Shore Capital reaffirmed their buy rating on shares of Lloyds Banking Group (LON:LLOY – Free Report) in a research note published on Wednesday morning, MarketBeat reports.
A number of other research analysts have also recently commented on the company. JPMorgan Chase & Co. upped their price target on Lloyds Banking Group from GBX 41 ($0.51) to GBX 45 ($0.56) and gave the company an underweight rating in a research report on Tuesday, April 9th. Jefferies Financial Group reaffirmed a buy rating and set a GBX 59 ($0.73) price target on shares of Lloyds Banking Group in a research report on Friday, February 16th. Keefe, Bruyette & Woods raised Lloyds Banking Group to a market perform rating and set a GBX 50 ($0.62) price target on the stock in a research report on Monday, February 12th. Berenberg Bank upped their price target on Lloyds Banking Group from GBX 55 ($0.68) to GBX 58 ($0.72) and gave the company a hold rating in a research report on Thursday, February 22nd. Finally, Peel Hunt began coverage on Lloyds Banking Group in a report on Friday, April 19th. They set a hold rating and a GBX 55 ($0.68) price objective on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Lloyds Banking Group currently has a consensus rating of Hold and a consensus target price of GBX 55.33 ($0.68).
Read Our Latest Stock Report on Lloyds Banking Group
Lloyds Banking Group Price Performance
Lloyds Banking Group Increases Dividend
The business also recently disclosed a dividend, which will be paid on Tuesday, May 21st. Investors of record on Thursday, April 11th will be issued a dividend of GBX 1.84 ($0.02) per share. This is a boost from Lloyds Banking Group’s previous dividend of $0.92. The ex-dividend date is Thursday, April 11th. This represents a yield of 4.25%. Lloyds Banking Group’s dividend payout ratio is 3,750.00%.
Insider Activity
In other Lloyds Banking Group news, insider Robin Budenberg purchased 1,000,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was purchased at an average price of GBX 45 ($0.56) per share, for a total transaction of £450,000 ($555,830.04). In other Lloyds Banking Group news, insider William Chalmers purchased 128,118 shares of the company’s stock in a transaction dated Monday, March 25th. The stock was purchased at an average price of GBX 52 ($0.64) per share, for a total transaction of £66,621.36 ($82,289.23). Also, insider Robin Budenberg purchased 1,000,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were acquired at an average price of GBX 45 ($0.56) per share, with a total value of £450,000 ($555,830.04). Corporate insiders own 0.24% of the company’s stock.
About Lloyds Banking Group
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.
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