Lloyds Banking Group PLC (NYSE:LYG) has been assigned a consensus rating of “Hold” from the sixteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and six have issued a buy recommendation on 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.
Several equities research analysts have issued reports on the stock. Goldman Sachs reissued a “sell” rating on shares of Lloyds Banking Group in a report on Tuesday, January 9th. Exane BNP Paribas lowered shares of Lloyds Banking Group from an “outperform” rating to a “neutral” rating in a report on Monday, March 5th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Lloyds Banking Group in a report on Thursday, February 1st. UBS reissued a “buy” rating on shares of Lloyds Banking Group in a report on Monday, December 11th. Finally, Deutsche Bank reissued a “buy” rating on shares of Lloyds Banking Group in a report on Friday, February 9th.
Shares of Lloyds Banking Group stock traded down $0.06 during trading on Friday, hitting $3.68. 4,090,756 shares of the stock were exchanged, compared to its average volume of 4,705,662. Lloyds Banking Group has a twelve month low of $3.15 and a twelve month high of $4.21. The firm has a market capitalization of $66,304.59, a PE ratio of 17.52 and a beta of 0.81. 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 business also recently declared a semiannual dividend, which will be paid on Friday, June 8th. Investors 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 of this dividend is Thursday, April 19th. This represents a yield of 6.01%. Lloyds Banking Group’s dividend payout ratio is 66.67%.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Flagship Harbor Advisors LLC acquired a new position in Lloyds Banking Group during the 4th quarter valued at about $132,000. Lake Street Advisors Group LLC acquired a new position in Lloyds Banking Group during the 4th quarter valued at about $134,000. Dorsey & Whitney Trust CO LLC lifted its position in Lloyds Banking Group by 144.4% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 35,688 shares of the financial services provider’s stock valued at $133,000 after purchasing an additional 21,084 shares during the period. HighPoint Advisor Group LLC acquired a new stake in shares of Lloyds Banking Group in the 4th quarter valued at approximately $142,000. Finally, Icon Wealth Partners LLC acquired a new stake in shares of Lloyds Banking Group in the 4th quarter valued at approximately $143,000. Institutional investors and hedge funds own 2.40% of the company’s stock.
Lloyds Banking Group Company Profile
Lloyds Banking Group plc is a provider of financial services to individual and business customers in the United Kingdom. The Company’s main business activities are retail and commercial banking, general insurance, and long-term savings, protection and investment. The Company’s segments are Retail, Commercial Banking, Consumer Finance, Insurance and Other.
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