Lloyds Banking Group plc ADR (LYG) Stock Could Soon Reward Patient Investors

Lloyds Banking Group plc ADR (NYSE: LYG) is -13.81% lower on its value in year-to-date trading and has touched a low of $1.88 and a high of $2.63 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The LYG stock was last observed hovering at around $2.05 in the last trading session, with the day’s gains setting it 0.01%.

Currently trading at $2.06, the stock is -3.60% and -8.62% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.42 million and changing 0.49% at the moment leaves the stock -5.76% off its SMA200. LYG registered -20.46% loss for a year compared to 6-month gain of -3.74%.

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The stock witnessed a -13.08% loss in the last 1 month and extending the period to 3 months gives it a 1.98%, and is -2.37% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.76% over the week and 1.98% over the month.

Lloyds Banking Group plc ADR (LYG) has around Aug 04 2023 employees, a market worth around $32.83B and $29.88B in sales. Fwd P/E is 6.09. Profit margin for the company is 22.57%. Distance from 52-week low is 9.57% and -21.67% from its 52-week high. The company has generated returns on investments over the last 12 months (12.28%).

Lloyds Banking Group plc ADR quarterly earnings per share for the current quarter are estimated at $0.The EPS is expected to grow by 10.30% this year.

Lloyds Banking Group plc ADR (LYG) Top Institutional Holders

417 institutions hold shares in Lloyds Banking Group plc ADR (LYG), with institutional investors hold 2.02% of the company’s shares. The shares outstanding are 16.74B, and float is at 15.93B with Short Float at 0.05%. Institutions hold 2.02% of the Float.

The top institutional shareholder in the company is Macquarie Group Limited with over 26.57 million shares valued at $58.46 million. The investor’s holdings represent 0.17% of the LYG Shares outstanding. As of Jun 29, 2023, the second largest holder is Mondrian Investment Partners Ltd with 26.8 million shares valued at $58.95 million to account for 0.17% of the shares outstanding. The other top investors are JP Morgan Chase & Company which holds 23.07 million shares representing 0.15% and valued at over $50.76 million, while Goldman Sachs Group Inc holds 0.13% of the shares totaling 20.31 million with a market value of $44.67 million.

Lloyds Banking Group plc ADR (LYG): Who are the competitors?

The company’s main competitors (and peers) include Banco Santander S.A. ADR (SAN) that is trading 7.03% up over the past 12 months. Royal Bank of Canada (RY) that is -6.53% lower over the same period.