Taxpayer stake in Lloyds Banking Group falls below 2%
- Author: Ismael Montgomery Apr 06, 2017,
Apr 06, 2017, 2:36
The UK Retail Banking segment provides banking and financial services, mortgages, and private banking services.
Revenue is the amount of money that a company actually receives during a specific period, including discounts and deductions for returned merchandise.
Several other research firms have also weighed in on LYG.
Lloyds Banking Group PLC (NYSE:LYG) has earned a consensus rating of "Hold" from the fifteen brokerages that are covering the company. Credit Suisse Group AG initiated coverage on Lloyds Banking Group PLC in a research note on Tuesday, November 29th. Lloyds Banking Group PLC now has an average rating of "Hold" and an average price target of $3.50. The latest broker reports which are now outstanding on Tuesday 4th of April state 1 analyst has a rating of "strong buy", 0 analysts "buy", 0 analysts "neutral", 0 analysts "sell" and 0 analysts "strong sell".
The stake sale is the latest in a series by the government, which said in October that it hoped to offload its remaining shares in Lloyds within a year. As of February 28th, there was short interest totalling 3,168,457 shares, a growth of 34.8% from the February 15th total of 2,350,438 shares.
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While looking the figure depicted by the Price to Earning we can suggest that the shares of Lloyds Banking Group plc (LYG) are overvalued. The Market Capitalization of the company stands at 58.84 Billion.
On Friday March 31, 2017, Berenberg released a statement about Lloyds Banking Group PLC (LON:LLOY) maintained the target price at 55.00GBX that suggested a downside of -0.19%. The stock is now trading with a distance of 20-Day Simple Moving Average (SMA20) of -1.31%. If you are viewing this news story on another site, it was illegally copied and republished in violation of USA & worldwide copyright and trademark laws.
21/12/2016 - Arbuthnot Banking Group had its "Add" rating reiterated by analysts at numis. The ex-dividend date of this dividend is Thursday, April 6th. Jane Street Group LLC acquired a new stake in Royal Bank of Scotland Group PLC during the third quarter worth about $4,731,000.
The stock grew about 16.45% in the past 5 years, this positive value indicates that the stock constantly performed well in previous years as well. American Trust Investment Advisors LLC boosted its position in Lloyds Banking Group PLC by 79.0% in the fourth quarter.
Lloyds Banking Group plc (LYG) belongs to the Financial sector with an industry focus on Foreign Money Center Banks, with Mr. Antonio Mota de Sousa Horta-Osorio as Group Chief Exec. and Exec. Director. Finally, Riverhead Capital Management LLC boosted its position in Lloyds Banking Group PLC by 2,937.6% in the third quarter. Over the last quarter, insiders have purchased 784 shares of company stock valued at $52,758. Fisher Asset Management LLC boosted its position in Lloyds Banking Group PLC by 28.5% in the third quarter. Creative Planning now owns 298,516 shares of the financial services provider's stock worth $857,000 after buying an additional 169,092 shares during the period. The Company's main business activities are retail and commercial banking, general insurance, and long-term savings, protection and investment.