Lloyds Banking Group (LLOY) Shares Price & Latest News - BBC News (2024)

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What is the prediction for Lloyds Bank shares? ›

LLOY Stock 12 Month Forecast

Based on 11 Wall Street analysts offering 12 month price targets for Lloyds Banking in the last 3 months. The average price target is 59.70p with a high forecast of 70.00p and a low forecast of 50.00p. The average price target represents a 8.94% change from the last price of 54.80p.

According to data compiled by MarketBeat as of 8 July 2022, the consensus analyst recommendation for Lloyds shares was bullish, with a total of 5 out of 8 analysts currently rating the stock as a 'moderate buy'.

Lloyds Banking's next quarterly payment date is on May 21, 2024, when Lloyds Banking shareholders who owned GB:LLOY shares before Apr 11, 2024 received a dividend payment of 1.84p per share.

Lloyds Bank is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority: all our savings accounts, current accounts and ISAs are covered by the FSCS.

Shares of Lloyds fell 9% to 47.44p at 09:42 GMT as investors responded to the escalation of conflict in Ukraine and its potential impact on consumer confidence already weak because of the rising cost of living.

Since the dividend yield of a stock depends on both the current price per share and the annual dividend amount, it fluctuates frequently based on changes in either factor. Dividing the stock's annual dividend amount by its current share price allows you to calculate a stock's dividend yield.

So there's plenty of scope for the Lloyds share price to drop below 30p again in 2024, driven by falling profits. But if it does, I'd turn bullish on the stock because the business will likely be set up for a cyclical rebound. It's not all bad news. There's no immediate sign of a dividend cut.

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Who holds my Lloyds shares? ›

Lloyds Banking Group Shareholder Account (LBGSA)

Equiniti Financial Services Limited (EFSL) acts as custodian and execution-only stockbroker for your shares. EFSL is authorised and regulated by the Financial Conduct Authority.

Lloyds TSB renegotiates the takeover of HBOS to 0.605 Lloyds TSB shares for every one HBOS share, from 0.833 a month earlier. January 2009 Lloyds Banking Group is created from the purchase of HBOS by Lloyds TSB. The government begins the first of a three-tranche bailout of the group, pumping in £13bn.

So how is this going to impact on the amount returned to shareholders? The average of the analysts' forecasts is a dividend per share of 2.67p, 2.9p and 3.34p for 2023-2025. But I think the bank will do slightly better than this and is likely to pay 2.8p a share this year.

Lloyds Banking Group plc (the "Company") is today launching a share buyback programme to repurchase up to £2 billion of ordinary shares. The Company previously announced its intention to commence the programme on 22 February 2024. The Company has entered into an agreement with Morgan Stanley & Co.