Lloyds Banking Group (LON:LLOY) Posts Quarterly Earnings Results

Key Points

• Lloyds Banking Group reported a quarterly earnings per share (EPS) of GBX 3.80 ($0.05), with a return on equity of 11.22% and a net margin of 16.66%.
• The stock's market capitalization stands at £47.93 billion, and its price-to-earnings (P/E) ratio is 10.00, with a recent trading price of GBX 79.04 ($1.06).
• Insiders, including CEO Charlie Nunn, have recently purchased a significant number of shares at an average price of GBX 76 ($1.02), indicating confidence in the company’s future performance.

Lloyds Banking Group (LON:LLOY - Get Free Report) issued its earnings results on Thursday. The financial services provider reported GBX 3.80 ($0.05) 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 Stock Performance

Shares of LON:LLOY traded down GBX 0.22 ($0.00) during midday trading on Wednesday, hitting GBX 79 ($1.06). 133,099,781 shares of the stock were exchanged, compared to its average volume of 154,006,484. The business's 50-day moving average price is GBX 76.79 and its 200 day moving average price is GBX 71.03. The stock has a market capitalization of £47.90 billion, a price-to-earnings ratio of 9.99, a P/E/G ratio of 1.84 and a beta of 1.23. Lloyds Banking Group has a 12 month low of GBX 52.44 ($0.70) and a 12 month high of GBX 80 ($1.07).

Insiders Place Their Bets

In related news, insider Charlie Nunn acquired 238,593 shares of the stock in a transaction on Friday, June 20th. The stock was acquired at an average price of GBX 76 ($1.01) per share, for a total transaction of £181,330.68 ($242,161.70). Also, insider William Chalmers acquired 152,181 shares of the company's stock in a transaction dated Friday, June 20th. The stock was acquired at an average cost of GBX 76 ($1.01) per share, with a total value of £115,657.56 ($154,457.21). 0.17% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Shore Capital reissued a "hold" rating and issued a GBX 74 ($0.99) price target on shares of Lloyds Banking Group in a research note on Thursday, July 24th. JPMorgan Chase & Co. lifted their price target on shares of Lloyds Banking Group from GBX 78 ($1.04) to GBX 79 ($1.06) and gave the company an "underweight" rating in a research report on Friday, July 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of GBX 67.80 ($0.91).

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.