Investment Analysts’ Weekly Ratings Changes for Lloyds Banking Group (LYG)

Lloyds Banking Group (NYSE: LYG) has recently received a number of price target changes and ratings updates:

  • 9/11/2018 – Lloyds Banking Group was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Lloyds Banking Group plc, formerly Lloyds TSB Group plc, is a United Kingdom-based financial services company, whose businesses provide a range of banking and financial services in the United Kingdom and a limited number of locations overseas. Headquartered in London, the company operates through three segments: UK Retail Banking, Insurance and Investments, and Wholesale and International Banking. The UK Retail Banking segment provides banking and financial services, mortgages, and private banking services. The Insurance and Investments segment offers life assurance, pensions and savings products, general insurance, and fund management services. The Wholesale and International Banking segment provides banking and related services for companies, small and medium-sized businesses, banks, and financial institutions; and asset finance to personal and corporate customers. “
  • 9/4/2018 – Lloyds Banking Group was upgraded by analysts at Berenberg Bank from a “sell” rating to a “hold” rating.
  • 9/4/2018 – Lloyds Banking Group was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Lloyds Banking Group plc, formerly Lloyds TSB Group plc, is a United Kingdom-based financial services company, whose businesses provide a range of banking and financial services in the United Kingdom and a limited number of locations overseas. Headquartered in London, the company operates through three segments: UK Retail Banking, Insurance and Investments, and Wholesale and International Banking. The UK Retail Banking segment provides banking and financial services, mortgages, and private banking services. The Insurance and Investments segment offers life assurance, pensions and savings products, general insurance, and fund management services. The Wholesale and International Banking segment provides banking and related services for companies, small and medium-sized businesses, banks, and financial institutions; and asset finance to personal and corporate customers. “
  • 9/4/2018 – Lloyds Banking Group had its “buy” rating reaffirmed by analysts at JPMorgan Chase & Co..
  • 8/29/2018 – Lloyds Banking Group was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Lloyds Banking Group plc, formerly Lloyds TSB Group plc, is a United Kingdom-based financial services company, whose businesses provide a range of banking and financial services in the United Kingdom and a limited number of locations overseas. Headquartered in London, the company operates through three segments: UK Retail Banking, Insurance and Investments, and Wholesale and International Banking. The UK Retail Banking segment provides banking and financial services, mortgages, and private banking services. The Insurance and Investments segment offers life assurance, pensions and savings products, general insurance, and fund management services. The Wholesale and International Banking segment provides banking and related services for companies, small and medium-sized businesses, banks, and financial institutions; and asset finance to personal and corporate customers. “
  • 8/14/2018 – Lloyds Banking Group had its “buy” rating reaffirmed by analysts at Jefferies Financial Group Inc.
  • 8/7/2018 – Lloyds Banking Group was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Lloyds Banking Group plc, formerly Lloyds TSB Group plc, is a United Kingdom-based financial services company, whose businesses provide a range of banking and financial services in the United Kingdom and a limited number of locations overseas. Headquartered in London, the company operates through three segments: UK Retail Banking, Insurance and Investments, and Wholesale and International Banking. The UK Retail Banking segment provides banking and financial services, mortgages, and private banking services. The Insurance and Investments segment offers life assurance, pensions and savings products, general insurance, and fund management services. The Wholesale and International Banking segment provides banking and related services for companies, small and medium-sized businesses, banks, and financial institutions; and asset finance to personal and corporate customers. “
  • 8/2/2018 – Lloyds Banking Group was upgraded by analysts at Citigroup Inc from a “sell” rating to a “neutral” rating.
  • 7/24/2018 – Lloyds Banking Group was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Lloyds Banking Group plc, formerly Lloyds TSB Group plc, is a United Kingdom-based financial services company, whose businesses provide a range of banking and financial services in the United Kingdom and a limited number of locations overseas. Headquartered in London, the company operates through three segments: UK Retail Banking, Insurance and Investments, and Wholesale and International Banking. The UK Retail Banking segment provides banking and financial services, mortgages, and private banking services. The Insurance and Investments segment offers life assurance, pensions and savings products, general insurance, and fund management services. The Wholesale and International Banking segment provides banking and related services for companies, small and medium-sized businesses, banks, and financial institutions; and asset finance to personal and corporate customers. “

Shares of NYSE LYG opened at $3.10 on Friday. The company has a debt-to-equity ratio of 2.22, a quick ratio of 1.40 and a current ratio of 1.43. The firm has a market capitalization of $55.67 billion, a price-to-earnings ratio of 5.64 and a beta of 0.85. Lloyds Banking Group PLC has a 52-week low of $3.02 and a 52-week high of $4.21.

Lloyds Banking Group (NYSE:LYG) last announced its quarterly earnings results on Tuesday, July 31st. The financial services provider reported $0.16 earnings per share (EPS) for the quarter. The company had revenue of $4.32 billion for the quarter. Lloyds Banking Group had a net margin of 15.05% and a return on equity of 15.62%. equities analysts forecast that Lloyds Banking Group PLC will post 0.4 earnings per share for the current year.

The firm also recently announced a Semi-Annual dividend, which will be paid on Tuesday, October 9th. Stockholders of record on Friday, August 17th will be issued a $0.056 dividend. The ex-dividend date of this dividend is Thursday, August 16th. This is an increase from Lloyds Banking Group’s previous Semi-Annual dividend of $0.05. Lloyds Banking Group’s payout ratio is 20.00%.

Institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN boosted its stake in Lloyds Banking Group by 28.9% in the 1st quarter. Wells Fargo & Company MN now owns 8,481,982 shares of the financial services provider’s stock valued at $31,552,000 after buying an additional 1,903,723 shares in the last quarter. Comerica Bank boosted its stake in Lloyds Banking Group by 2.1% in the 1st quarter. Comerica Bank now owns 1,050,940 shares of the financial services provider’s stock valued at $3,994,000 after buying an additional 22,107 shares in the last quarter. Aperio Group LLC boosted its stake in Lloyds Banking Group by 13.5% in the 1st quarter. Aperio Group LLC now owns 1,711,578 shares of the financial services provider’s stock valued at $6,367,000 after buying an additional 204,183 shares in the last quarter. Neuberger Berman Group LLC boosted its stake in Lloyds Banking Group by 18.9% in the 1st quarter. Neuberger Berman Group LLC now owns 1,901,876 shares of the financial services provider’s stock valued at $7,075,000 after buying an additional 302,132 shares in the last quarter. Finally, US Bancorp DE boosted its stake in Lloyds Banking Group by 6.4% in the 1st quarter. US Bancorp DE now owns 866,562 shares of the financial services provider’s stock valued at $3,224,000 after buying an additional 51,966 shares in the last quarter. Hedge funds and other institutional investors own 2.55% of the company’s stock.

Lloyds Banking Group plc provides banking and financial services under the Lloyds Bank, Halifax, Bank of Scotland, and Scottish Widows brands in the United Kingdom and internationally. The company operates through three segments: Retail, Commercial Banking, and Insurance and Wealth. The Retail segment offers a range of financial service products, including current accounts, savings accounts, mortgages, motor finance, and unsecured consumer lending products to personal and small business customers.

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