Lloyds Banking Group PLC (NYSE:LYG) has been given an average recommendation of “Hold” by the eighteen brokerages that are presently covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $4.00.

Several equities analysts have recently commented on the company. Zacks Investment Research lowered Lloyds Banking Group PLC from a “buy” rating to a “hold” rating in a research note on Saturday, September 2nd. ValuEngine upgraded Lloyds Banking Group PLC from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. BidaskClub lowered Lloyds Banking Group PLC from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. Finally, Goldman Sachs Group, Inc. (The) restated a “sell” rating on shares of Lloyds Banking Group PLC in a research note on Wednesday, September 6th.

Hedge funds and other institutional investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. boosted its holdings in Lloyds Banking Group PLC by 0.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 28,925 shares of the financial services provider’s stock worth $102,000 after acquiring an additional 215 shares in the last quarter. CAPROCK Group Inc. boosted its holdings in Lloyds Banking Group PLC by 33.1% in the second quarter. CAPROCK Group Inc. now owns 30,718 shares of the financial services provider’s stock worth $108,000 after acquiring an additional 7,632 shares in the last quarter. Signaturefd LLC acquired a new stake in Lloyds Banking Group PLC in the first quarter worth about $125,000. Advisor Partners LLC boosted its holdings in Lloyds Banking Group PLC by 107.8% in the second quarter. Advisor Partners LLC now owns 38,591 shares of the financial services provider’s stock worth $136,000 after acquiring an additional 20,020 shares in the last quarter. Finally, American Asset Management Inc. acquired a new stake in Lloyds Banking Group PLC in the second quarter worth about $145,000. 2.11% of the stock is owned by institutional investors and hedge funds.

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Shares of Lloyds Banking Group PLC (LYG) remained flat at $3.66 during mid-day trading on Friday. 2,614,610 shares of the company’s stock traded hands. The stock has a market cap of $58.26 billion, a price-to-earnings ratio of 32.68 and a beta of 0.76. The stock’s 50 day moving average is $3.41 and its 200 day moving average is $3.50. Lloyds Banking Group PLC has a one year low of $2.56 and a one year high of $3.87.

The business also recently announced a None dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Friday, August 11th will be paid a $0.052 dividend. This represents a yield of 2.98%. The ex-dividend date is Wednesday, August 9th. This is a positive change from Lloyds Banking Group PLC’s previous None dividend of $0.05. Lloyds Banking Group PLC’s payout ratio is 100.00%.

Lloyds Banking Group PLC Company Profile

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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