Insider Selling: Lloyds Banking Group plc (LON:LLOY) Insider Sells 11,338 Shares of Stock

Lloyds Banking Group plc (LON:LLOY) insider William Chalmers sold 11,338 shares of the company’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of GBX 70 ($0.90), for a total transaction of £7,936.60 ($10,218.36).

Lloyds Banking Group Trading Down 0.0 %

Lloyds Banking Group stock opened at GBX 73.36 ($0.94) on Thursday. The firm has a 50 day moving average of GBX 66.14 and a 200 day moving average of GBX 59.69. The firm has a market capitalization of £44.48 billion, a price-to-earnings ratio of 9.28, a P/E/G ratio of 1.84 and a beta of 1.23. Lloyds Banking Group plc has a 12-month low of GBX 49.42 ($0.64) and a 12-month high of GBX 74.46 ($0.96).

Lloyds Banking Group (LON:LLOY) last released its quarterly earnings data 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 return on equity of 11.22% and a net margin of 16.66%. On average, analysts predict that Lloyds Banking Group plc will post 7.3199528 EPS for the current year.

Lloyds Banking Group Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have commented on LLOY shares. Shore Capital reissued a “hold” rating on shares of Lloyds Banking Group in a report on Thursday, February 20th. Citigroup boosted their target price on shares of Lloyds Banking Group from GBX 61 ($0.79) to GBX 71 ($0.91) and gave the company a “buy” rating in a research note on Thursday, March 6th. Finally, JPMorgan Chase & Co. boosted their price target on Lloyds Banking Group from GBX 62 ($0.80) to GBX 71 ($0.91) and gave the company an “underweight” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of GBX 62.40 ($0.80).

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.