Shares of Lloyds Banking Group PLC (NYSE:LYG) have received a consensus recommendation of “Hold” from the nineteen brokerages that are presently covering the company, MarketBeat reports. Six analysts have rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $4.00.

Several research firms recently issued reports on LYG. BidaskClub lowered shares of Lloyds Banking Group PLC from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. Zacks Investment Research raised shares of Lloyds Banking Group PLC from a “hold” rating to a “buy” rating and set a $4.00 price target for the company in a research report on Friday, July 14th. ValuEngine raised shares of Lloyds Banking Group PLC from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Keefe, Bruyette & Woods lowered shares of Lloyds Banking Group PLC from a “market perform” rating to an “underperform” rating in a research report on Wednesday, May 31st. Finally, Goldman Sachs Group, Inc. (The) reissued a “sell” rating on shares of Lloyds Banking Group PLC in a research report on Wednesday, May 24th.

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Hedge funds have recently bought and sold shares of the company. Raymond James Trust N.A. raised its stake in Lloyds Banking Group PLC by 56.9% in the first quarter. Raymond James Trust N.A. now owns 91,309 shares of the financial services provider’s stock valued at $310,000 after buying an additional 33,131 shares during the last quarter. Bank of Montreal Can raised its stake in Lloyds Banking Group PLC by 124.5% in the first quarter. Bank of Montreal Can now owns 41,891 shares of the financial services provider’s stock valued at $142,000 after buying an additional 23,231 shares during the last quarter. Capstone Asset Management Co. raised its stake in Lloyds Banking Group PLC by 4.7% in the first quarter. Capstone Asset Management Co. now owns 1,267,078 shares of the financial services provider’s stock valued at $4,308,000 after buying an additional 56,390 shares during the last quarter. Nationwide Fund Advisors raised its stake in Lloyds Banking Group PLC by 24.7% in the first quarter. Nationwide Fund Advisors now owns 241,909 shares of the financial services provider’s stock valued at $822,000 after buying an additional 47,858 shares during the last quarter. Finally, Hollencrest Securities LLC raised its stake in Lloyds Banking Group PLC by 1.0% in the first quarter. Hollencrest Securities LLC now owns 37,103 shares of the financial services provider’s stock valued at $126,000 after buying an additional 355 shares during the last quarter. 2.05% of the stock is owned by institutional investors.

Shares of Lloyds Banking Group PLC (NYSE LYG) traded up 0.29% during mid-day trading on Friday, hitting $3.40. The stock had a trading volume of 2,053,613 shares. Lloyds Banking Group PLC has a one year low of $2.56 and a one year high of $3.87. The company has a market cap of $54.12 billion, a PE ratio of 30.36 and a beta of 0.76. The firm’s 50 day moving average price is $3.53 and its 200-day moving average price is $3.50.

The company also recently disclosed a None dividend, which will be paid on Tuesday, October 10th. Stockholders of record on Friday, August 11th will be issued a dividend of $0.052 per share. This is a positive change from Lloyds Banking Group PLC’s previous None dividend of $0.05. The ex-dividend date is Wednesday, August 9th. This represents a dividend yield of 2.98%. Lloyds Banking Group PLC’s dividend payout ratio (DPR) is presently 100.00%.

About Lloyds Banking Group PLC

Lloyds Banking Group plc is a provider of financial services to individual and business customers in the United Kingdom. The Company’s main business activities are retail and commercial banking, general insurance, and long-term savings, protection and investment. The Company’s segments are Retail, Commercial Banking, Consumer Finance, Insurance and Other.

Analyst Recommendations for Lloyds Banking Group PLC (NYSE:LYG)

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