Shares of Lloyds Banking Group PLC (NYSE:LYG) were up 1.7% during mid-day trading on Friday . The stock traded as high as $2.96 and last traded at $2.95, with a volume of 3,003,849 shares. The stock had previously closed at $2.90.

Several analysts recently issued reports on LYG shares. Zacks Investment Research downgraded shares of Lloyds Banking Group PLC from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th. Barclays PLC downgraded shares of Lloyds Banking Group PLC from an “overweight” rating to an “equal weight” rating in a report on Monday, June 27th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Lloyds Banking Group PLC in a report on Monday, April 25th. Bank of America Corp. downgraded shares of Lloyds Banking Group PLC from a “neutral” rating to an “underperform” rating in a report on Monday, June 27th. Finally, Deutsche Bank AG reaffirmed a “buy” rating on shares of Lloyds Banking Group PLC in a report on Thursday, May 26th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the stock. Lloyds Banking Group PLC has a consensus rating of “Hold” and an average target price of GBX 82.08 ($1.06).

The stock has a 50 day moving average price of $2.89 and a 200 day moving average price of $3.65. The stock has a market capitalization of $42.79 billion and a price-to-earnings ratio of 27.31.

The company also recently announced a dividend, which will be paid on Tuesday, October 11th. Investors 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 boosted its position in Lloyds Banking Group PLC (NYSE:LYG) by 7.7% during the fourth quarter, according to its most recent 13F 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 as of its most recent SEC filing.

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.

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