Insider Buying: Lloyds Banking Group plc (LON:LLOY) Insider Acquires £66,621.36 in Stock

Lloyds Banking Group plc (LON:LLOY) insider William Chalmers bought 128,118 shares of the business’s stock in a transaction on Monday, March 25th. The shares were acquired at an average price of GBX 52 ($0.66) per share, with a total value of £66,621.36 ($84,192.29).

Lloyds Banking Group Stock Up 0.2 %

Shares of LON LLOY opened at GBX 51.76 ($0.65) on Friday. The firm’s 50-day simple moving average is GBX 45.52 and its 200 day simple moving average is GBX 44.56. The stock has a market cap of £32.97 billion, a P/E ratio of 739.43, a P/E/G ratio of 1.80 and a beta of 1.22. Lloyds Banking Group plc has a fifty-two week low of GBX 39.42 ($0.50) and a fifty-two week high of GBX 52.67 ($0.67).

Lloyds Banking Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Thursday, April 11th will be paid a GBX 1.84 ($0.02) dividend. This represents a dividend yield of 4.25%. The ex-dividend date of this dividend is Thursday, April 11th. This is an increase from Lloyds Banking Group’s previous dividend of $0.92. Lloyds Banking Group’s payout ratio is currently 4,285.71%.

Analyst Upgrades and Downgrades

LLOY has been the topic of a number of analyst reports. Keefe, Bruyette & Woods upgraded shares of Lloyds Banking Group to a “market perform” rating and set a GBX 50 ($0.63) target price on the stock in a research report on Monday, February 12th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 59 ($0.75) price objective on shares of Lloyds Banking Group in a report on Friday, February 16th. JPMorgan Chase & Co. restated an “underweight” rating and issued a GBX 41 ($0.52) price target on shares of Lloyds Banking Group in a research note on Monday, February 26th. Shore Capital reiterated a “buy” rating on shares of Lloyds Banking Group in a report on Thursday, February 22nd. Finally, Berenberg Bank increased their price objective on shares of Lloyds Banking Group from GBX 55 ($0.70) to GBX 58 ($0.73) and gave the stock a “hold” rating in a research note on Thursday, February 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 57.17 ($0.72).

Lloyds Banking Group Company Profile

Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom and internationally. It operates in three segments: Retail; Commercial Banking; and Insurance, Pensions and Investments. The Retail segment offers a range of financial service products, including current accounts, savings, mortgages, motor finance, unsecured loans, leasing solutions, and credit cards to personal customers.