Lloyds Banking Group Insider Sells Shares

On March 21st, an insider at Lloyds Banking Group plc (LON:LLOY) named William Chalmers sold 11,338 shares of the company's stock. The sale was executed at an average price of GBX 70 (approximately $0.90), amounting to a total value of £7,936.60 (around $10,248.71).

Stock Performance of Lloyds Banking Group

In midday trading on Monday, Lloyds Banking Group's shares were up by GBX 1.78 (about $0.02), reaching a value of GBX 72.36 (approximately $0.93). During this trading session, 100,420,836 shares changed hands, which is lower than the average volume of 174,597,375 shares. Over the last year, the stock has experienced a low of GBX 49.42 (around $0.64) and a high of GBX 74.46 (approximately $0.96). Currently, the stock's fifty-day simple moving average stands at GBX 65.04, while its 200-day simple moving average is at GBX 59.38. The company has a market capitalization of £43.88 billion, a price-to-earnings (P/E) ratio of 9.15, a price/earnings to growth (PEG) ratio of 1.84, and a beta of 1.23.

Lloyds Banking Group Dividend Announcement

Recently, Lloyds Banking Group announced a dividend payment, which is scheduled to be distributed on May 20th. Shareholders registered as of April 10th will receive a dividend of GBX 2.11 (about $0.03). This information marks an increase from the previous dividend of £1.06. The current dividend yield stands at 3.01%, with a payout ratio of 37.95%.

Changes in Analyst Ratings

In relation to analyst ratings, several financial analysts have provided updates regarding Lloyds Banking Group's stock. Citigroup raised their price target on the shares from GBX 61 ($0.79) to GBX 71 ($0.92), issuing a "buy" rating in a report published on March 6th. Shore Capital maintained a "hold" rating in their analysis on February 20th, while JPMorgan Chase & Co. increased their price target from GBX 55 ($0.71) to GBX 62 ($0.80), giving the stock an "underweight" rating on February 25th. Overall, one analyst rated the stock as a sell, four suggested holding, and one recommended buying. The consensus rating for Lloyds Banking Group stock is "Hold", with an average price target of GBX 60.60 (about $0.78).

About Lloyds Banking Group

Lloyds Banking Group is recognized as the largest retail and commercial financial services provider in the UK, with a customer base exceeding 25 million across various communities. Its primary operations include retail and commercial banking, general insurance, and long-term savings, all delivered through a comprehensive branch network and a digital banking platform, featuring well-known brands such as Lloyds Bank, Halifax, Bank of Scotland, and Scottish Widows. The company's shares are publicly traded on both the London and New York stock exchanges, and it is ranked among the largest companies in the FTSE 100 index.

Lloyds, Stock, Dividend