Chris Vogelzang Acquires 30,500 Shares of Lloyds Banking Group plc (LON:LLOY) Stock

Key Points

• Insider Chris Vogelzang acquired 30,500 shares of Lloyds Banking Group at an average cost of GBX 80 ($1.07) per share, totaling £24,400 ($32,594.18).
• Lloyds Banking Group's stock saw a slight decline, trading at GBX 80.48 ($1.08), with a market cap of £48.80 billion and a price-to-earnings ratio of 10.18.
• Analysts have mixed ratings on Lloyds shares, with a current consensus of "Hold" and a target price of GBX 77.20 ($1.03), reflecting cautious optimism.

Lloyds Banking Group plc (LON:LLOY - Get Free Report) insider Chris Vogelzang acquired 30,500 shares of the company's stock in a transaction on Wednesday, August 6th. The shares were acquired at an average cost of GBX 80 ($1.07) per share, for a total transaction of £24,400 ($32,594.18).

Lloyds Banking Group Price Performance

Shares of LON:LLOY traded down GBX 0.48 ($0.01) during midday trading on Thursday, reaching GBX 80.48 ($1.08). 86,650,930 shares of the company's stock were exchanged, compared to its average volume of 156,759,938. The stock has a market cap of £48.80 billion, a price-to-earnings ratio of 10.18, a P/E/G ratio of 1.84 and a beta of 1.23. Lloyds Banking Group plc has a fifty-two week low of GBX 52.44 ($0.70) and a fifty-two week high of GBX 83.92 ($1.12). The firm's 50 day simple moving average is GBX 76.98 and its two-hundred day simple moving average is GBX 71.89.

Lloyds Banking Group (LON:LLOY - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The financial services provider reported GBX 3.80 ($0.05) earnings per share (EPS) for the quarter. Lloyds Banking Group had a net margin of 16.66% and a return on equity of 11.22%. Equities research analysts predict that Lloyds Banking Group plc will post 7.3199528 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on LLOY. Shore Capital restated a "hold" rating and set a GBX 74 ($0.99) target price on shares of Lloyds Banking Group in a research report on Thursday, July 24th. Royal Bank Of Canada raised shares of Lloyds Banking Group to an "outperform" rating and set a GBX 95 ($1.27) price target for the company in a research report on Monday. Citigroup raised their price target on Lloyds Banking Group from GBX 75 ($1.00) to GBX 77 ($1.03) and gave the company a "neutral" rating in a report on Friday, August 1st. Finally, JPMorgan Chase & Co. raised Lloyds Banking Group to a "neutral" rating and upped their price objective for the stock from GBX 79 ($1.06) to GBX 85 ($1.14) in a report on Monday. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of GBX 77.20 ($1.03).

About Lloyds Banking Group

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.

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