Lloyds Banking Group PLC (NYSE:LYG) – Jefferies Group reduced their FY2018 earnings per share (EPS) estimates for Lloyds Banking Group PLC in a report released on Monday. Jefferies Group analyst J. Dickerson now anticipates that the brokerage will post earnings of $0.34 per share for the year, down from their previous forecast of $0.37.

Other research analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Lloyds Banking Group PLC from a “sell” rating to a “hold” rating in a research note on Tuesday, July 5th. Barclays PLC lowered shares of Lloyds Banking Group PLC from an “overweight” rating to an “equal weight” rating in a research note on Monday, June 27th. Deutsche Bank AG restated a “buy” rating on shares of Lloyds Banking Group PLC in a research note on Thursday, June 16th. JPMorgan Chase & Co. lowered shares of Lloyds Banking Group PLC from an “overweight” rating to a “neutral” rating in a research note on Monday, June 27th. Finally, Berenberg Bank upgraded shares of Lloyds Banking Group PLC from a “sell” rating to a “hold” rating in a research note on Tuesday, July 26th. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the stock. Lloyds Banking Group PLC currently has a consensus rating of “Hold” and an average target price of GBX 79.06 ($1.03).

Shares of Lloyds Banking Group PLC (NYSE:LYG) traded down 0.831% during trading on Tuesday, reaching $2.985. The company’s stock had a trading volume of 1,620,199 shares. The company’s 50-day moving average is $3.02 and its 200-day moving average is $3.56. The company has a market capitalization of $43.29 billion, a P/E ratio of 27.639 and a beta of 1.02. Lloyds Banking Group PLC has a 12 month low of $2.47 and a 12 month high of $4.85.

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Institutional investors have recently added to or reduced their stakes in the company. Rehmann Capital Advisory Group boosted its position in Lloyds Banking Group PLC by 5.1% in the second quarter. Rehmann Capital Advisory Group now owns 35,894 shares of the financial services provider’s stock worth $107,000 after buying an additional 1,747 shares in the last quarter. Assetmark Inc. raised its stake in shares of Lloyds Banking Group PLC by 0.9% in the second quarter. Assetmark Inc. now owns 35,998 shares of the financial services provider’s stock worth $107,000 after buying an additional 336 shares during the last quarter. CIBC World Markets Inc. raised its stake in shares of Lloyds Banking Group PLC by 62.2% in the second quarter. CIBC World Markets Inc. now owns 59,518 shares of the financial services provider’s stock worth $177,000 after buying an additional 22,821 shares during the last quarter. Private Bank & Trust Co. raised its stake in shares of Lloyds Banking Group PLC by 27.9% in the second quarter. Private Bank & Trust Co. now owns 61,027 shares of the financial services provider’s stock worth $181,000 after buying an additional 13,297 shares during the last quarter. Finally, Reliance Trust Co. of Delaware raised its stake in shares of Lloyds Banking Group PLC by 11.3% in the second quarter. Reliance Trust Co. of Delaware now owns 68,010 shares of the financial services provider’s stock worth $202,000 after buying an additional 6,918 shares during the last quarter. 1.65% of the stock is owned by institutional investors and hedge funds.

The business also recently declared a dividend, which will be paid on Tuesday, October 11th. Shareholders of record on Friday, August 12th will be paid a $0.045 dividend. The ex-dividend date is Wednesday, August 10th. Lloyds Banking Group PLC’s dividend payout ratio is presently 92.86%.

Lloyds Banking Group PLC Company Profile

LLOYDS BANKING GROUP plc provides financial services to individual and business customers in the United Kingdom but also overseas. The Company’s business activities include retail and commercial banking, long-term savings, protection and investment. It operates through its segments, including Retail, Commercial Banking, Consumer Finance and Insurance.

5 Day Chart for NYSE:LYG

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