Lloyds Banking Group plc (NYSE:LYG – Get Rating) – Jefferies Financial Group upped their FY2024 earnings estimates for shares of Lloyds Banking Group in a research note issued on Wednesday, June 22nd. Jefferies Financial Group analyst J. Dickerson now anticipates that the financial services provider will earn $0.47 per share for the year, up from their prior forecast of $0.43. The consensus estimate for Lloyds Banking Group’s current full-year earnings is $0.34 per share. Lloyds Banking Group (NYSE:LYG – Get Rating) last issued its quarterly earnings results on Wednesday, April 27th. The financial services provider reported $0.08 EPS for the quarter, hitting the consensus estimate of $0.08. Lloyds Banking Group had a net margin of 25.36% and a return on equity of 11.10%. The firm had revenue of $5.54 billion during the quarter, compared to analyst estimates of $5.20 billion.
Other equity analysts also recently issued reports about the company. JPMorgan Chase & Co. raised their price objective on Lloyds Banking Group from GBX 60 ($0.73) to GBX 61 ($0.75) in a report on Thursday, May 19th. Barclays lowered shares of Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, April 5th. StockNews.com assumed coverage on shares of Lloyds Banking Group in a research report on Thursday, March 31st. They set a “hold” rating for the company. Royal Bank of Canada boosted their price objective on Lloyds Banking Group from GBX 44 ($0.54) to GBX 45 ($0.55) in a research note on Thursday, April 28th. Finally, UBS Group raised their target price on Lloyds Banking Group from GBX 58 ($0.71) to GBX 61 ($0.75) in a report on Thursday, April 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Lloyds Banking Group currently has an average rating of “Moderate Buy” and a consensus price target of $55.67.
Shares of LYG opened at $2.12 on Thursday. Lloyds Banking Group has a twelve month low of $2.00 and a twelve month high of $3.00. The firm has a market capitalization of $36.91 billion, a P/E ratio of 5.44, a price-to-earnings-growth ratio of 0.20 and a beta of 1.31. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.71. The stock’s fifty day simple moving average is $2.20 and its 200 day simple moving average is $2.45.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Balyasny Asset Management LLC bought a new stake in shares of Lloyds Banking Group in the 3rd quarter worth about $3,447,000. Mercer Global Advisors Inc. ADV raised its stake in Lloyds Banking Group by 15.2% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 52,667 shares of the financial services provider’s stock valued at $134,000 after buying an additional 6,942 shares in the last quarter. Cable Hill Partners LLC lifted its holdings in Lloyds Banking Group by 46.8% during the 4th quarter. Cable Hill Partners LLC now owns 31,071 shares of the financial services provider’s stock worth $79,000 after buying an additional 9,905 shares during the last quarter. Cetera Advisor Networks LLC grew its position in shares of Lloyds Banking Group by 8.8% in the 3rd quarter. Cetera Advisor Networks LLC now owns 227,387 shares of the financial services provider’s stock worth $557,000 after acquiring an additional 18,409 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its position in shares of Lloyds Banking Group by 16.9% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 392,610 shares of the financial services provider’s stock valued at $1,001,000 after acquiring an additional 56,872 shares in the last quarter. Hedge funds and other institutional investors own 1.41% of the company’s stock.
Lloyds Banking Group Company Profile (Get Rating)
Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom. It operates through three segments: Retail; Commercial Banking; and Insurance and Wealth. 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 and small business customers.
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