Lloyds Banking Group PLC (NYSE:LYG - Get Free Report)'s stock price reached a new 52-week high on Monday . The company traded as high as $4.44 and last traded at $4.43, with a volume of 356262 shares. The stock had previously closed at $4.40.
Analyst Ratings Changes
Several equities research analysts have weighed in on LYG shares. Morgan Stanley reissued an "overweight" rating on shares of Lloyds Banking Group in a report on Monday, August 4th. Wall Street Zen raised shares of Lloyds Banking Group from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Keefe, Bruyette & Woods raised shares of Lloyds Banking Group from a "hold" rating to a "moderate buy" rating in a research report on Thursday, July 17th. JPMorgan Chase & Co. raised shares of Lloyds Banking Group from an "underweight" rating to a "neutral" rating in a research report on Friday, August 1st. Finally, Royal Bank Of Canada raised shares of Lloyds Banking Group from a "sector perform" rating to an "outperform" rating in a research report on Monday, August 4th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Lloyds Banking Group currently has a consensus rating of "Moderate Buy".
Read Our Latest Analysis on LYG
Lloyds Banking Group Price Performance
The company has a current ratio of 1.44, a quick ratio of 0.53 and a debt-to-equity ratio of 1.68. The firm's fifty day moving average price is $4.21 and its 200 day moving average price is $3.85. The firm has a market capitalization of $66.55 billion, a PE ratio of 11.09, a P/E/G ratio of 0.68 and a beta of 1.05.
Lloyds Banking Group (NYSE:LYG - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The financial services provider reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.04. Lloyds Banking Group had a net margin of 17.51% and a return on equity of 9.28%. The business had revenue of $6.13 billion during the quarter, compared to analysts' expectations of $4.86 billion. As a group, equities analysts forecast that Lloyds Banking Group PLC will post 0.27 earnings per share for the current year.
Lloyds Banking Group Cuts Dividend
The firm also recently announced a semi-annual dividend, which will be paid on Friday, September 19th. Shareholders of record on Monday, August 4th will be issued a dividend of $0.0655 per share. This represents a yield of 370.0%. The ex-dividend date is Monday, August 4th. Lloyds Banking Group's dividend payout ratio (DPR) is 30.00%.
Hedge Funds Weigh In On Lloyds Banking Group
Hedge funds have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Lloyds Banking Group by 119.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 125,225 shares of the financial services provider's stock worth $341,000 after purchasing an additional 68,064 shares during the last quarter. Northern Trust Corp lifted its position in Lloyds Banking Group by 34.7% during the fourth quarter. Northern Trust Corp now owns 15,604,325 shares of the financial services provider's stock valued at $42,444,000 after buying an additional 4,021,039 shares in the last quarter. Millennium Management LLC lifted its position in Lloyds Banking Group by 225.0% during the fourth quarter. Millennium Management LLC now owns 7,098,940 shares of the financial services provider's stock valued at $19,309,000 after buying an additional 4,914,680 shares in the last quarter. Townsquare Capital LLC lifted its position in Lloyds Banking Group by 4.2% during the first quarter. Townsquare Capital LLC now owns 1,596,132 shares of the financial services provider's stock valued at $6,097,000 after buying an additional 64,952 shares in the last quarter. Finally, Perigon Wealth Management LLC lifted its position in Lloyds Banking Group by 4.5% during the first quarter. Perigon Wealth Management LLC now owns 61,411 shares of the financial services provider's stock valued at $235,000 after buying an additional 2,617 shares in the last quarter. 2.15% of the stock is currently owned by hedge funds and other institutional investors.
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.
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