Lloyds Banking Group (LON:LLOY) Issues Earnings Results

Key Points

• Lloyds Banking Group reported an earnings per share (EPS) of GBX 1 for the quarter along with a net margin of 16.66% and a return on equity of 11.22%.
• The company's stock price rose to GBX 85.92 during trading, with a market cap of £50.83 billion and a PE ratio of 13.02.
• Recent insider purchases totaled over 436,000 shares, indicating confidence among insiders, while analysts have varied target price adjustments, with a consensus target of GBX 90.33 for the stock.

Lloyds Banking Group (LON:LLOY - Get Free Report) announced its quarterly earnings data on Thursday. The financial services provider reported GBX 1 EPS for the quarter, Digital Look Earnings reports. Lloyds Banking Group had a net margin of 16.66% and a return on equity of 11.22%.

Lloyds Banking Group Price Performance

LLOY stock traded up GBX 1.44 during midday trading on Thursday, hitting GBX 85.92. The stock had a trading volume of 1,139,971,500 shares, compared to its average volume of 157,596,969. Lloyds Banking Group has a 12-month low of GBX 52.44 and a 12-month high of GBX 86.64. The company's 50-day moving average price is GBX 82.78 and its 200 day moving average price is GBX 77.82. The firm has a market cap of £50.83 billion, a PE ratio of 13.02, a price-to-earnings-growth ratio of 1.84 and a beta of 1.23.

Insider Activity

In related news, insider William Chalmers acquired 138,723 shares of the stock in a transaction dated Friday, September 19th. The stock was bought at an average cost of GBX 84 per share, with a total value of £116,527.32. Also, insider Chris Vogelzang acquired 50,000 shares of the stock in a transaction dated Friday, August 22nd. The shares were bought at an average cost of GBX 84 per share, with a total value of £42,000. Insiders purchased 436,717 shares of company stock valued at $36,562,228 in the last ninety days. Company insiders own 0.16% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Citigroup increased their target price on shares of Lloyds Banking Group from GBX 75 to GBX 77 and gave the company a "neutral" rating in a report on Friday, August 1st. Royal Bank Of Canada upgraded Lloyds Banking Group to an "outperform" rating and set a GBX 95 price objective for the company in a research report on Monday, August 4th. Shore Capital restated a "hold" rating and set a GBX 74 price objective on shares of Lloyds Banking Group in a research report on Monday, October 13th. JPMorgan Chase & Co. lifted their price objective on Lloyds Banking Group from GBX 85 to GBX 98 and gave the stock a "neutral" rating in a research report on Tuesday, September 9th. Finally, Jefferies Financial Group lifted their price objective on Lloyds Banking Group from GBX 103 to GBX 105 and gave the stock a "buy" rating in a research report on Wednesday, October 15th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 90.33.

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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