The price of Lloyds Banking Group plc ADR (NYSE:LYG) shares last traded on Wall Street fell -0.47% to $2.14.
Based on available information, 21 analysts follow Lloyds Banking Group plc ADR (NYSE:LYG). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $3.98 and a low of $2.07, we find $2.91. Given the previous closing price of $2.15, this indicates a potential upside of 35.35 percent. LYG stock price is now -0.95% away from the 50-day moving average and -6.58% away from the 200-day moving average. The market capitalization of the company currently stands at $33.81B.
Among analysts, 7 rate the stock a hold while 9 rate it a buy. Brokers who have rated the stock have averaged $2.88 as their price target over the next twelve months.
A total of 0.03% 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 ADR shares was purchased by NORGES BANK during the first quarter worth $4,280,000. DRW SECURITIES, L.L.C. invested $1,056,000 in shares of LYG during the first quarter. In the first quarter, MASSACHUSETTS FINANCIAL SERVICES CO /MA/ acquired a new stake in Lloyds Banking Group plc ADR valued at approximately $812,000. SUSQUEHANNA INTERNATIONAL SECURITIES, LTD. acquired a new stake in LYG for approximately $740,000. MARSHALL WACE, LLP purchased a new stake in LYG valued at around $497,000 in the second quarter. In total, there are 362 active investors with 2.23% ownership of the company’s stock.
A candlestick chart of Lloyds Banking Group plc ADR (NYSE: LYG) showed a price of $2.1400 on Tuesday morning. During the past 12 months, Lloyds Banking Group plc ADR has had a low of $1.70 and a high of $2.63. The fifty day moving average price for LYG is $2.1568 and a two-hundred day moving average price translates $2.2903 for the stock.
The latest earnings results from Lloyds Banking Group plc ADR (NYSE: LYG) was released for Jun, 2023. The net profit margin was 21.53% and return on equity was 12.57% for LYG.
Moreover, the firm recently paid out its quarterly dividend on 09/22/2023. Investors who held shares on 08/07/2023 were paid a $0.047545 dividend. On an annualized basis, this represents a $0.14 dividend and a 6.62% percent yield. There was an ex-dividend date of 08/04/2023 for this dividend. In terms of dividend payout ratio, LYG is presently at 31.78%.
Lloyds Banking Group plc ADR(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.
