Lloyds Banking Group (LON:LLOY) Posts Earnings Results

Key Points

• Lloyds reported quarterly earnings of GBX 6.30 EPS, with a net margin of 16.66% and a return on equity of 11.22%.
• Insiders — including CEO Charlie Nunn (217,494 shares) and William Chalmers (138,723 shares) — bought stock at GBX 84, with corporate insiders owning 0.16% of shares.
• Analysts are mixed but the consensus rating is a Moderate Buy with a target of GBX 98.50 and recent price-target upgrades up to GBX 110; the stock trades near GBX 94 with a PE of 16.5 and a market cap of £55.31bn.

Lloyds Banking Group (LON:LLOY - Get Free Report) announced its quarterly earnings results on Thursday. The financial services provider reported GBX 6.30 earnings per share (EPS) for the quarter, 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 opened at GBX 94.06 on Thursday. The business's fifty day moving average price is GBX 89.33 and its two-hundred day moving average price is GBX 82.76. The stock has a market cap of £55.31 billion, a PE ratio of 16.50, a price-to-earnings-growth ratio of 1.84 and a beta of 1.23. Lloyds Banking Group has a one year low of GBX 52.44 and a one year high of GBX 97.74.

Insider Buying and Selling at Lloyds Banking Group

In related news, insider Charlie Nunn acquired 217,494 shares of the firm's stock in a transaction that occurred on Friday, September 19th. The shares were acquired at an average price of GBX 84 per share, with a total value of £182,694.96. Also, insider William Chalmers acquired 138,723 shares of the company's stock in a transaction that occurred on Friday, September 19th. The shares were bought at an average price of GBX 84 per share, with a total value of £116,527.32. 0.16% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of Lloyds Banking Group from GBX 100 to GBX 102 and gave the stock a "neutral" rating in a research report on Tuesday, December 2nd. Keefe, Bruyette & Woods reissued an "outperform" rating and set a GBX 93 price target on shares of Lloyds Banking Group in a research note on Friday, October 10th. Royal Bank Of Canada upped their price target on Lloyds Banking Group from GBX 100 to GBX 110 and gave the stock an "outperform" rating in a report on Tuesday, October 28th. Citigroup lifted their price objective on Lloyds Banking Group from GBX 84 to GBX 97 and gave the stock a "neutral" rating in a report on Monday, December 1st. Finally, Shore Capital reiterated a "hold" rating and set a GBX 84 target price on shares of Lloyds Banking Group in a research report on Wednesday, November 19th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Lloyds Banking Group currently has an average rating of "Moderate Buy" and a consensus target price of GBX 98.50.

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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