Lloyds Banking Group (NYSE:LYG) hits a new 1-year high of $3.13

Shares of Lloyds Banking Group plc (NYSE:LYG – Get Free Report ) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $3.13 and last traded at $3.12, with a volume of 6759215 shares traded. Shares previously closed at $3.04.

The Wall Street analyst weighs in

Several analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Lloyds Banking Group in a research report on Thursday, May 9th. They issued a “buy” rating for the company. UBS Group reiterated a “neutral” rating on shares of Lloyds Banking Group in a report on Tuesday, July 30th. Royal Bank of Canada lowered shares of Lloyds Banking Group from an “outperform” rating to a “sector perform” rating in a report on Friday, July 26th. Citigroup downgraded shares of Lloyds Banking Group from a “buy” rating to a “neutral” rating in a research note on Monday, August 5th. Finally, BNP Paribas upgraded shares of Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a report on Friday, July 5th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $32.38, according to MarketBeat.com.

Read our latest report on Lloyds Banking Group

Lloyds Banking Group Price Performance

The company has a market cap of $48.92 billion, a PE ratio of 8.24 and a beta of 1.35. The company has a 50-day moving average of $2.92 and a 200-day moving average of $2.67. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.45, and a quick ratio of 1.48.

Lloyds Banking Group (NYSE:LYG – Get Your Free Report ) last posted its earnings results on Thursday, July 25th. The financial services provider reported $0.09 EPS for the quarter. The firm had revenue of $9.55 billion during the quarter. Lloyds Banking Group had a net margin of 12.40% and a return on equity of 10.34%. As a group, research analysts anticipate that Lloyds Banking Group plc will post 0.32 EPS for the current year.

Lloyds Banking Group has increased its dividend

The company also recently disclosed a semiannual dividend, which will be paid on Friday, September 20th. Stockholders of record on Monday, August 5th will be given a dividend of $0.0546 per share. This represents a yield of 4.4%. This is an increase on Lloyds Banking Group’s previous semi-annual dividend of $0.05. The ex-dividend date of this dividend is Monday, August 5. Lloyds Banking Group’s payout ratio is currently 26.32%.

Institutional inputs and outputs

Institutional investors have recently made changes to their positions in the company. TCG Advisory Services LLC bought a new stake in shares of Lloyds Banking Group during the fourth quarter valued at approximately $25,000. Atria Wealth Solutions Inc. purchased a new stake in shares of Lloyds Banking Group in the 4th quarter valued at approximately $26,000. D Orazio & Associates Inc. bought a new position in shares of Lloyds Banking Group in the 4th quarter valued at about $26,000. Headlands Technologies LLC acquired a new position in Lloyds Banking Group during the 4th quarter valued at approximately $27,000. Finally, Choreo LLC bought a new stake in Lloyds Banking Group in the fourth quarter valued at approximately $27,000. Institutional investors own 2.15% of the company’s shares.

About Lloyds Banking Group

(Get a free report)

Lloyds Banking Group plc, together with its subsidiaries, provides a wide range of banking and financial services in the United Kingdom and internationally. It operates in three segments: Retail; Commercial Bank; and Insurance, Pensions and Investments. The Retail segment offers a wide range of financial services products, including checking accounts, savings, mortgages, auto finance, unsecured loans, leasing solutions and credit cards for personal customers.

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