How to Buy Lloyds Banking Group Stock
Lloyds Banking Group PLC
Lloyds Banking Group is a bank company located in United Kingdom, which is part of the Financial Services sector, and is traded under the ticker LYG on the NYSE exchange.
Lloyds Banking Group stock last closed at $4.19, down 0.71% from the previous day, and has increased 54.61% in one year. It has overperformed other stocks in the Banks - Regional industry by 0.34 percentage points. Lloyds Banking Group stock is currently +63.67% from its 52-week low of $2.56, and -2.56% from its 52-week high of $4.30.
At the moment, there are 60.62B LYG shares outstanding. The market cap of LYG is $63.50B. In the last 24 hours, 17.74M LYG shares were traded.
How to Buy Lloyds Banking Group Stock
Wondering how to invest in Lloyds Banking Group stock? Here's how.
- Figure out where to buy Lloyds Banking Group stock: You need to pick a stock brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you decide where to buy Lloyds Banking Group stock.
- Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Fund your investment account: Select your method of payment and add your details.
- Evaluate Lloyds Banking Group stock: The Lloyds Banking Group ticker symbol is LYG. Is Lloyds Banking Group stock a good investment? Should you buy shares of LYG? How do LYG's underlying business fundamentals look? Do top analysts think Lloyds Banking Group is a good buy? Why has LYG's stock price moved recently? (Hint: Our stock research tools can help you figure out if LYG is a good stock to buy).
- Execute your LYG trade: Decide if you will purchase LYG shares at the current market price or use a limit order to purchase LYG stock at a given price.
- Monitor your investment in LYG: Create a watchlist to important notifications about your new investment in Lloyds Banking Group stock.
Step 1: Figure out where to buy Lloyds Banking Group stock
You need an online brokerage account in order to access the NYSE market and buy LYG stock.
Our preferred brokerage: eToro
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Open eToro AccountStep 2: Create your brokerage account
Now that you've chosen the right brokerage, you'll need to fill out some personal details so you are able to invest in LYG today.
How to Create a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal details to create a new trading account.
- Send your data by hitting the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you have opened your account on the best free stock trading app, your next step is to transfer the money for your investment:
Check out the walkthrough below to see the process of transferring funds into your brokerage account.
Step 4: Evaluate Lloyds Banking Group stock
Once you have selected the best place to buy Lloyds Banking Group stock, it's critical to evaluate their stock before you buy, so you can comprehend the risk and opportunity.
Lloyds Banking Group quick stats
Lloyds Banking Group Fundamentals
WallStreetZen was created to help average investors perform more in-depth fundamental analysis.
You can see all of the due diligence checks on LYG's stock page.
Is LYG stock undervalued or overvalued?
Analysts use many financial metrics, analyses, models, and charts to gauge LYG's fair value.
Using relative valuations measures:
- LYG may be overvalued based on its P/E ratio of 13.3x, relative to Banks - Regional industry P/E ratio of 11.9x
- LYG may be undervalued based on its P/B ratio of 1.11x, relative to Banks - Regional industry P/B ratio of 1.15x
- LYG may be overvalued based on its PEG ratio of 1.03x
You can do more valuation research on LYG's stock here.
Is LYG a healthy company?
Failed Financial Due Diligence Checks:
- LYG has a relatively high debt to equity ratio of 18.83.
- LYG profit margin has gone down from 13.9% to 11.4% in the past year.
- Total LYG debt is higher than 5 years ago, relative to shareholder equity.
You can dig deeper into what analysts are forecasting on the Lloyds Banking Group stock forecast page.
LYG Technical Indicators
LYG Growth Metrics
Last year, LYG earnings were $4.90B. In the past five year, LYG's earnings have increased by 11.35% per year. This was slower than the Banks - Regional industry average of 17.8%.
Last year, LYG revenue was $42.85B. In the past five year, LYG's revenue has increased by -5.12% per year. This was slower than the Banks - Regional industry average of 13.05%.
Dig into LYG's earnings and revenue performance here.
Who is buying/selling LYG?
Over the last 12 months, insiders at LYG have not bought or sold any shares.
Learn more about who owns LYG shares here.
Can I get consistent income from LYG stock?
No, Lloyds Banking Group doesn't provide an income stream by paying out dividends.
LYG Social Trading Data
One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Execute your LYG trade
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are usually fine. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a specific dollar amount, use a limit order.
Press the Open Trade button and your broker will place your order.
If you require more help with investing in stocks on eToro, watch the how to video below:
Step 6: Monitor your investment in LYG
Now that you own some shares in LYG, you'll want to keep up with your stock purchase.
Make a watchlist to track the most important metrics related to your LYG stock.
LYG Feed
How to Buy Stock in Lloyds Banking Group
To reiterate, here are the 6 steps to buy Lloyds Banking Group stock:
- Figure out where to buy Lloyds Banking Group stock
- Create your brokerage account
- Fund your investment account
- Evaluate Lloyds Banking Group stock
- Execute your LYG trade
- Monitor your investment in LYG
If you are looking for a brokerage account, eToro is our favorite option.
Get Started with eToro TodayIf you would like to keep track of your new investment in Lloyds Banking Group, click the button below.
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