Lloyds Banking Group (LON:LLOY) Announces Quarterly Earnings Results

Lloyds Banking Group (LON:LLOY) released its quarterly earnings data on Thursday. The financial services provider reported GBX 6.30 ($0.08) EPS for the quarter, reports. Lloyds Banking Group had a return on equity of 11.22% and a net margin of 16.66%.

Lloyds Banking Group Stock Up 4.8 %

Shares of LLOY traded up GBX 3 ($0.04) during trading hours on Thursday, reaching GBX 65.84 ($0.83). The stock had a trading volume of 1,265,371,125 shares, compared to its average volume of 172,262,422. The firm has a 50-day moving average of GBX 58.14 and a 200 day moving average of GBX 57.47. The company has a market cap of £39.92 billion, a P/E ratio of 8.33, a P/E/G ratio of 1.84 and a beta of 1.23. Lloyds Banking Group has a 52 week low of GBX 42.37 ($0.53) and a 52 week high of GBX 67.60 ($0.85).

Insider Transactions at Lloyds Banking Group

In other Lloyds Banking Group news, insider William Chalmers acquired 128,804 shares of Lloyds Banking Group stock in a transaction that occurred on Thursday, December 19th. The shares were bought at an average price of GBX 54 ($0.68) per share, with a total value of £69,554.16 ($87,522.54). Corporate insiders own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on LLOY. Royal Bank of Canada reissued a “sector perform” rating and set a GBX 60 ($0.76) price objective on shares of Lloyds Banking Group in a research report on Thursday, October 24th. Citigroup restated a “neutral” rating on shares of Lloyds Banking Group in a research note on Thursday, October 24th. Finally, Shore Capital reissued a “hold” rating on shares of Lloyds Banking Group in a report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of GBX 56 ($0.70).

Lloyds Banking Group Company Profile

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.