In the latest trading session, 2.28 million Lloyds Banking Group plc ADR (NYSE:LYG) shares changed hands as the company’s beta touched 1.32. With the company’s most recent per share price at $2.12 changed hands at -$0.02 or -1.17% at last look, the market valuation stands at $33.42B. LYG’s current price is a discount, trading about -24.06% off its 52-week high of $2.63. The share price had its 52-week low at $1.88, which suggests the last value was 11.32% up since then. When we look at Lloyds Banking Group plc ADR’s average trading volume, we note the 10-day average is 7.39 million shares, with the 3-month average coming to 9.70 million.
Analysts gave the Lloyds Banking Group plc ADR (LYG) stock a consensus recommendation rating of a Hold, calculated at a mean rating of 2.56. If we narrow down to specifics, the data shows that 3 out of 18 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 6 recommended LYG as a Hold, 7 felt it is a Buy and 1 rated the stock as Underweight. Lloyds Banking Group plc ADR’s EPS for the current quarter is expected to be $Leggett & Platt, Incorporated.
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Lloyds Banking Group plc ADR (NYSE:LYG) trade information
Instantly LYG was in red as seen in intraday trades today. With action 0.71%, the performance over the past five days has been green. The drop to weekly highs of 2.14 on Monday, 11/20/23 subtracted -1.17% to the stock’s daily price. The company’s shares are showing year-to-date downside of -3.86%, with the 5-day performance at 0.71% in the green. However, in the 30-day time frame, Lloyds Banking Group plc ADR (NYSE:LYG) is 7.36% up. Looking at the short shares, we see there were 12.24 million shares sold at short interest cover period of 1.1 days.
The consensus price target for the stock as assigned by Wall Street analysts is $2.76, meaning bulls need an upside of 23.19% from its recent market value. According to analyst projections, LYG’s forecast low is $1.94 with $3.89 as the target high. To hit the forecast high, the stock’s price needs a -83.49% plunge from its current level, while the stock would need to tank 8.49% for it to hit the projected low.
Lloyds Banking Group plc ADR (LYG) estimates and forecasts
Data shows that the Lloyds Banking Group plc ADR share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -8.84% over the past 6 months, a 5.56% in annual growth rate that is considerably lower than the industry average of 6.50%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 9.74%. The 2023 estimates are for Lloyds Banking Group plc ADR earnings to increase by 5.50%, but the outlook for the next 5-year period is at -10.30% per year.
LYG Dividends
Lloyds Banking Group plc ADR is expected to release its next quarterly earnings report in December. The 6.38% annual yield figure for the share gives it an annual dividend of 0.13. It is important to note, however, that the 6.38% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
Lloyds Banking Group plc ADR (NYSE:LYG)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.00% of Lloyds Banking Group plc ADR shares while 2.28% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 2.28%. There are 2.28% institutions holding the Lloyds Banking Group plc ADR stock share, with Macquarie Group Limited the top institutional holder. As of Jun 29, 2023, the company held 0.17% of the shares, roughly 26.57 million LYG shares worth $58.46 million.
Mondrian Investment Partners Ltd holds the second largest percentage of outstanding shares, with 0.17% or 26.8 million shares worth $58.95 million as of Jun 29, 2023.
Among Mutual Funds, the top two as of Jul 30, 2023 were Dimensional ETF Tr-Dimensional International Core Equity 2 ETF and Dimensional ETF Tr-Dimensional International Value ETF. With 2.69 million shares estimated at $6.15 million under it, the former controlled 0.02% of total outstanding shares. On the other hand, Dimensional ETF Tr-Dimensional International Value ETF held about 0.02% of the shares, roughly 3.71 million shares worth around $8.49 million.