Insider Buying: Lloyds Banking Group (LON:LLOY) Insider Acquires 217,494 Shares of Stock

Key Points

• Charlie Nunn, an insider at Lloyds Banking Group, purchased 217,494 shares at an average price of GBX 84, totaling approximately £182,695.
• Lloyds Banking Group's current stock price is GBX 81.98, with a market capitalization of £48.64 billion and a 12-month trading range between GBX 52.44 and GBX 84.72.
• Analysts have varying ratings for Lloyds, with a consensus rating of "Hold" and target prices ranging from GBX 74 to GBX 103, indicating mixed outlooks among research analysts.

Lloyds Banking Group plc (LON:LLOY - Get Free Report) insider Charlie Nunn acquired 217,494 shares of Lloyds Banking Group stock in a transaction dated Friday, September 19th. The stock was bought at an average price of GBX 84 per share, for a total transaction of £182,694.96.

Lloyds Banking Group Price Performance

LON:LLOY traded down GBX 0.16 on Monday, reaching GBX 81.98. The stock had a trading volume of 118,206,195 shares, compared to its average volume of 157,028,641. The company has a market cap of £48.64 billion, a price-to-earnings ratio of 1,242.12, a P/E/G ratio of 1.84 and a beta of 1.23. The firm's fifty day moving average is GBX 80.75 and its two-hundred day moving average is GBX 75.84. Lloyds Banking Group plc has a 12-month low of GBX 52.44 and a 12-month high of GBX 84.72.

Lloyds Banking Group (LON:LLOY - Get Free Report) last released its earnings results on Thursday, July 24th. The financial services provider reported GBX 3.80 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%. As a group, research analysts forecast that Lloyds Banking Group plc will post 7.3199528 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on LLOY shares. Shore Capital reaffirmed a "hold" rating and set a GBX 74 price target on shares of Lloyds Banking Group in a research note on Thursday, July 24th. Citigroup increased their target price on Lloyds Banking Group from GBX 75 to GBX 77 and gave the stock a "neutral" rating in a research report on Friday, August 1st. Royal Bank Of Canada raised Lloyds Banking Group to an "outperform" rating and set a GBX 95 target price on the stock in a research report on Monday, August 4th. JPMorgan Chase & Co. raised their target price on shares of Lloyds Banking Group from GBX 85 to GBX 98 and gave the company a "neutral" rating in a research note on Tuesday, September 9th. Finally, Jefferies Financial Group raised their price objective on Lloyds Banking Group from GBX 92 to GBX 103 and gave the company a "buy" rating in a research report on Tuesday, August 26th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Lloyds Banking Group has a consensus rating of "Hold" and a consensus target price of GBX 89.40.

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.

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