Lloyds Banking Group (NYSE:LYG) Hits New 12-Month High - Time to Buy?

Lloyds Banking Group plc (NYSE:LYG - Get Free Report)'s stock price hit a new 52-week high on Wednesday . The company traded as high as $3.56 and last traded at $3.56, with a volume of 71166489 shares trading hands. The stock had previously closed at $3.40.

Lloyds Banking Group Stock Up 2.0 %

The business has a 50-day simple moving average of $3.00 and a two-hundred day simple moving average of $2.96. The stock has a market capitalization of $57.18 billion, a P/E ratio of 11.41 and a beta of 1.31.

Lloyds Banking Group (NYSE:LYG - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The financial services provider reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.08 by ($0.03). Lloyds Banking Group had a net margin of 11.45% and a return on equity of 8.46%. The company had revenue of $9.46 billion during the quarter, compared to the consensus estimate of $4.76 billion. On average, sell-side analysts forecast that Lloyds Banking Group plc will post 0.27 earnings per share for the current year.

Lloyds Banking Group Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, April 11th will be given a $0.1035 dividend. This represents a yield of 4%. This is a boost from Lloyds Banking Group's previous semi-annual dividend of $0.05. The ex-dividend date of this dividend is Friday, April 11th. Lloyds Banking Group's dividend payout ratio is 30.30%.

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Institutional Trading of Lloyds Banking Group

A number of large investors have recently bought and sold shares of LYG. Allspring Global Investments Holdings LLC grew its holdings in shares of Lloyds Banking Group by 41.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 105,295 shares of the financial services provider's stock worth $329,000 after purchasing an additional 30,944 shares during the last quarter. Private Advisor Group LLC grew its holdings in shares of Lloyds Banking Group by 4.6% during the third quarter. Private Advisor Group LLC now owns 221,379 shares of the financial services provider's stock worth $691,000 after purchasing an additional 9,721 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Lloyds Banking Group during the third quarter worth $71,000. Arkadios Wealth Advisors bought a new stake in shares of Lloyds Banking Group during the third quarter worth $42,000. Finally, Diversify Advisory Services LLC grew its holdings in shares of Lloyds Banking Group by 119.6% during the third quarter. Diversify Advisory Services LLC now owns 35,304 shares of the financial services provider's stock worth $113,000 after purchasing an additional 19,225 shares during the last quarter. 2.15% of the stock is currently owned by institutional investors.

About Lloyds Banking Group

Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom and internationally. It operates in three segments: Retail; Commercial Banking; and Insurance, Pensions and Investments. 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 customers.