Lloyds Banking Group (LON:LLOY) Issues Quarterly Earnings Results

Lloyds Banking Group (LON:LLOY) posted its earnings results on Thursday. The financial services provider reported GBX 6.30 ($0.08) earnings per share 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 Price Performance

Shares of LON LLOY opened at GBX 66.30 ($0.84) on Friday. The company has a market cap of £40.20 billion, a PE ratio of 8.39, a price-to-earnings-growth ratio of 1.84 and a beta of 1.23. Lloyds Banking Group has a 12 month low of GBX 42.37 ($0.54) and a 12 month high of GBX 67.60 ($0.86). The company has a 50-day simple moving average of GBX 58.40 and a 200-day simple moving average of GBX 57.51.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Shore Capital restated a “hold” rating on shares of Lloyds Banking Group in a report on Thursday. Royal Bank of Canada restated a “sector perform” rating and set a GBX 60 ($0.76) target price on shares of Lloyds Banking Group in a report on Thursday, October 24th. Finally, Citigroup restated a “neutral” rating on shares of Lloyds Banking Group in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of GBX 56 ($0.71).

Insider Transactions at Lloyds Banking Group

In related news, insider William Chalmers bought 128,804 shares of the stock in a transaction that occurred on Thursday, December 19th. The stock was purchased at an average cost of GBX 54 ($0.68) per share, for a total transaction of £69,554.16 ($88,132.49). Insiders own 0.17% of the company’s stock.

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.