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

Lloyds Banking Group plc (LON:LLOY - Get Free Report) insider William Chalmers sold 11,338 shares of Lloyds Banking Group stock in a transaction dated Friday, March 21st. The shares were sold at an average price of GBX 70 ($0.91), for a total transaction of £7,936.60 ($10,275.25).

Lloyds Banking Group Trading Down 0.5 %

Shares of LLOY traded down GBX 0.38 ($0.00) during trading hours on Friday, hitting GBX 73.62 ($0.95). 707,170,125 shares of the stock traded hands, compared to its average volume of 181,398,922. The business has a fifty day moving average of GBX 66.47 and a 200-day moving average of GBX 59.81. The firm has a market capitalization of £44.64 billion, a PE ratio of 9.31, a price-to-earnings-growth ratio of 1.84 and a beta of 1.23. Lloyds Banking Group plc has a 1-year low of GBX 49.42 ($0.64) and a 1-year high of GBX 74.46 ($0.96).

Lloyds Banking Group (LON:LLOY - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The financial services provider reported GBX 6.30 ($0.08) EPS for the quarter. Lloyds Banking Group had a net margin of 16.66% and a return on equity of 11.22%. As a group, equities research analysts expect that Lloyds Banking Group plc will post 7.3199528 earnings per share for the current fiscal year.

Lloyds Banking Group Increases Dividend

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

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Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Shore Capital reaffirmed a "hold" rating on shares of Lloyds Banking Group in a report on Thursday, February 20th. Citigroup raised their target price on Lloyds Banking Group from GBX 61 ($0.79) to GBX 71 ($0.92) and gave the company a "buy" rating in a research note on Thursday, March 6th. Finally, JPMorgan Chase & Co. upped their price target on shares of Lloyds Banking Group from GBX 62 ($0.80) to GBX 71 ($0.92) and gave the stock an "underweight" rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of GBX 62.40 ($0.81).

Lloyds Banking Group Company Profile

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.