Lloyds Banking Group (LON:LLOY) Insider William Chalmers Sells 8,445,139 Shares of Stock

Key Points

• Insider William Chalmers sold 9,100,000 Lloyds shares in two August 27 transactions, generating approximately £10.18 million at average prices of GBX 112 and GBX 110.
• Lloyds shares opened at GBX 108.92 and were down 0.3%, with the stock trading between a 12-month low of GBX 77.38 and high of GBX 117.90.
• Analysts maintain a “Moderate Buy” consensus, supported by six Buy, three Hold and one Sell rating, with an average price target of GBX 114.20.

Lloyds Banking Group plc (LON:LLOY - Get Free Report) insider William Chalmers sold 8,445,139 shares of the stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of GBX 112, for a total transaction of £9,458,555.68.

William Chalmers also recently made the following trade(s):

• On Thursday, August 27th, William Chalmers sold 654,861 shares of Lloyds Banking Group stock. The shares were sold at an average price of GBX 110, for a total transaction of £720,347.10.

Lloyds Banking Group Trading Down 0.3%

Shares of LLOY opened at GBX 108.92 on Friday. Lloyds Banking Group plc has a 12-month low of GBX 77.38 and a 12-month high of GBX 117.90. The stock has a market cap of £63.24 billion, a P/E ratio of 13.62, a PEG ratio of 1.84 and a beta of 0.91. The company has a 50-day moving average of GBX 112.56 and a two-hundred day moving average of GBX 103.81.

Lloyds Banking Group (LON:LLOY - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The financial services provider reported GBX 4.80 earnings per share for the quarter. Lloyds Banking Group had a net margin of 26.73% and a return on equity of 11.05%. As a group, analysts forecast that Lloyds Banking Group plc will post 7.3199528 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Berenberg Bank reissued a "hold" rating and issued a GBX 117 price target on shares of Lloyds Banking Group in a report on Wednesday, June 24th. Jefferies Financial Group reiterated a "buy" rating and set a GBX 125 price objective on shares of Lloyds Banking Group in a research report on Friday, July 31st. Royal Bank Of Canada boosted their target price on shares of Lloyds Banking Group from GBX 120 to GBX 124 and gave the company an "outperform" rating in a research note on Friday, July 31st. Citigroup upped their target price on shares of Lloyds Banking Group from GBX 114 to GBX 123 and gave the company a "buy" rating in a report on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 125 price target on shares of Lloyds Banking Group in a research note on Friday, July 31st. Six analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of GBX 114.20.

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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