Lloyds Banking Group plc (LON:LLOY) Insider Acquires £8,600 in Stock

Lloyds Banking Group plc (LON:LLOY – Get Rating) insider Harmeen Mehta purchased 20,000 shares of the stock in a transaction that occurred on Monday, May 9th. The shares were acquired at an average cost of GBX 43 ($0.53) per share, with a total value of £8,600 ($10,602.88).

Shares of LLOY stock traded up GBX 0.45 ($0.01) during trading hours on Tuesday, reaching GBX 42.80 ($0.53). The company had a trading volume of 266,215,701 shares, compared to its average volume of 228,891,547. The business has a fifty day moving average price of GBX 46.16 and a 200-day moving average price of GBX 48.50. Lloyds Banking Group plc has a one year low of GBX 38.10 ($0.47) and a one year high of GBX 56 ($0.69). The firm has a market cap of £29.82 billion and a PE ratio of 5.94.

The business also recently declared a dividend, which will be paid on Thursday, May 19th. Stockholders of record on Thursday, April 7th will be paid a GBX 1.33 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, April 7th. This is a positive change from Lloyds Banking Group’s previous dividend of $0.67. This represents a dividend yield of 2.55%. Lloyds Banking Group’s payout ratio is currently 0.36%.

A number of brokerages recently issued reports on LLOY. Shore Capital reissued a “buy” rating on shares of Lloyds Banking Group in a research report on Friday, April 22nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 63 ($0.78) price target on shares of Lloyds Banking Group in a research report on Thursday, March 10th. Barclays reaffirmed an “equal weight” rating and issued a GBX 58 ($0.72) target price on shares of Lloyds Banking Group in a report on Wednesday, April 20th. Morgan Stanley reaffirmed an “overweight” rating and issued a GBX 62 ($0.76) target price on shares of Lloyds Banking Group in a report on Tuesday, April 26th. Finally, Jefferies Financial Group set a GBX 63 ($0.78) target price on shares of Lloyds Banking Group in a report on Tuesday, January 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of GBX 56.38 ($0.70).

Lloyds Banking Group Company Profile (Get Rating)

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 and Wealth. 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.

Read More