Lloyds Banking Group plc (NYSE: LYG) Stock: Will It Keep Climbing Higher?

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In today’s recent session, 2.01 million shares of the Lloyds Banking Group plc (NYSE:LYG) have been traded, and its beta is 1.46. Most recently the company’s share price was $2.60, and it changed around -$0.03 or -1.33% from the last close, which brings the market valuation of the company to $48.52B. LYG at last check was trading at a discount to its 52-week high of $2.83, offering almost -8.85% off that amount. The share price’s 52-week low was $1.72, which indicates that the recent value has risen by an impressive 33.85% since then. We note from Lloyds Banking Group plc’s average daily trading volume that its 10-day average is 6.6 million shares, with the 3-month average coming to 6.79 million.

Lloyds Banking Group plc stock received a consensus recommendation rating of an Overweight, based on a mean score of 4.00. If we narrow it down even further, the data shows that 0 out of 22 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 5 recommended LYG as a Hold, whereas 13 deemed it a Buy, and 1 rated it as Underweight. Lloyds Banking Group plc is expected to report earnings per share of $0 for the current quarter.

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Instantly LYG has been showing red trend so far today with a performance of -1.33% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 2.66 on Tuesday, 11/23/21 increased the stock’s daily price by 2.26%. The company’s shares are currently up 34.18% year-to-date, but still down -0.38% over the last five days. On the other hand, Lloyds Banking Group plc (NYSE:LYG) is -1.87% down in the 30-day period. We can see from the shorts that 2.03 million shares have been sold at a short interest cover period of 0.27 day(s).

The consensus price target as assigned by Wall Street analysts is $3.18, which translates to bulls needing to increase their stock price by 18.24% from its current value. Analyst projections state that LYG is forecast to be at a low of $2.32 and a high of $3.64. In order for the stock price to hit the forecast high, the stock would need to plunge -40.0% from its current level, while the stock would need to crash 10.77% from its current level to reach the projected low.

Lloyds Banking Group plc (LYG) estimates and forecasts

Lloyds Banking Group plc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -2.95 percent over the past six months and at a 275.00% annual growth rate that is well above the industry average of 27.60%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 10.00%. Lloyds Banking Group plc earnings are expected to increase by -64.80% in 2021, but the outlook is negative -10.30% per year for the next five years.

LYG Dividends

Lloyds Banking Group plc’s next quarterly earnings report is expected to be released in December. The annual dividend yield of the stock is 2.66 percent and its annual dividend per share was 0.07. It is important to note, however, that the 2.66% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.

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

Upon looking at major shareholders, it appears that insiders hold 0.00% of Lloyds Banking Group plc shares, and 1.42% of them are in the hands of institutional investors. The stock currently has a share float of 1.42%. Lloyds Banking Group plc stock is held by 281 institutions, with JP Morgan Chase & Company being the largest institutional investor. By Sep 29, 2021, it held 0.22% of the shares, which is about 38.38 million shares worth $94.04 million.

Macquarie Group Limited, with 0.18% or 32.59 million shares worth $79.85 million as of Sep 29, 2021, holds the second largest percentage of outstanding shares.

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DFA International Value Series and Avantis International Equity ETF were the top two Mutual Funds as of Jul 30, 2021. The former held 1.84 million shares worth $4.59 million, making up 0.01% of all outstanding shares. On the other hand, Avantis International Equity ETF held roughly 0.94 million shares worth around $2.31 million, which represents about 0.01% of the total shares outstanding.

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