Lloyds Banking Group plc ADR (LYG) Has A Promising Outlook For 2024

Lloyds Banking Group plc ADR (NYSE:LYG) has a beta value of 1.33 and has seen 3.83 million shares traded in the recent trading session. The company, currently valued at $47.75B, closed the recent trade at $3.11 per share which meant it lost -$0.04 on the day or -1.43% during that session. The LYG stock price is -1.93% off its 52-week high price of $3.17 and 39.55% above the 52-week low of $1.88. If we look at the company’s 10-day average daily trading volume, we find that it stood at 12.26 million shares traded. The 3-month trading volume is 10.25 million shares.

The consensus among analysts is that Lloyds Banking Group plc ADR (LYG) is Buy stock at the moment, with a recommendation rating of 2.61. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 3 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.

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Lloyds Banking Group plc ADR (NYSE:LYG) trade information

Sporting -1.43% in the red today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the LYG stock price touched $3.11 or saw a rise of 1.89%. Year-to-date, Lloyds Banking Group plc ADR shares have moved 29.92%, while the 5-day performance has seen it change 1.14%. Over the past 30 days, the shares of Lloyds Banking Group plc ADR (NYSE:LYG) have changed -0.16%. Short interest in the company has seen 10.18 million shares shorted with days to cover at 1.24.

Wall Street analysts have a consensus price target for the stock at $2.75, which means that the shares’ value could drop -13.09% from the levels at last check today. The projected low price target is $2.75 while the price target rests at a high of $2.75. In that case, then, we find that the latest price level in today’s session is 11.58% off the targeted high while a plunge would see the stock lose 11.58% from the levels at last check today.

Lloyds Banking Group plc ADR (LYG) estimates and forecasts

Figures show that Lloyds Banking Group plc ADR shares have underperformed across the wider relevant industry. The company’s shares have gained 20.35% over the past 6 months, with this year growth rate of -31.91%, compared to 5.50% for the industry. Revenue growth from the last financial year stood is estimated to be 3.60%.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 4.99% over the past 5 years. Earnings growth for 2024 is a modest -11.67% while over the next 5 years, the company’s earnings are expected to decrease by -10.30%.

LYG Dividends

Lloyds Banking Group plc ADR is expected to release its next earnings report in October this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.15 at a share yield of 4.78%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 4.67%.

Lloyds Banking Group plc ADR (NYSE:LYG)’s Major holders

Investors are also buoyed by the number of investors in a company, with Lloyds Banking Group plc ADR having a total of 475.0 institutions that hold shares in the company. The top two institutional holders are MONDRIAN INVESTMENT PARTNERS LTD with over 74.72 million shares worth more than $226.39 million. As of 2024-06-30, MONDRIAN INVESTMENT PARTNERS LTD held 0.1169% of shares outstanding.

The other major institutional holder is ARROWSTREET CAPITAL, LIMITED PARTNERSHIP, with the holding of over 24.07 million shares as of 2024-06-30. The firm’s total holdings are worth over $65.7 million and represent 0.0377% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Dimensional ETF Tr-Dimensional International Value ETF and Dimensional ETF Tr-Dimensional International Core Equity 2 ETF. As of Apr 30, 2024, the former fund manager holds about 0.03% shares in the company for having 3.94 shares of worth $12.21 million while later fund manager owns 3.87 shares of worth $11.98 million as of Apr 30, 2024, which makes it owner of about 0.03% of company’s outstanding stock.