According to Zacks, “Lloyds Banking Group plc, formerly Lloyds TSB Group plc, is a United Kingdom-based financial services company, whose businesses provide a range of banking and financial services in the United Kingdom and a limited number of locations overseas. Headquartered in London, the company operates through three segments: UK Retail Banking, Insurance and Investments, and Wholesale and International Banking. The UK Retail Banking segment provides banking and financial services, mortgages, and private banking services. The Insurance and Investments segment offers life assurance, pensions and savings products, general insurance, and fund management services. The Wholesale and International Banking segment provides banking and related services for companies, small and medium-sized businesses, banks, and financial institutions; and asset finance to personal and corporate customers. “
LYG has been the subject of several other reports. Keefe, Bruyette & Woods upgraded AEGON from an underperform rating to a market perform rating in a research report on Tuesday, May 28th. Davy Research upgraded Lloyds Banking Group from a neutral rating to an outperform rating in a research report on Tuesday, May 28th. Finally, Bank of America upgraded Royal Bank of Scotland Group from an underperform rating to a neutral rating in a research report on Thursday, April 18th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $3.75.
NYSE:LYG opened at $2.87 on Wednesday. Lloyds Banking Group has a twelve month low of $2.43 and a twelve month high of $3.46. The company has a market capitalization of $51.71 billion, a P/E ratio of 5.42 and a beta of 1.04. The stock’s fifty day simple moving average is $2.88. The company has a debt-to-equity ratio of 2.18, a quick ratio of 1.49 and a current ratio of 1.49.
Lloyds Banking Group (NYSE:LYG) last released its earnings results on Thursday, May 2nd. The financial services provider reported $0.14 earnings per share for the quarter. Lloyds Banking Group had a return on equity of 16.28% and a net margin of 23.77%. The business had revenue of $5.98 billion during the quarter. On average, analysts forecast that Lloyds Banking Group will post 0.43 EPS for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the stock. Massey Quick Simon & CO. LLC bought a new stake in shares of Lloyds Banking Group in the first quarter valued at about $26,000. Webster Bank N. A. bought a new stake in shares of Lloyds Banking Group in the first quarter valued at about $28,000. Andesa Financial Management Inc. bought a new stake in shares of Lloyds Banking Group in the first quarter valued at about $32,000. Private Trust Co. NA bought a new stake in shares of Lloyds Banking Group in the second quarter valued at about $30,000. Finally, Zions Bancorporation N.A. bought a new stake in shares of Lloyds Banking Group in the first quarter valued at about $35,000. Hedge funds and other institutional investors own 1.94% of the company’s stock.
Lloyds Banking Group Company Profile
Lloyds Banking Group plc provides banking and financial services under the Lloyds Bank, Halifax, Bank of Scotland, and Scottish Widows brands in the United Kingdom and internationally. It operates through three segments: Retail, Commercial Banking, and Insurance and Wealth. The Retail segment offers a range of financial service products, including current accounts, savings accounts, mortgages, motor finance, unsecured consumer loans, leasing solutions, and credit cards to personal and small business customers.
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