Shares of Lloyds Banking Group plc (NYSE:LYG – Get Free Report) have earned a consensus rating of “Hold” from the nine ratings firms that are currently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $2.75.
A number of brokerages have recently weighed in on LYG. Royal Bank of Canada lowered shares of Lloyds Banking Group from an “outperform” rating to a “sector perform” rating in a report on Friday, July 26th. BNP Paribas upgraded shares of Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a research report on Friday, July 5th. Kepler Capital Markets initiated coverage on shares of Lloyds Banking Group in a research report on Thursday, September 5th. They set a “hold” rating for the company. Citigroup downgraded shares of Lloyds Banking Group from a “buy” rating to a “neutral” rating in a research report on Monday, August 5th. Finally, UBS Group reiterated a “neutral” rating on shares of Lloyds Banking Group in a research report on Tuesday, July 30th.
Institutional Trading of Lloyds Banking Group
Lloyds Banking Group Price Performance
NYSE LYG opened at $3.11 on Friday. The firm’s fifty day simple moving average is $3.00 and its two-hundred day simple moving average is $2.79. The company has a current ratio of 1.45, a quick ratio of 1.48 and a debt-to-equity ratio of 1.89. Lloyds Banking Group has a 12-month low of $1.88 and a 12-month high of $3.14. The firm has a market capitalization of $48.61 billion, a P/E ratio of 8.18 and a beta of 1.35.
Lloyds Banking Group (NYSE:LYG – Get Free Report) last announced its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.09 earnings per share for the quarter. The firm had revenue of $9.55 billion for the quarter. Lloyds Banking Group had a net margin of 12.40% and a return on equity of 10.34%. Analysts forecast that Lloyds Banking Group will post 0.32 EPS for the current fiscal year.
Lloyds Banking Group Increases Dividend
The firm also recently disclosed a semi-annual dividend, which was paid on Friday, September 20th. Investors of record on Monday, August 5th were paid a dividend of $0.0546 per share. This represents a yield of 4.4%. The ex-dividend date of this dividend was Monday, August 5th. This is a boost from Lloyds Banking Group’s previous semi-annual dividend of $0.05. Lloyds Banking Group’s dividend payout ratio is currently 26.32%.
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.
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