Peel Hunt Limited Initiates Coverage of Lloyds Banking Group (LSE:LLOY) with Hold Recommendation

Fintel reports that on April 19, 2024, Peel Hunt Limited initiated coverage of Lloyds Banking Group (LSE:LLOY) with a Hold recommendation.

Analyst Price Forecast Suggests 17.14% Upside

As of March 31, 2024, the average one-year price target for Lloyds Banking Group is 59.74. The forecasts range from a low of 47.47 to a high of $77.70. The average price target represents an increase of 17.14% from its latest reported closing price of 51.00.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Lloyds Banking Group is 19,335MM, an increase of 5.01%. The projected annual non-GAAP EPS is 0.08.

Lloyds Banking Group Maintains 5.47% Dividend Yield

At the most recent price, the company's dividend yield is 5.47%.

Additionally, the company's dividend payout ratio is 0.32. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.

What is the Fund Sentiment?

There are 342 funds or institutions reporting positions in Lloyds Banking Group. This is a decrease of 418 owner(s) or 55.00% in the last quarter. Average portfolio weight of all funds dedicated to LLOY is 0.51%, an increase of 89.26%. Total shares owned by institutions increased in the last three months by 44.53% to 10,109,420K shares.

What are Other Shareholders Doing?

GB:LLOY / Lloyds Banking Group plc Shares Held by Institutions

OAKIX - Oakmark International Fund Investor Class holds 1,187,616K shares representing 1.88% ownership of the company. In it's prior filing, the firm reported owning 1,330,116K shares, representing a decrease of 12.00%. The firm decreased its portfolio allocation in LLOY by 5.13% over the last quarter.

ARTKX - Artisan International Value Fund Investor Shares holds 928,580K shares representing 1.47% ownership of the company. In it's prior filing, the firm reported owning 886,545K shares, representing an increase of 4.53%. The firm increased its portfolio allocation in LLOY by 6.45% over the last quarter.

VGTSX - Vanguard Total International Stock Index Fund Investor Shares holds 868,558K shares representing 1.38% ownership of the company. In it's prior filing, the firm reported owning 871,651K shares, representing a decrease of 0.36%. The firm decreased its portfolio allocation in LLOY by 2.31% over the last quarter.

VTMGX - Vanguard Developed Markets Index Fund Admiral Shares holds 518,566K shares representing 0.82% ownership of the company. No change in the last quarter.

SGENX - First Eagle Global Fund holds 396,240K shares representing 0.63% ownership of the company. No change in the last quarter.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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