Lloyds Banking Group (NYSE:LYG - Get Free Report) announced its quarterly earnings results on Thursday. The financial services provider reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.08 by $0.03, Zacks reports. Lloyds Banking Group had a return on equity of 8.46% and a net margin of 11.45%. The firm had revenue of $5.91 billion for the quarter, compared to the consensus estimate of $4.78 billion.
Lloyds Banking Group Stock Performance
Shares of Lloyds Banking Group stock opened at $3.76 on Friday. The stock has a market cap of $56.89 billion, a P/E ratio of 11.39 and a beta of 0.95. The stock's fifty day moving average is $3.73 and its 200 day moving average is $3.18. Lloyds Banking Group has a one year low of $2.56 and a one year high of $4.00.
Lloyds Banking Group Increases Dividend
The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, April 11th will be given a dividend of $0.1035 per share. This is an increase from Lloyds Banking Group's previous semi-annual dividend of $0.05. The ex-dividend date is Friday, April 11th. This represents a dividend yield of 4%. Lloyds Banking Group's payout ratio is presently 60.61%.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on LYG shares. HSBC upgraded shares of Lloyds Banking Group from a "hold" rating to a "buy" rating in a research note on Tuesday, April 1st. Keefe, Bruyette & Woods downgraded shares of Lloyds Banking Group from an "outperform" rating to a "market perform" rating in a research report on Tuesday, March 11th. Hsbc Global Res raised shares of Lloyds Banking Group to a "strong-buy" rating in a research report on Thursday, March 20th. Finally, Morgan Stanley raised Lloyds Banking Group from an "equal weight" rating to an "overweight" rating in a report on Tuesday, March 4th. Six research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Lloyds Banking Group currently has a consensus rating of "Moderate Buy".
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About Lloyds Banking Group
(
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Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom and internationally. It operates in three segments: Retail; Commercial Banking; and Insurance, Pensions and Investments. The Retail segment offers a range of financial service products, including current accounts, savings, mortgages, motor finance, unsecured loans, leasing solutions, and credit cards to personal customers.
Further Reading
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