Shares of Lloyds Banking Group PLC (NYSE:LYG) have been given an average rating of “Buy” by the eleven research firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $3.50.
LYG has been the subject of several research analyst reports. Goldman Sachs Group reaffirmed a “sell” rating on shares of Lloyds Banking Group in a report on Tuesday, January 1st. Zacks Investment Research downgraded shares of Lloyds Banking Group from a “hold” rating to a “sell” rating in a report on Saturday, January 5th. Citigroup raised shares of Lloyds Banking Group from a “neutral” rating to a “buy” rating in a report on Friday, January 4th. Morgan Stanley raised shares of Lloyds Banking Group from an “equal” rating to a “weight” rating in a report on Monday, February 11th. Finally, JPMorgan Chase & Co. reissued a “buy” rating on shares of Lloyds Banking Group in a report on Tuesday, January 22nd.
Hedge funds and other institutional investors have recently modified their holdings of the business. Enlightenment Research LLC acquired a new stake in Lloyds Banking Group in the 4th quarter valued at about $25,000. Western Wealth Management LLC acquired a new stake in Lloyds Banking Group in the 4th quarter valued at about $27,000. Lavaca Capital LLC acquired a new stake in Lloyds Banking Group in the 4th quarter valued at about $28,000. SNS Financial Group LLC acquired a new stake in Lloyds Banking Group in the 4th quarter valued at about $33,000. Finally, Moloney Securities Asset Management LLC acquired a new stake in Lloyds Banking Group in the 4th quarter valued at about $38,000. 1.91% of the stock is owned by institutional investors.
LYG stock opened at $3.34 on Friday. The stock has a market capitalization of $60.18 billion, a P/E ratio of 6.07 and a beta of 1.03. Lloyds Banking Group has a fifty-two week low of $2.43 and a fifty-two week high of $3.98. The company has a debt-to-equity ratio of 2.17, a current ratio of 1.47 and a quick ratio of 1.47.
The firm also recently declared a semiannual dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, April 5th will be issued a $0.1119 dividend. This represents a yield of 7.02%. The ex-dividend date of this dividend is Thursday, April 4th. Lloyds Banking Group’s payout ratio is 20.00%.
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. The company 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, and unsecured consumer lending products to personal and small business customers.
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