Lloyds Banking Group plc (NYSE:LYG – Get Rating) was the recipient of a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 5,120,000 shares, a decline of 25.7% from the November 30th total of 6,890,000 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 9,920,000 shares, the days-to-cover ratio is currently 0.5 days.
Lloyds Banking Group Stock Down 0.9 %
Shares of LYG stock traded down $0.02 on Monday, hitting $2.20. The company had a trading volume of 294,161 shares, compared to its average volume of 11,542,402. The firm has a market cap of $37.00 billion, a P/E ratio of 7.59, a price-to-earnings-growth ratio of 5.04 and a beta of 1.26. The company has a 50-day moving average price of $2.12 and a 200-day moving average price of $2.07. Lloyds Banking Group has a twelve month low of $1.70 and a twelve month high of $3.00.
Lloyds Banking Group (NYSE:LYG – Get Rating) last issued its quarterly earnings data on Thursday, October 27th. The financial services provider reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08. Lloyds Banking Group had a return on equity of 8.41% and a net margin of 17.87%. The business had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $4.97 billion. Equities research analysts expect that Lloyds Banking Group will post 0.35 EPS for the current year.
Wall Street Analyst Weigh In
LYG has been the subject of a number of research reports. Morgan Stanley cut Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a research report on Monday, October 17th. JPMorgan Chase & Co. cut Lloyds Banking Group from an “overweight” rating to a “neutral” rating in a research report on Tuesday, December 6th. Royal Bank of Canada raised Lloyds Banking Group from an “underperform” rating to an “outperform” rating in a research report on Friday, November 25th. Keefe, Bruyette & Woods cut Lloyds Banking Group from an “outperform” rating to an “underperform” rating in a research report on Wednesday, October 19th. Finally, Barclays lowered their price target on Lloyds Banking Group from GBX 55 ($0.66) to GBX 50 ($0.60) in a research report on Thursday, October 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $58.38.
Hedge Funds Weigh In On Lloyds Banking Group
Several institutional investors and hedge funds have recently modified their holdings of LYG. Childress Capital Advisors LLC purchased a new position in shares of Lloyds Banking Group in the 2nd quarter valued at about $25,000. Straight Path Wealth Management purchased a new position in shares of Lloyds Banking Group in the 2nd quarter valued at about $26,000. Ronald Blue Trust Inc. purchased a new position in shares of Lloyds Banking Group in the 2nd quarter valued at about $26,000. Stratos Wealth Partners LTD. purchased a new position in shares of Lloyds Banking Group in the 3rd quarter valued at about $26,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Lloyds Banking Group by 380.7% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 14,026 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 11,108 shares in the last quarter. Hedge funds and other institutional investors own 2.15% of the company’s stock.
Lloyds Banking Group Company Profile
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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