Fintel reports that on September 7, 2023, Barclays reiterated coverage of Legal & General Group (LSE:LGEN) with a Overweight recommendation.
Analyst Price Forecast Suggests 36.21% Upside
As of August 31, 2023, the average one-year price target for Legal & General Group is 290.94. The forecasts range from a low of 234.32 to a high of $367.50. The average price target represents an increase of 36.21% from its latest reported closing price of 213.60.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Legal & General Group is 13,897MM. The projected annual non-GAAP EPS is 0.34.
Legal & General Group Maintains 9.19% Dividend Yield
At the most recent price, the company's dividend yield is 9.19%.
Additionally, the company's dividend payout ratio is 0.57. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.12%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 318 funds or institutions reporting positions in Legal & General Group. This is a decrease of 2 owner(s) or 0.62% in the last quarter. Average portfolio weight of all funds dedicated to LGEN is 0.28%, a decrease of 1.02%. Total shares owned by institutions increased in the last three months by 4.02% to 577,971K shares.
What are Other Shareholders Doing?
VGTSX - Vanguard Total International Stock Index Fund Investor Shares holds 78,255K shares representing 1.32% ownership of the company. In it's prior filing, the firm reported owning 78,269K shares, representing a decrease of 0.02%. The firm decreased its portfolio allocation in LGEN by 6.13% over the last quarter.
VTMGX - Vanguard Developed Markets Index Fund Admiral Shares holds 46,995K shares representing 0.79% ownership of the company. In it's prior filing, the firm reported owning 45,514K shares, representing an increase of 3.15%. The firm decreased its portfolio allocation in LGEN by 3.20% over the last quarter.
IEFA - iShares Core MSCI EAFE ETF holds 31,578K shares representing 0.53% ownership of the company. In it's prior filing, the firm reported owning 31,577K shares, representing an increase of 0.00%. The firm decreased its portfolio allocation in LGEN by 8.41% over the last quarter.
AIM INTERNATIONAL MUTUAL FUNDS (INVESCO INTERNATIONAL MUTUAL FUNDS) - Invesco Oppenheimer International Growth Fund Class C holds 22,379K shares representing 0.38% ownership of the company. In it's prior filing, the firm reported owning 22,968K shares, representing a decrease of 2.63%. The firm decreased its portfolio allocation in LGEN by 10.53% over the last quarter.
HFQAX - Janus Henderson Global Equity Income Fund holds 20,475K shares representing 0.35% ownership of the company. In it's prior filing, the firm reported owning 11,670K shares, representing an increase of 43.00%. The firm increased its portfolio allocation in LGEN by 74.96% over the last quarter.
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