Lloyds Banking Group plc [LYG] is -22.35% lower this YTD. Is it still time to buy?

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Lloyds Banking Group plc [NYSE: LYG] traded at a high on 07/15/22, posting a 3.66 gain after which it closed the day’ session at $1.98.


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The results of the trading session contributed to over 15566339 shares changing hands. Over the past one week, the price volatility of Lloyds Banking Group plc stands at 2.32% while the volatility over the past one month is 2.53%.

The market cap for LYG stock reached $33.45 billion, with 16.89 billion shares outstanding and 16.73 billion shares in the current float. Compared to the average trading volume of 13.57M shares, LYG reached a trading volume of 15566339 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Lloyds Banking Group plc [LYG]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LYG shares is $2.88 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on LYG stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BofA Securities have made an estimate for Lloyds Banking Group plc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 27, 2022. The new note on the price target was released on April 05, 2022, representing the official price target for Lloyds Banking Group plc stock.

The Average True Range (ATR) for Lloyds Banking Group plc is set at 0.07, with the Price to Sales ratio for LYG stock in the period of the last 12 months amounting to 2.13. The Price to Book ratio for the last quarter was 2682.93.

How has LYG stock performed recently?

Lloyds Banking Group plc [LYG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.46. With this latest performance, LYG shares dropped by -2.46% in over the last four-week period, additionally sinking by -31.72% over the last 6 months – not to mention a drop of -21.74% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for LYG stock in for the last two-week period is set at 42.21, with the RSI for the last a single of trading hit 43.05, and the three-weeks RSI is set at 42.24 for Lloyds Banking Group plc [LYG]. The present Moving Average for the last 50 days of trading for this stock 2.1142, while it was recorded at 1.9700 for the last single week of trading, and 2.4488 for the last 200 days.

Lloyds Banking Group plc [LYG]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Lloyds Banking Group plc [LYG] shares currently have an operating margin of +15.05. Lloyds Banking Group plc’s Net Margin is presently recorded at +12.74.

Return on Total Capital for LYG is now 3.26, given the latest momentum, and Return on Invested Capital for the company is 3.86. Return on Equity for this stock inclined to 11.86, with Return on Assets sitting at 0.61. When it comes to the capital structure of this company, Lloyds Banking Group plc [LYG] has a Total Debt to Total Equity ratio set at 294.98. Additionally, LYG Total Debt to Total Capital is recorded at 74.68, with Total Debt to Total Assets ending up at 15.64. Long-Term Debt to Equity for the company is recorded at 170.97, with the Long-Term Debt to Total Capital now at 43.29.

Reflecting on the efficiency of the workforce at the company, Lloyds Banking Group plc [LYG] managed to generate an average of $92,399 per employee.

Earnings analysis for Lloyds Banking Group plc [LYG]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for LYG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Lloyds Banking Group plc go to -10.30%.

Insider trade positions for Lloyds Banking Group plc [LYG]

There are presently around $613 million, or 1.80% of LYG stock, in the hands of institutional investors. The top three institutional holders of LYG stocks are: JPMORGAN CHASE & CO with ownership of 32,923,225, which is approximately -1.171% of the company’s market cap and around 81.30% of the total institutional ownership; MACQUARIE GROUP LTD, holding 29,178,733 shares of the stock with an approximate value of $57.77 million in LYG stocks shares; and MONDRIAN INVESTMENT PARTNERS LTD, currently with $51.42 million in LYG stock with ownership of nearly 0% of the company’s market capitalization.

Positions in Lloyds Banking Group plc stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 183 institutional holders increased their position in Lloyds Banking Group plc [NYSE:LYG] by around 59,736,139 shares. Additionally, 83 investors decreased positions by around 44,876,632 shares, while 54 investors held positions by with 204,854,636 shares. The mentioned changes placed institutional holdings at 309,467,407 shares, according to the latest SEC report filing. LYG stock had 38 new institutional investments in for a total of 13,195,744 shares, while 28 institutional investors sold positions of 27,718,305 shares during the same period.

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