Lloyds Banking Group plc ADR (NYSE:LYG)’s traded shares stood at 3.94 million during the latest session, with the company’s beta value hitting 1.31. At the last check today, the stock’s price was $2.72, to imply an increase of 1.68% or $0.04 in intraday trading. The LYG share’s 52-week high remains $3.24, putting it -19.12% down since that peak but still an impressive 26.47% since price per share fell to its 52-week low of $2.00. The company has a valuation of $41.25B, with an average of 9.26 million shares in intraday trading volume over the past 10 days and average of 10.68 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Lloyds Banking Group plc ADR (LYG), translating to a mean rating of 2.61. Of 3 analyst(s) looking at the stock, 0 analyst(s) give LYG a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 3 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.
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Lloyds Banking Group plc ADR (NYSE:LYG) trade information
After registering a 1.68% upside in the latest session, Lloyds Banking Group plc ADR (LYG) has traded red over the past five days. The 5-day price performance for the stock is 1.68%, and -4.39% over 30 days. With these gigs, the year-to-date price performance is 14.02%. Short interest in Lloyds Banking Group plc ADR (NYSE:LYG) saw shorts transact 8.19 million shares and set a 0.8 days time to cover.
The extremes give us $2.75 and $2.75 for target low and target high price respectively. As such, LYG has been trading -1.1% off suggested target high and -1.1% from its likely low.
Lloyds Banking Group plc ADR (LYG) estimates and forecasts
Looking at statistics comparing Lloyds Banking Group plc ADR share performance against respective industry, we note that the company has underperformed competitors. Lloyds Banking Group plc ADR (LYG) shares are -3.71% down over the last 6 months, with its year-to-date growth rate lower than industry average at -31.91% against 6.00%. The rating firms project that company’s revenue will shrink -5.61% compared to the previous financial year.
Revenue forecast for the current quarter as set by 1 analysts is 4.64B. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 4.67B.Earnings reports from the last fiscal year show that sales brought in 4.6B and 4.52B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 0.78% before jumping 3.12% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 4.99% for the past 5-year period. While 2024 is set for a -6.77% return in earnings, projections for the next 5 years are at -10.30% annually.
LYG Dividends
Lloyds Banking Group plc ADR has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Lloyds Banking Group plc ADR has a forward dividend ratio of 0.15, with the share yield ticking at 5.45% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 4.67%.
Lloyds Banking Group plc ADR (NYSE:LYG)’s Major holders
In total, 2.68% institutions holds shares in the company, led by MONDRIAN INVESTMENT PARTNERS LTD. As of 2024-06-30, the company held over 74.72 million shares (or 0.1169% of shares), all amounting to roughly $226.39 million.
The next major institution holding the largest number of shares is ARROWSTREET CAPITAL, LIMITED PARTNERSHIP with 24.07 million shares, or about 0.0377% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $65.7 million.
We also have Dimensional ETF Tr-Dimensional International Value ETF and Dimensional ETF Tr-Dimensional International Core Equity 2 ETF as the top two Mutual Funds with the largest holdings of the Lloyds Banking Group plc ADR (LYG) shares. Going by data provided on Jul 31, 2024, Dimensional ETF Tr-Dimensional International Value ETF holds roughly 4.09 shares. This is just over 0.03% of the total shares, with a market valuation of $11.13 million. Data from the same date shows that the other fund manager holds a little less at 3.93, or 0.03% of the shares, all valued at about 10.68 million.
