Lloyds Banking Group (LON:LLOY) Stock Price Crosses Above Two Hundred Day Moving Average of $46.03

Lloyds Banking Group plc (LON:LLOY)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 46.03 ($0.58) and traded as high as GBX 53.12 ($0.67). Lloyds Banking Group shares last traded at GBX 52.20 ($0.66), with a volume of 90,401,599 shares traded.

Analyst Ratings Changes

LLOY has been the topic of several research reports. Shore Capital reaffirmed a “buy” rating on shares of Lloyds Banking Group in a report on Wednesday, April 24th. Peel Hunt assumed coverage on Lloyds Banking Group in a research report on Friday, April 19th. They set a “hold” rating and a GBX 55 ($0.69) price target on the stock. JPMorgan Chase & Co. boosted their price objective on Lloyds Banking Group from GBX 41 ($0.52) to GBX 45 ($0.57) and gave the company an “underweight” rating in a research note on Tuesday, April 9th. Berenberg Bank raised their target price on shares of Lloyds Banking Group from GBX 55 ($0.69) to GBX 58 ($0.73) and gave the stock a “hold” rating in a research report on Thursday, February 22nd. Finally, Keefe, Bruyette & Woods upgraded shares of Lloyds Banking Group to a “market perform” rating and set a GBX 50 ($0.63) price target for the company in a research report on Monday, February 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of GBX 55.33 ($0.70).

Lloyds Banking Group Price Performance

The company has a 50 day moving average price of GBX 50.30 and a 200 day moving average price of GBX 46.03. The firm has a market cap of £33.49 billion, a PE ratio of 652.50, a PEG ratio of 1.94 and a beta of 1.22.

Lloyds Banking Group Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Thursday, April 11th will be paid a GBX 1.84 ($0.02) dividend. This represents a dividend yield of 4.25%. The ex-dividend date is Thursday, April 11th. This is a boost from Lloyds Banking Group’s previous dividend of $0.92. Lloyds Banking Group’s dividend payout ratio (DPR) is 3,750.00%.

Insider Activity

In other news, insider Robin Budenberg acquired 1,000,000 shares of Lloyds Banking Group stock in a transaction that occurred on Friday, February 23rd. The stock was purchased at an average price of GBX 45 ($0.57) per share, for a total transaction of £450,000 ($565,255.62). In other Lloyds Banking Group news, insider Robin Budenberg bought 1,000,000 shares of Lloyds Banking Group stock in a transaction on Friday, February 23rd. The stock was bought at an average price of GBX 45 ($0.57) per share, with a total value of £450,000 ($565,255.62). Also, insider William Chalmers bought 128,118 shares of the firm’s stock in a transaction on Monday, March 25th. The shares were bought at an average price of GBX 52 ($0.65) per share, for a total transaction of £66,621.36 ($83,684.66). Insiders own 0.24% 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 and internationally. It operates in three segments: Retail; Commercial Banking; and Insurance, Pensions and Investments. 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 customers.