Lloyds Banking Group PLC (LYG) Stock Price Down 2%
Lloyds Banking Group PLC (NYSE:LYG)’s share price traded down 2% during trading on Monday . The stock traded as low as $2.87 and last traded at $2.87, with a volume of 1,598,036 shares trading hands. The stock had previously closed at $2.93.
Several equities analysts have recently commented on the company. Deutsche Bank AG restated a “buy” rating on shares of Lloyds Banking Group PLC in a research note on Thursday, May 26th. Zacks Investment Research upgraded Lloyds Banking Group PLC from a “sell” rating to a “buy” rating and set a $4.75 price target on the stock in a research note on Wednesday, June 22nd. JPMorgan Chase & Co. restated a “buy” rating on shares of Lloyds Banking Group PLC in a research note on Monday, April 25th. Finally, Bank of America Corp. lowered Lloyds Banking Group PLC from a “neutral” rating to an “underperform” rating in a research note on Monday, June 27th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 82.08 ($1.06).
The stock has a market capitalization of $41.77 billion and a PE ratio of 26.67. The stock has a 50-day moving average of $2.90 and a 200 day moving average of $3.66.
The business also recently declared a dividend, which will be paid on Tuesday, October 11th. Shareholders of record on Friday, August 12th will be issued a dividend of $0.045 per share. The ex-dividend date is Wednesday, August 10th.
A hedge fund recently raised its stake in Lloyds Banking Group PLC stock. Wells Fargo & Company MN increased its stake in Lloyds Banking Group PLC (NYSE:LYG) by 7.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,778,524 shares of the financial services provider’s stock after buying an additional 487,292 shares during the period. Wells Fargo & Company MN’s holdings in Lloyds Banking Group PLC were worth $29,554,000 at the end of the most recent quarter.
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.