Lloyds Banking Group (NYSE:LYG - Get Free Report) posted its earnings results on Thursday, May 1st. The financial services provider reported $0.11 EPS for the quarter, beating the consensus estimate 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 LYG stock traded up $0.01 during midday trading on Thursday, reaching $3.89. 16,131,607 shares of the company traded hands, compared to its average volume of 16,660,077. The firm's 50 day simple moving average is $3.74 and its two-hundred day simple moving average is $3.19. The firm 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.
Lloyds Banking Group Increases Dividend
The business also recently disclosed a semi-annual dividend, which will be paid on Friday, May 30th. Investors 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 represents a yield of 4%. This is an increase from Lloyds Banking Group's previous semi-annual dividend of $0.05. Lloyds Banking Group's payout ratio is currently 57.14%.
Wall Street Analyst Weigh In
A number of research firms have weighed in on LYG. Keefe, Bruyette & Woods cut shares of Lloyds Banking Group from an "outperform" rating to a "market perform" rating in a report on Tuesday, March 11th. StockNews.com cut shares of Lloyds Banking Group from a "hold" rating to a "sell" rating in a report on Monday. HSBC upgraded shares of Lloyds Banking Group from a "hold" rating to a "buy" rating in a research note on Tuesday, April 1st. Hsbc Global Res upgraded shares of Lloyds Banking Group to a "strong-buy" rating in a research note 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. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Lloyds Banking Group currently has a consensus rating of "Hold".
Check Out Our Latest Report on LYG
Lloyds Banking Group Company Profile
(
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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.
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