William Chalmers Acquires 138,723 Shares of Lloyds Banking Group (LON:LLOY) Stock

Key Points

• William Chalmers, an insider at Lloyds Banking Group, purchased 138,723 shares at an average price of GBX 84, totaling £116,527.32 on September 19th.
• Lloyds Banking Group's stock is currently trading at GBX 81.98, down 0.2%, with a 52-week high of GBX 84.72 and a market cap of £48.64 billion.
• Several research analysts have recently adjusted price targets for LLOY, with estimates ranging from GBX 74 to GBX 103, reflecting a consensus rating of “Hold” with a target price of GBX 89.40.

Lloyds Banking Group plc (LON:LLOY - Get Free Report) insider William Chalmers purchased 138,723 shares of Lloyds Banking Group stock in a transaction on Friday, September 19th. The stock was bought at an average price of GBX 84 per share, with a total value of £116,527.32.

Lloyds Banking Group Stock Down 0.2%

LON:LLOY traded down GBX 0.16 during trading hours on Monday, reaching GBX 81.98. The company had a trading volume of 118,206,195 shares, compared to its average volume of 157,028,641. The firm has a market cap of £48.64 billion, a price-to-earnings ratio of 1,242.12, a P/E/G ratio of 1.84 and a beta of 1.23. The business's 50-day simple moving average is GBX 80.86 and its two-hundred day simple moving average is GBX 75.91. Lloyds Banking Group plc has a twelve month low of GBX 52.44 and a twelve month high of GBX 84.72.

Lloyds Banking Group (LON:LLOY - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The financial services provider reported GBX 3.80 earnings per share (EPS) for the quarter. Lloyds Banking Group had a net margin of 16.66% and a return on equity of 11.22%. As a group, equities analysts predict that Lloyds Banking Group plc will post 7.3199528 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on LLOY shares. Royal Bank Of Canada upgraded shares of Lloyds Banking Group to an "outperform" rating and set a GBX 95 price objective for the company in a report on Monday, August 4th. Citigroup lifted their price objective on shares of Lloyds Banking Group from GBX 75 to GBX 77 and gave the company a "neutral" rating in a report on Friday, August 1st. JPMorgan Chase & Co. lifted their price objective on shares of Lloyds Banking Group from GBX 85 to GBX 98 and gave the company a "neutral" rating in a report on Tuesday, September 9th. Shore Capital reiterated a "hold" rating and set a GBX 74 price objective on shares of Lloyds Banking Group in a report on Thursday, July 24th. Finally, Jefferies Financial Group raised their price target on shares of Lloyds Banking Group from GBX 92 to GBX 103 and gave the company a "buy" rating in a research report on Tuesday, August 26th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of GBX 89.40.

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.