Lloyds Banking Group plc (LON:LLOY) Insider William Chalmers Sells 11,338 Shares

Lloyds Banking Group plc (LON:LLOY) insider William Chalmers sold 11,338 shares of Lloyds Banking Group stock in a transaction dated Friday, March 21st. The stock was sold at an average price of GBX 70 ($0.90), for a total value of £7,936.60 ($10,248.71).

Lloyds Banking Group Trading Up 2.5 %

LON LLOY traded up GBX 1.78 ($0.02) on Monday, reaching GBX 72.36 ($0.93). 100,420,836 shares of the company were exchanged, compared to its average volume of 174,597,375. The business’s fifty day moving average price is GBX 65.04 and its 200 day moving average price is GBX 59.38. The stock has a market capitalization of £43.88 billion, a P/E ratio of 9.15, a price-to-earnings-growth ratio of 1.84 and a beta of 1.23. Lloyds Banking Group plc has a fifty-two week low of GBX 49.42 ($0.64) and a fifty-two week high of GBX 74.46 ($0.96).

Lloyds Banking Group (LON:LLOY) last announced its quarterly earnings results on Thursday, February 20th. The financial services provider reported GBX 6.30 ($0.08) earnings per share for the quarter. Lloyds Banking Group had a net margin of 16.66% and a return on equity of 11.22%. Equities research analysts forecast that Lloyds Banking Group plc will post 7.3199528 earnings per share for the current year.

Lloyds Banking Group Increases Dividend

The company also recently declared a dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Thursday, April 10th will be paid a GBX 2.11 ($0.03) dividend. This is a boost from Lloyds Banking Group’s previous dividend of $1.06. The ex-dividend date is Thursday, April 10th. This represents a dividend yield of 3.01%. Lloyds Banking Group’s dividend payout ratio is 37.95%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their target price on Lloyds Banking Group from GBX 55 ($0.71) to GBX 62 ($0.80) and gave the company an “underweight” rating in a research report on Tuesday, February 25th. Citigroup raised their price objective on Lloyds Banking Group from GBX 61 ($0.79) to GBX 71 ($0.92) and gave the company a “buy” rating in a report on Thursday, March 6th. Finally, Shore Capital reaffirmed a “hold” rating on shares of Lloyds Banking Group in a report on Thursday, February 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of GBX 60.60 ($0.78).

Lloyds Banking Group Company Profile

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.