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Government sells another 1% of Lloyds shares

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Government sells another 1% of Lloyds shares

The treasury has increased the total amount raised from the sale of shares in Lloyds Banking Group to £15 billion by reducing the taxpayer's stake in the bank from 12.97% to 11.98%.

The programme highlights the value Lloyds Banking Group is placing on developing future talent as part of the £1billion it's investing in digital capability over the next three years. Our stocks momentum model is shown on the price chart below. BNP Paribas reaffirmed an "outperform" rating and set a $100.00 price target on shares of Lloyds Banking Group PLC in a research report on Saturday, June 20th.

A number of equities research analysts have recently weighed in on the stock. The stock has a market cap of $76.27 billion and a P/E ratio of 40.89. The Organization offers commercial and retail banking, and long term savings, protection and investment. It operates through five segments: Retail, Commercial Banking, Consumer Finance, Insurance and TSB Banking Group plc (TSB).

Lloyds Banking Group (LON:LLOY) traded up 1.81% on 25 September, hitting GBX 75.18.

Government cashes in part of Lloyds
Taxpayer trims stake in Lloyds Government cashes in part of Lloyds

Group Director for Digital at Lloyds Banking Group, Miguel-Ángel Rodríguez-Sola says: "We're delighted to launch a digital graduate scheme which not only complements the Group's other graduate schemes, but also highlights the commitment we have made to investing in digital and our people".

Commercial Banking provides banking and related services to business clients, from small businesses to large corporate. Consumer Finance segment provides credit card products and asset financing. Insurance section provides long-term savings, investment and protection products, in addition to general insurance goods in the UK. Its services can be found through various brands.

 

The Company is a financial services group providing a range of banking and financial services, primarily in the United Kingdom, to personal and corporate customers. Finally, Deutsche Bank reissued a "buy" rating on shares of Lloyds Banking Group PLC in a research report on Friday, August 7th.

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