Lloyds Banking Group PLC (NYSE:LYG) – Equities research analysts at Jefferies Group reduced their FY2016 earnings per share (EPS) estimates for Lloyds Banking Group PLC in a report issued on Monday. Jefferies Group analyst J. Dickerson now forecasts that the firm will earn $0.25 per share for the year, down from their previous forecast of $0.39.

Other equities research analysts also recently issued reports about the stock. Deutsche Bank AG reissued a “buy” rating on shares of Lloyds Banking Group PLC in a research report on Thursday, June 16th. Zacks Investment Research raised shares of Lloyds Banking Group PLC from a “hold” rating to a “buy” rating and set a $4.75 target price for the company in a research report on Thursday, June 2nd. Beaufort Securities reissued a “buy” rating on shares of Lloyds Banking Group PLC in a research report on Wednesday, August 3rd. Investec raised shares of Lloyds Banking Group PLC from a “hold” rating to a “buy” rating in a research report on Thursday, August 25th. Finally, Barclays PLC downgraded shares of Lloyds Banking Group PLC from an “overweight” rating to an “equal weight” rating in a research report on Monday, June 27th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 79.06 ($1.03).

Lloyds Banking Group PLC (NYSE:LYG) traded up 1.1242% on Wednesday, reaching $3.0135. 1,868,135 shares of the company’s stock traded hands. The stock has a market cap of $43.71 billion, a price-to-earnings ratio of 27.9028 and a beta of 1.02. Lloyds Banking Group PLC has a 52-week low of $2.47 and a 52-week high of $4.85. The company’s 50 day moving average is $3.03 and its 200-day moving average is $3.55.

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A number of hedge funds have recently bought and sold shares of LYG. Raymond James Trust N.A. raised its stake in Lloyds Banking Group PLC by 1.1% in the first quarter. Raymond James Trust N.A. now owns 108,081 shares of the financial services provider’s stock worth $427,000 after buying an additional 1,152 shares during the period. Glenmede Trust Co. NA raised its stake in Lloyds Banking Group PLC by 25.7% in the first quarter. Glenmede Trust Co. NA now owns 177,824 shares of the financial services provider’s stock worth $701,000 after buying an additional 36,361 shares during the period. Commonwealth Equity Services Inc raised its stake in Lloyds Banking Group PLC by 5.2% in the first quarter. Commonwealth Equity Services Inc now owns 361,192 shares of the financial services provider’s stock worth $1,427,000 after buying an additional 17,874 shares during the period. Mondrian Investment Partners LTD raised its stake in Lloyds Banking Group PLC by 108.2% in the first quarter. Mondrian Investment Partners LTD now owns 5,047,997 shares of the financial services provider’s stock worth $19,940,000 after buying an additional 2,623,870 shares during the period. Finally, Ngam Advisors L.P. raised its stake in Lloyds Banking Group PLC by 32.8% in the first quarter. Ngam Advisors L.P. now owns 1,488,566 shares of the financial services provider’s stock worth $5,880,000 after buying an additional 367,849 shares during the period. 1.65% of the stock is currently owned by institutional investors and hedge funds.

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

About Lloyds Banking Group PLC

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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