banking Group during the fourth quarter worth $132,000. Lake Street Advisors Group LLC purchased a new position in Lloyds Banking Group during the fourth quarter worth $134,000. Dorsey & Whitney Trust CO LLC increased its position in Lloyds Banking Group by 144.4% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 35,688 shares of the financial services provider’s stock worth $133,000 after buying an additional 21,084 shares in the last quarter. HighPoint Advisor Group LLC purchased a new position in Lloyds Banking Group during the fourth quarter worth $142,000. Finally, Icon Wealth Partners LLC purchased a new position in Lloyds Banking Group during the fourth quarter worth $143,000. 2.40% of the stock is owned by institutional investors.
About Lloyds Banking Group
Lloyds Banking Group plc provides banking and financial services under the Lloyds Bank, Halifax, Bank of Scotland, and Scottish Widows brands in the United Kingdom and internationally. The company operates through three segments: Retail, Commercial Banking, and Insurance and Wealth. The Retail segment offers a range of financial service products, including current accounts, savings accounts, mortgages, motor finance, and unsecured consumer lending products to personal and small business customers.
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