Lloyds Banking Group plc (LON:LLOY) Insider Sells £7,936.60 in Stock

Lloyds Banking Group plc (LON:LLOY) insider William Chalmers sold 11,338 shares of the business’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of GBX 70 ($0.90), for a total transaction of £7,936.60 ($10,255.33).

Lloyds Banking Group Stock Up 2.5 %

LON:LLOY opened at GBX 72.36 ($0.94) on Tuesday. Lloyds Banking Group plc has a 52 week low of GBX 49.42 ($0.64) and a 52 week high of GBX 74.46 ($0.96). The stock’s fifty day moving average is GBX 65.42 and its two-hundred day moving average is GBX 59.47. The stock has a market capitalization of £43.88 billion, a price-to-earnings ratio of 9.15, a price-to-earnings-growth ratio of 1.84 and a beta of 1.23.

Lloyds Banking Group (LON:LLOY) last posted its earnings results on Thursday, February 20th. The financial services provider reported GBX 6.30 ($0.08) earnings per share (EPS) for the quarter. Lloyds Banking Group had a return on equity of 11.22% and a net margin of 16.66%. On average, sell-side analysts expect that Lloyds Banking Group plc will post 7.3199528 EPS for the current fiscal year.

Lloyds Banking Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Thursday, April 10th will be paid a GBX 2.11 ($0.03) dividend. This is a positive change from Lloyds Banking Group’s previous dividend of $1.06. The ex-dividend date is Thursday, April 10th. This represents a dividend yield of 3.01%. Lloyds Banking Group’s dividend payout ratio (DPR) is presently 37.95%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Citigroup upped their price objective on Lloyds Banking Group from GBX 61 ($0.79) to GBX 71 ($0.92) and gave the company a “buy” rating in a report on Thursday, March 6th. Shore Capital reaffirmed a “hold” rating on shares of Lloyds Banking Group in a research note on Thursday, February 20th. Finally, JPMorgan Chase & Co. raised their price objective on Lloyds Banking Group from GBX 55 ($0.71) to GBX 62 ($0.80) and gave the stock an “underweight” rating in a research report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Lloyds Banking Group presently has a consensus rating of “Hold” and an average target price of GBX 60.60 ($0.78).

Lloyds Banking Group Company Profile

We are the largest UK retail and commercial financial services provider with over 25 million customers and a presence in nearly every community.

The Group’s main business activities are retail and commercial banking, general insurance and long-term savings, provided through the largest branch network and digital bank in the UK, with well recognised brands including Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows.

Our shares are quoted on the London and New York stock exchanges and we are one of the largest companies in the FTSE 100 index.