Lloyds Banking Group PLC to Issue Dividend of GBX 1 (LLOY)
Lloyds Banking Group PLC (LON:LLOY) declared a dividend on Thursday, July 27th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, August 10th will be paid a dividend of GBX 1 ($0.01) per share by the financial services provider on Wednesday, September 27th. This represents a dividend yield of 1.45%. The ex-dividend date is Thursday, August 10th. The official announcement can be viewed at this link.
Shares of Lloyds Banking Group PLC (LON:LLOY) traded down 2.13% on Thursday, hitting GBX 67.61. The stock had a trading volume of 92,004,292 shares. The company’s market capitalization is GBX 53.53 billion. The firm has a 50-day moving average of GBX 67.54 and a 200 day moving average of GBX 67.42. Lloyds Banking Group PLC has a 1-year low of GBX 50.68 and a 1-year high of GBX 73.58.
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In related news, insider Antonio Horta-Osorio bought 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The stock was bought at an average cost of GBX 72 ($0.94) per share, with a total value of £36,000 ($46,899.43). Insiders have purchased 55,580 shares of company stock valued at $3,975,500 over the last ninety days.
A number of equities research analysts have recently commented on the stock. UBS AG set a GBX 85 ($1.11) price target on shares of Lloyds Banking Group PLC and gave the company a “buy” rating in a report on Wednesday, June 28th. Shore Capital reiterated a “buy” rating on shares of Lloyds Banking Group PLC in a report on Thursday. Barclays PLC set a GBX 75 ($0.98) price target on shares of Lloyds Banking Group PLC and gave the company a “buy” rating in a report on Thursday, April 27th. Berenberg Bank reiterated a “sell” rating and set a GBX 55 ($0.72) price target on shares of Lloyds Banking Group PLC in a report on Friday, May 12th. Finally, Goldman Sachs Group, Inc. (The) set a GBX 58 ($0.76) price target on shares of Lloyds Banking Group PLC and gave the company a “sell” rating in a report on Saturday, May 20th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of GBX 75.26 ($0.98).
About Lloyds Banking Group PLC
Lloyds Banking Group plc is a provider of financial services to individual and business customers in the United Kingdom. The Company’s main business activities are retail and commercial banking, general insurance, and long-term savings, protection and investment. The Company’s segments are Retail, Commercial Banking, Consumer Finance, Insurance and Other.
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