In yesterday’s Wall Street session, Lloyds Banking Group plc (NYSE:LYG) shares traded at $2.28, down -2.15% from the previous session.
22 analysts cover Lloyds Banking Group plc (NYSE:LYG), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $3.93 and a low of $2.14, we find $3.02. Given the previous closing price of $2.33, this indicates a potential upside of 29.61 percent. LYG stock price is now 1.83% away from the 50-day moving average and 1.61% away from the 200-day moving average. The market capitalization of the company currently stands at $37.41B.
The stock has received a hold rating from 8 analysts and a buy rating from 9. Brokers who have rated the stock have averaged $3.06 as their price target over the next twelve months.
A total of 81.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in LYG stock. A new stake in Lloyds Banking Group plc shares was purchased by OPTIVER HOLDING B.V. during the first quarter worth $15,934,000. NORGES BANK invested $4,560,000 in shares of LYG during the first quarter. In the first quarter, INTEGRATED WEALTH CONCEPTS LLC acquired a new stake in Lloyds Banking Group plc valued at approximately $1,895,000. DRW SECURITIES, L.L.C. acquired a new stake in LYG for approximately $1,125,000. SQUAREPOINT OPS LLC purchased a new stake in LYG valued at around $836,000 in the second quarter. In total, there are 351 active investors with 2.70% ownership of the company’s stock.
On Friday morning Lloyds Banking Group plc (NYSE: LYG) stock kicked off with the opening price of $2.3200. During the past 12 months, Lloyds Banking Group plc has had a low of $1.70 and a high of $2.63. The fifty day moving average price for LYG is $2.2374 and a two-hundred day moving average price translates $2.2457 for the stock.
The latest earnings results from Lloyds Banking Group plc (NYSE: LYG) was released for Mar, 2023.
Moreover, the firm recently paid out its quarterly dividend on 06/02/2023. Investors who held shares on 04/14/2023 were paid a $0.077514 dividend. On an annualized basis, this represents a $0.12 dividend and a 5.13% percent yield. There was an ex-dividend date of 04/13/2023 for this dividend. In terms of dividend payout ratio, LYG is presently at 21.15%.
Lloyds Banking Group plc(LYG) Company Profile
Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom. It operates through 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 and small business customers. The Commercial Banking segment provides lending, transactional banking, working capital management, risk management, and debt financing services to small and medium-sized entities, corporates, and institutions. The Insurance, Pensions, and Investments segment offers insurance, investment, and pension management products and services. It also provides digital banking services. The company offers its products and services under the Lloyds Bank, Halifax, Bank of Scotland, and Scottish Widows brands. Lloyds Banking Group plc was founded in 1695 and is based in London, the United Kingdom.
