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 $2.49, up 1.63% from the previous day, and has increased 4.62% in one year. It has underperformed other stocks in the Banks - Regional industry by 0.03 percentage points. Lloyds Banking Group stock is currently +32.45% from its 52-week low of $1.88, and -8.46% from its 52-week high of $2.72.
As of Apr 17, 2024, there are 63.57B shares of LYG outstanding. The market cap of LYG is $39.57B. In the last 24 hours, 19.56M 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 an online brokerage, but don't worry - we've analyzed dozens of online 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 selected.
- Fund your investment account: Pick your payment method 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 analysis website 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 shares at a particular price.
- Monitor your investment in LYG: Create a watchlist to track your new investment in Lloyds Banking Group stock.
Step 1: Figure out where to buy Lloyds Banking Group stock
You will need an online brokerage account to access the NYSE market and buy LYG shares.
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Open eToro AccountStep 2: Create your brokerage account
Now that you've selected the best brokerage, the next step is to fill out some personal info so you are able to buy LYG today.
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Step 3: Fund your investment account
Now that you have finished signing up on mobile trading apps, you need to deposit funds:
Check out the tutorial below if you need help transferring money into your new brokerage account.
Step 4: Evaluate Lloyds Banking Group stock
After you have selected the best place to buy Lloyds Banking Group stock, it's absolutely critical to analyze their stock before you invest, so you actually understand the risk as well as the upside.
Overview of key LYG info
Lloyds Banking Group Fundamentals
WallStreetZen was created to help part-time investors do more accurate fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on LYG's stock page.
Is LYG stock properly valued?
Analysts use many financial metrics, analyses, models, and charts to gauge LYG's true value.
Using relative valuations measures:
- LYG may be undervalued based on its P/E ratio of 6.47x, relative to Banks - Regional industry P/E ratio of -10.51x
- LYG may be undervalued based on its P/B ratio of 0.66x, relative to Banks - Regional industry P/B ratio of 0.95x
- LYG may be overvalued based on its PEG ratio of 1.88x
You can do more valuation research on LYG's stock here.
LYG Financial Summary
Passed Financial Due Diligence Checks:
- LYG earnings of $8.76B is not enough to cover its interest payments.
Failed Financial Due Diligence Checks:
- LYG's operating cash flow of $8.62B allows it to safely service it's debt of $145.17B.
- LYG has a relatively high debt to equity ratio of 17.69.
- Total LYG debt is higher than 5 years ago, relative to shareholder equity.
- LYG profit margin has gone down from 44.7% to 10.1% in the past year.
You can dive deeper into what analysts are projecting on the Lloyds Banking Group stock forecast page.
LYG Technical Indicators
LYG Performance Metrics
Last year, LYG earnings were $6.24B. During the past 5 year, LYG's earnings have increased by 6.65% per year. This was slower than the Banks - Regional industry average of 16.36%.
Last year, LYG revenue was $61.65B. During the past five year, LYG's revenue has gone up by 17.07% per year. This was faster than the Banks - Regional industry average of 7.32%.
You can analyze LYG's earnings and revenue performance here.
Are LYG executives and large shareholders buying or selling the stock?
In the past 12 months, insiders at LYG have not bought or sold any shares.
Research more about who owns LYG shares here.
Can I get consistent income from LYG stock?
Lloyds Banking Group pays a dividend of 5.66%, compared to the Banks - Regional industry's average dividend yield of 4.03%. If you owned $1,000 worth of LYG stock, you would have received $56.55 in the past year.
Lloyds Banking Group dividend payments have consistently grown over the past decade but have not remained stable.
Get more info about Lloyds Banking Group dividend yield and history here.
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Step 5: Execute your LYG trade
You have two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are mostly fine. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a particular price, place a limit order.
Press the Open button and your broker will execute the order.
If you require more assistance investing in stocks on eToro, click the helpful video below:
Step 6: Monitor your investment in LYG
Now that you own some LYG shares, you'll want to stay up-to-date on your new stock purchase.
Add LYG to a watchlist to see the latest developments about your LYG stock.
LYG Feed
How to Buy Stock in Lloyds Banking Group
To reiterate, here are the 6 steps you need to take to buy Lloyds Banking Group stock right now:
- 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 require a brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to keep an eye on your new investment in Lloyds Banking Group, hit the button below to create your watchlist.
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