In today’s recent session, 3.15 million shares of the Lloyds Banking Group plc ADR (NYSE:LYG) have been traded, and its beta is 1.33. Most recently the company’s share price was $2.78, and it changed around -$0.05 or -1.94% from the last close, which brings the market valuation of the company to $42.26B. LYG at last check was trading at a discount to its 52-week high of $3.24, offering almost -16.55% off that amount. The share price’s 52-week low was $2.00, which indicates that the recent value has risen by an impressive 28.06% since then. We note from Lloyds Banking Group plc ADR’s average daily trading volume that its 10-day average is 9.22 million shares, with the 3-month average coming to 10.54 million.
Lloyds Banking Group plc ADR stock received a consensus recommendation rating of Sell, based on a mean score of 2.59. If we narrow it down even further, the data shows that 1 out of 2 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended LYG as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight.
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Lloyds Banking Group plc ADR (NYSE:LYG) trade information
Instantly LYG has been showing red trend so far today with a performance of -1.94% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 2.85 on recent trading dayincreased the stock’s daily price by 2.46%. The company’s shares are currently up 16.11% year-to-date, but still up 1.28% over the last five days. On the other hand, Lloyds Banking Group plc ADR (NYSE:LYG) is -12.74% down in the 30-day period. We can see from the shorts that 13.57 million shares have been sold at a short interest cover period of 1.22 day(s).
The consensus price target as assigned by Wall Street analysts is $2.75, which translates to bulls needing to decrease their stock price by -1.09% from its current value. Analyst projections state that LYG is forecast to be at a low of $2.75 and a high of $2.75.
Lloyds Banking Group plc ADR (LYG) estimates and forecasts
Lloyds Banking Group plc ADR share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -1.94 percent over the past six months and at a -31.91% annual growth rate that is well below the industry average of 5.10%. The year-over-year growth rate is expected to be -5.62%, down from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 4.64B in revenue for the current quarter. 1 analysts expect Lloyds Banking Group plc ADR to make 4.67B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 4.6B and 4.52B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 0.78%. Forecasts for the next quarter put sales growth at 3.12%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 4.99%. Lloyds Banking Group plc ADR earnings are expected to increase by -6.49% in 2024, but the outlook is negative -10.30% per year for the next five years.
LYG Dividends
Lloyds Banking Group plc ADR’s next quarterly earnings report is expected to be released in December. The annual dividend yield of the stock is 5.35 percent and its annual dividend per share was 0.15. It is important to note, however, that the 5.35% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 4.67 per year.
Lloyds Banking Group plc ADR (NYSE:LYG)’s Major holders
Upon looking at major shareholders, 2.67% of them are in the hands of institutional investors. The stock currently has a share float of 2.67%. Lloyds Banking Group plc ADR stock is held by 477.0 institutions, with MONDRIAN INVESTMENT PARTNERS LTD being the largest institutional investor. By 2024-06-30, it held 0.1169% of the shares, which is about 74.72 million shares worth $226.39 million.
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP, with 0.0377% or 24.07 million shares worth $65.7 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
