Lloyds Banking Group (LON:LLOY) Coverage Initiated by Analysts at Peel Hunt

Peel Hunt started coverage on shares of Lloyds Banking Group (LON:LLOY) in a research report released on Friday, Marketbeat.com reports. The firm issued a hold rating and a GBX 55 ($0.68) price target on the financial services provider’s stock.

LLOY has been the subject of a number of other reports. Berenberg Bank boosted their target price on shares of Lloyds Banking Group from GBX 55 ($0.68) to GBX 58 ($0.72) and gave the company a hold rating in a research note on Thursday, February 22nd. Shore Capital reiterated a buy rating on shares of Lloyds Banking Group in a research note on Thursday, February 22nd. Keefe, Bruyette & Woods upgraded shares of Lloyds Banking Group to a market perform rating and set a GBX 50 ($0.62) target price for the company in a research note on Monday, February 12th. Jefferies Financial Group reiterated a buy rating and set a GBX 59 ($0.73) target price on shares of Lloyds Banking Group in a research note on Friday, February 16th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Lloyds Banking Group from GBX 41 ($0.51) to GBX 45 ($0.56) and gave the company an underweight rating in a research note on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Lloyds Banking Group currently has an average rating of Hold and an average target price of GBX 55.33 ($0.69).

Lloyds Banking Group Stock Down 0.2 %

Shares of LON LLOY opened at GBX 50.92 ($0.63) on Friday. Lloyds Banking Group has a twelve month low of GBX 39.42 ($0.49) and a twelve month high of GBX 54.28 ($0.68). The firm has a market cap of £32.43 billion, a P/E ratio of 636.50, a PEG ratio of 1.94 and a beta of 1.22. The company has a 50 day moving average of GBX 48.79 and a 200 day moving average of GBX 45.52.

Lloyds Banking Group Increases Dividend

The business 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%. This is a positive change from Lloyds Banking Group’s previous dividend of $0.92. The ex-dividend date of this dividend is Thursday, April 11th. Lloyds Banking Group’s dividend payout ratio is 3,750.00%.

Insider Transactions at Lloyds Banking Group

In related news, insider Robin Budenberg acquired 1,000,000 shares of Lloyds Banking Group stock in a transaction dated Friday, February 23rd. The stock was purchased at an average cost of GBX 45 ($0.56) per share, for a total transaction of £450,000 ($560,189.22). In other news, insider William Chalmers bought 128,118 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The stock was bought at an average price of GBX 52 ($0.65) per share, with a total value of £66,621.36 ($82,934.59). Also, insider Robin Budenberg bought 1,000,000 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was purchased at an average cost of GBX 45 ($0.56) per share, with a total value of £450,000 ($560,189.22). 0.24% of the stock is currently owned by company insiders.

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.