Lloyds Banking Group plc (LON:LLOY) Insider William Chalmers Sells 11,338 Shares of Stock

Lloyds Banking Group plc (LON:LLOY) insider William Chalmers sold 11,338 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of GBX 70 ($0.90), for a total value of £7,936.60 ($10,255.33).

Lloyds Banking Group Stock Up 2.5 %

Lloyds Banking Group stock opened at GBX 72.36 ($0.94) on Tuesday. The company has a fifty day simple moving average of GBX 65.42 and a 200-day simple moving average of GBX 59.47. The firm has a market capitalization of £43.88 billion, a price-to-earnings ratio of 9.15, a PEG ratio of 1.84 and a beta of 1.23. Lloyds Banking Group plc has a 52-week low of GBX 49.42 ($0.64) and a 52-week high of GBX 74.46 ($0.96).

Lloyds Banking Group (LON:LLOY) last announced its quarterly earnings data on Thursday, February 20th. The financial services provider reported GBX 6.30 ($0.08) earnings per share (EPS) for the quarter. Lloyds Banking Group had a net margin of 16.66% and a return on equity of 11.22%. On average, research analysts anticipate that Lloyds Banking Group plc will post 7.3199528 EPS for the current fiscal year.

Lloyds Banking Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, May 20th. Investors of record on Thursday, April 10th will be given a dividend of GBX 2.11 ($0.03) per share. This is an increase from Lloyds Banking Group’s previous dividend of $1.06. The ex-dividend date is Thursday, April 10th. This represents a yield of 3.01%. Lloyds Banking Group’s dividend payout ratio (DPR) is presently 37.95%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on LLOY shares. Citigroup boosted their price target on shares of Lloyds Banking Group from GBX 61 ($0.79) to GBX 71 ($0.92) and gave the stock a “buy” rating in a report on Thursday, March 6th. JPMorgan Chase & Co. boosted their target price on shares of Lloyds Banking Group from GBX 55 ($0.71) to GBX 62 ($0.80) and gave the stock an “underweight” rating in a research note on Tuesday, February 25th. Finally, Shore Capital reaffirmed a “hold” rating on shares of Lloyds Banking Group in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of GBX 60.60 ($0.78).

About Lloyds Banking Group

We are the largest UK retail and commercial financial services provider with over 25 million customers and a presence in nearly every community.

The Group’s main business activities are retail and commercial banking, general insurance and long-term savings, provided through the largest branch network and digital bank in the UK, with well recognised brands including Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows.

Our shares are quoted on the London and New York stock exchanges and we are one of the largest companies in the FTSE 100 index.