July 28, 2017

United Kingdom government cuts stake in Lloyds to 1.97%

06 April 2017, 02:42 | Elizabeth Houston

United Kingdom government cuts stake in Lloyds to 1.97%

You may well have missed it but the 2008 bank bailout just bit us all in the arse again

Four analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating on the company.

UK Financial Investments, which manages the taxpayer's shares in Lloyds, reduced the holding by about 1% to 1.97%. The stock touched its high share price of $4.42 on May 25, 2016 and the stock also touched its Lowest price in the last 52-weeks of trading on Jul 6, 2016 as $2.47.

Lloyds Banking Group plc is a provider of financial services to individual and business customers in the United Kingdom. The average numbers of shares are traded in a security per day, during the recent 3-month period. If the share price is now hovering near the 52 week low and the value is achieved in the current past then it can suggest that the price of the shares is likely to go up. The average volume stands around 7.75 million shares.

A spokesperson for Lloyds Banking Group says: "Branches are a vital part of our strategy, and we're investing in our network to make sure it's right for the future". LLOY has recorded a 50-day average of 67.89GBX and a two hundred day average of 61.94GBX. Zacks Investment Research upgraded shares of Lloyds Banking Group PLC from a "sell" rating to a "hold" rating in a research report on Wednesday, March 15th.

Kim Kardashian admits 'surrogacy' is now her reality after unsuccessful surgery
Kim Kardashian and daughter North West in Inglewood, California Friday at the Forum for Ariana Grande's Dangerous Woman show. I'd just love nothing more than to expand my family and just know that I have this world at home that's safe.

The company shows its Return on Assets (ROA) value of 0%.

A moving average (MA) is a trend-following or lagging indicator because it is based on past prices.

The decision comes after Lloyds announced plans to close 400 branches, resulting in 9,000 job losses. The Monthly and Yearly performances are -1.17 percent and -11.2 percent respectively. The stock's market capitalization is 214.59M, it has a 52-week low of 1165.00 and a 52-week high of 1770.55. This represents a dividend yield of 3.17%. LYG has P/E (Price to Earnings ttm) value of 23.47, Forward P/E of 3380, P/C (Price to cash per share) of 0.18 and Price to Free Cash Flow (P/FCF) value of 0.

While looking at the Stock's Performance, Lloyds Banking Group plc now shows a Weekly Performance of -1.46%, where Monthly Performance is -1.17%, Quarterly performance is 9.03%, 6 Months performance is 17.77% and yearly performance percentage is -11.2%.

Other News

Trending Now

What the death of broadband privacy rules means
A VPN (virtual private network) adds security and privacy to the Internet, public and private networks and WiFi hot spots. Nonetheless, groups are now calling on Trump to make good on his populist campaign rhetoric by vetoing the legislation .

Spieth makes easy work of return to scene of Masters collapse
Fellow golfers offered their support, with Tiger Woods tweeting: "Viewers at home should not be officials wearing stripes". Most impressively, he responded from his quadruple bogey by carding a birdie on two of the next three holes.

Does YouTube TV have commercials?
All early indications are that YouTube TV is just another great option for people who are exhausted of paying for cable. If you're living in one of the cities mentioned, you can subscribe to YouTube TV if you think it suits your needs.

New EpiPen Recall Includes the U.S. and EpiPen Jr
The EpiPen's being recalled were distributed between December 2015 and July 2016 and includes the EpiPen the United States. The original memo was due to two reports of the company's allergy treatment failing to work in emergencies.

Top seeds Gonzaga, North Carolina reach national title game
Pinson made a free throw for UNC before Bell answered with three free throws for the Ducks to get within 72-67 with 3:30 to play. But I told him, 'Buddy, you got 16 rebounds, we wouldn't have been in this position if it hadn't been for you, '" said Altman.

Now, Congress leader AK Walia quits over differences in party
He said that Pandey was not only "popular in his area, but he was also a choice of party workers at the grass roots". Delhi Congress released its first list of 140 candidates for the upcoming civic polls on Saturday night.

Ford Motor Company (F) Downgraded by Zacks Investment Research
The company also provided its chief executive with a "strategic incentive" grant in 2016 valued at $2.5 million. Ford's stock price is down 2.19% at $11.39 and GM's stock price is lower by 3.25% at $34.21 as of 10:05 AM EST.

US wants China to take action to stop North Korea nuke tests
President Donald Trump said he's ready to take on North Korea, with or without Chinese help. It is, therefore, decision time for North Korea and its patron, China.

Last Fed meeting's minutes show talk of paring bond holdings
Trump has promised to lower corporate tax rates and spend at least $1 trillion on infrastructure but has provided little details. However, several participants now anticipated that meaningful fiscal stimulus would likely not begin until 2018.

Wenger vows to reveal his Arsenal future 'soon'
Mathematically, today was not the best operation for either team, but we'll start thinking about mathematics when they're confident again.