Lloyds Banking Group (NYSE:LYG - Get Free Report) released its earnings results on Thursday, May 1st. The financial services provider reported $0.11 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $4.78 billion.
Lloyds Banking Group Price Performance
Shares of Lloyds Banking Group stock traded up $0.01 during midday trading on Thursday, hitting $3.89. The company had a trading volume of 16,611,658 shares, compared to its average volume of 16,663,304. The stock has a market cap of $58.86 billion, a PE ratio of 11.79 and a beta of 0.97. Lloyds Banking Group has a 1-year low of $2.56 and a 1-year high of $4.00. The business's 50 day simple moving average is $3.74 and its two-hundred day simple moving average is $3.19.
Lloyds Banking Group Increases Dividend
The firm also recently declared a semi-annual dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, April 11th will be issued a dividend of $0.1035 per share. The ex-dividend date is Friday, April 11th. This is a positive change from Lloyds Banking Group's previous semi-annual dividend of $0.05. This represents a dividend yield of 4%. Lloyds Banking Group's payout ratio is 57.14%.
Wall Street Analysts Forecast Growth
LYG has been the subject of a number of recent research reports. Keefe, Bruyette & Woods downgraded Lloyds Banking Group from an "outperform" rating to a "market perform" rating in a research report on Tuesday, March 11th. Morgan Stanley upgraded Lloyds Banking Group from an "equal weight" rating to an "overweight" rating in a research report on Tuesday, March 4th. StockNews.com downgraded shares of Lloyds Banking Group from a "hold" rating to a "sell" rating in a research report on Monday. HSBC raised shares of Lloyds Banking Group from a "hold" rating to a "buy" rating in a research note on Tuesday, April 1st. Finally, Hsbc Global Res upgraded Lloyds Banking Group to a "strong-buy" rating in a report on Thursday, March 20th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold".
Read Our Latest Research Report on Lloyds Banking Group
About Lloyds Banking Group
(
Get Free Report)
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.
Read More
Before you consider Lloyds Banking Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lloyds Banking Group wasn't on the list.
While Lloyds Banking Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
