Lloyds Banking Group PLC (LON:LLOY) hit a new 52-week low on Wednesday . The stock traded as low as GBX 48.47 ($0.63) and last traded at GBX 48.49 ($0.63), with a volume of 126478651 shares trading hands. The stock had previously closed at GBX 48.97 ($0.64).

LLOY has been the topic of several recent research reports. Davy Research raised shares of Lloyds Banking Group to an “outperform” rating in a research report on Tuesday, May 28th. JPMorgan Chase & Co. set a GBX 70 ($0.91) price target on shares of Lloyds Banking Group and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Shore Capital reaffirmed a “buy” rating on shares of Lloyds Banking Group in a research report on Wednesday, July 31st. Morgan Stanley reaffirmed an “overweight” rating on shares of Lloyds Banking Group in a research report on Friday, July 26th. Finally, HSBC set a GBX 58 ($0.76) price target on shares of Lloyds Banking Group and gave the company a “neutral” rating in a research report on Tuesday, July 9th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company. Lloyds Banking Group currently has a consensus rating of “Buy” and an average target price of GBX 69.06 ($0.90).

The firm has a 50-day moving average of GBX 55.28. The stock has a market capitalization of $34.29 billion and a PE ratio of 9.18.

The company also recently announced a dividend, which will be paid on Friday, September 13th. Shareholders of record on Thursday, August 8th will be given a dividend of GBX 1.12 ($0.01) per share. The ex-dividend date of this dividend is Thursday, August 8th. This represents a dividend yield of 2.03%. Lloyds Banking Group’s dividend payout ratio is currently 0.57%.

In other Lloyds Banking Group news, insider George Culmer sold 83,581 shares of Lloyds Banking Group stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of GBX 58 ($0.76), for a total transaction of £48,476.98 ($63,343.76). Also, insider Stuart Sinclair bought 362,664 shares of the company’s stock in a transaction on Friday, May 17th. The shares were purchased at an average cost of GBX 61 ($0.80) per share, for a total transaction of £221,225.04 ($289,069.70). In the last three months, insiders have sold 842,868 shares of company stock worth $46,588,125.

Lloyds Banking Group Company Profile (LON:LLOY)

Lloyds Banking Group plc provides banking and financial services under the Lloyds Bank, Halifax, Bank of Scotland, and Scottish Widows brands in the United Kingdom and internationally. It operates through three segments: Retail, Commercial Banking, and Insurance and Wealth. The Retail segment offers a range of financial service products, including current accounts, savings accounts, mortgages, motor finance, unsecured consumer loans, leasing solutions, and credit cards to personal and small business customers.

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