Lloyds Banking Group plc (LON:LLOY) Insider Charlie Nunn Purchases 281,955 Shares

Lloyds Banking Group plc (LON:LLOYGet Rating) insider Charlie Nunn bought 281,955 shares of Lloyds Banking Group stock in a transaction on Thursday, September 22nd. The stock was purchased at an average price of GBX 48 ($0.58) per share, with a total value of £135,338.40 ($163,531.17).

Lloyds Banking Group Trading Down 1.0 %

Lloyds Banking Group stock opened at GBX 47.96 ($0.58) on Friday. Lloyds Banking Group plc has a 12 month low of GBX 38.10 ($0.46) and a 12 month high of GBX 56 ($0.68). The firm has a market cap of £32.66 billion and a PE ratio of 799.33. The stock’s 50 day simple moving average is GBX 45.08 and its two-hundred day simple moving average is GBX 44.96.

Lloyds Banking Group Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, September 12th. Stockholders of record on Thursday, August 4th were given a dividend of GBX 0.80 ($0.01) per share. The ex-dividend date was Thursday, August 4th. This represents a dividend yield of 1.84%. Lloyds Banking Group’s dividend payout ratio (DPR) is 3,333.33%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on LLOY. Jefferies Financial Group set a GBX 83 ($1.00) target price on shares of Lloyds Banking Group in a report on Tuesday, September 6th. Barclays set a GBX 52 ($0.63) price objective on shares of Lloyds Banking Group in a report on Tuesday, July 12th. Royal Bank of Canada upped their price objective on shares of Lloyds Banking Group from GBX 42 ($0.51) to GBX 45 ($0.54) and gave the company an “underperform” rating in a report on Thursday, July 28th. Shore Capital restated a “buy” rating on shares of Lloyds Banking Group in a report on Wednesday, July 27th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Lloyds Banking Group from GBX 61 ($0.74) to GBX 64 ($0.77) and gave the company an “overweight” rating in a report on Tuesday, September 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Lloyds Banking Group currently has an average rating of “Moderate Buy” and an average price target of GBX 58.88 ($0.71).

About Lloyds Banking Group

(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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