Lloyds Banking Group (LON:LLOY) Announces Earnings Results

Lloyds Banking Group (LON:LLOY) issued its earnings results on Thursday. The financial services provider reported GBX 6.30 ($0.08) EPS for the quarter, reports. Lloyds Banking Group had a net margin of 16.66% and a return on equity of 11.22%.

Lloyds Banking Group Stock Up 4.8 %

LLOY traded up GBX 3 ($0.04) during trading on Thursday, hitting GBX 65.84 ($0.83). 1,282,569,125 shares of the company’s stock were exchanged, compared to its average volume of 172,847,656. The business’s 50 day moving average is GBX 58.14 and its two-hundred day moving average is GBX 57.47. Lloyds Banking Group has a fifty-two week low of GBX 42.37 ($0.53) and a fifty-two week high of GBX 67.60 ($0.85). The stock has a market cap of £39.92 billion, a P/E ratio of 8.33, a PEG ratio of 1.84 and a beta of 1.23.

Insiders Place Their Bets

In other Lloyds Banking Group news, insider William Chalmers acquired 128,804 shares of the stock in a transaction on Thursday, December 19th. The shares were purchased at an average price of GBX 54 ($0.68) per share, for a total transaction of £69,554.16 ($87,522.54). Corporate insiders own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on LLOY shares. Royal Bank of Canada reiterated a “sector perform” rating and set a GBX 60 ($0.76) price objective on shares of Lloyds Banking Group in a research report on Thursday, October 24th. Citigroup reiterated a “neutral” rating on shares of Lloyds Banking Group in a research report on Thursday, October 24th. Finally, Shore Capital reiterated a “hold” rating on shares of Lloyds Banking Group in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of GBX 56 ($0.70).

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.