In recent trading session, Lloyds Banking Group plc ADR (NYSE:LYG) saw 1.23 million shares changing hands at last check today with its beta currently measuring 1.33. Company’s recent per share price level of $3.16 trading at -$0.01 or -0.16% at last check today assigns it a market valuation of $48.62B. That most recent trading price of LYG’s stock is at a discount of -0.63% from its 52-week high price of $3.18 and is indicating a premium of 40.51% from its 52-week low price of $1.88. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 9.79 million shares which gives us an average trading volume of 10.32 million if we extend that period to 3-months.
For Lloyds Banking Group plc ADR (LYG), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.61. Splitting up the data highlights that, out of 3 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.
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Lloyds Banking Group plc ADR (NYSE:LYG) trade information
Upright in the red during last session for losing -0.16%, in the last five days LYG remained trading in the green while hitting it’s week-highest on Thursday, 09/26/24 when the stock touched $3.16 price level, adding 0.63% to its value on the day. Lloyds Banking Group plc ADR’s shares saw a change of 32.43% in year-to-date performance and have moved 1.77% in past 5-day. Lloyds Banking Group plc ADR (NYSE:LYG) showed a performance of 4.46% in past 30-days. Number of shares sold short was 12.79 million shares which calculate 1.31 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 2.75 to the stock, which implies a fall of -14.91% to its recent value today. Analysts have been projecting 2.75 as a low price target for the stock while placing it at a high target of 2.75. It follows that stock’s current price would jump 12.97% in reaching the projected high whereas dropping to the targeted low would mean a gain of 12.97% for stock’s current value.
Lloyds Banking Group plc ADR (LYG) estimates and forecasts
Statistics highlight that Lloyds Banking Group plc ADR is scoring comparatively lower than the scores of other players of the relevant industry. The company added 22.20% of value to its shares in past 6 months, showing an annual growth rate of -31.91% while that of industry is 5.40. Apart from that, the company came lowering its revenue forecast for fiscal year 2024.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 4.99% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -11.58% while estimates for its earnings growth in next 5 years are of -10.30%.
LYG Dividends
Lloyds Banking Group plc ADR is more likely to be releasing its next quarterly report in October and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 4.69%, the share has a forward dividend of 0.15 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 4.67%.
Lloyds Banking Group plc ADR (NYSE:LYG)’s Major holders
Investors also watch the number of corporate investors in a company very closely, which is 2.50% institutions for Lloyds Banking Group plc ADR that are currently holding shares of the company. MONDRIAN INVESTMENT PARTNERS LTD is the top institutional holder at LYG for having 74.72 million shares of worth $226.39 million. And as of 2024-06-30, it was holding 0.1169 of the company’s outstanding shares.
The second largest institutional holder is ARROWSTREET CAPITAL, LIMITED PARTNERSHIP, which was holding about 24.07 million shares on 2024-06-30. The number of shares represents firm’s hold over 0.0377 of outstanding shares, having a total worth of $65.7 million.
On the other hand, Dimensional ETF Tr-Dimensional International Value ETF and Dimensional ETF Tr-Dimensional International Core Equity 2 ETF are the top two Mutual Funds which own company’s shares. As of Apr 30, 2024, the former fund manager was holding 3.94 shares of worth $12.46 million or 0.03% of the total outstanding shares. The later fund manager was in possession of 3.87 shares on Apr 30, 2024, making its stake of worth around $12.23 million in the company or a holder of 0.03% of company’s stock.
