Lloyds Banking Group PLC (NYSE:LYG) – Equities research analysts at Jefferies Group cut their FY2018 earnings per share (EPS) estimates for Lloyds Banking Group PLC in a report released on Monday. Jefferies Group analyst J. Dickerson now forecasts that the brokerage will earn $0.34 per share for the year, down from their prior forecast of $0.37.

LYG has been the subject of several other reports. Investec raised Lloyds Banking Group PLC from a “hold” rating to a “buy” rating in a report on Thursday, August 25th. Deutsche Bank AG lowered Lloyds Banking Group PLC from a “buy” rating to a “hold” rating in a report on Monday, September 5th. Macquarie raised Lloyds Banking Group PLC from a “neutral” rating to an “outperform” rating in a report on Tuesday, July 5th. Zacks Investment Research raised Lloyds Banking Group PLC from a “hold” rating to a “buy” rating and set a $4.75 price objective for the company in a report on Thursday, June 2nd. Finally, Citigroup Inc. reissued a “sell” rating on shares of Lloyds Banking Group PLC in a report on Wednesday, August 31st. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the stock. Lloyds Banking Group PLC presently has an average rating of “Hold” and an average target price of GBX 79.06 ($1.03).

Lloyds Banking Group PLC (NYSE:LYG) traded down 0.820% on Tuesday, hitting $3.025. The company had a trading volume of 1,988,454 shares. The company has a market capitalization of $43.88 billion, a P/E ratio of 28.009 and a beta of 1.02. Lloyds Banking Group PLC has a one year low of $2.47 and a one year high of $4.85. The stock’s 50-day moving average price is $3.03 and its 200 day moving average price is $3.54.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. boosted its position in Lloyds Banking Group PLC by 30.8% in the second quarter. Macquarie Group Ltd. now owns 33,137,686 shares of the financial services provider’s stock worth $98,419,000 after buying an additional 7,810,110 shares in the last quarter. BlackRock Investment Management LLC boosted its position in Lloyds Banking Group PLC by 6.0% in the second quarter. BlackRock Investment Management LLC now owns 15,161,801 shares of the financial services provider’s stock worth $45,031,000 after buying an additional 861,656 shares in the last quarter. Mondrian Investment Partners LTD boosted its position in Lloyds Banking Group PLC by 75.9% in the second quarter. Mondrian Investment Partners LTD now owns 8,876,966 shares of the financial services provider’s stock worth $26,365,000 after buying an additional 3,828,969 shares in the last quarter. Capital Guardian Trust Co. boosted its position in Lloyds Banking Group PLC by 2.2% in the second quarter. Capital Guardian Trust Co. now owns 5,565,149 shares of the financial services provider’s stock worth $16,528,000 after buying an additional 122,173 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in Lloyds Banking Group PLC by 83.1% in the first quarter. Renaissance Technologies LLC now owns 4,902,600 shares of the financial services provider’s stock worth $19,365,000 after buying an additional 2,224,500 shares in the last quarter. 1.65% of the stock is currently owned by institutional investors and hedge funds.

The company also recently announced a dividend, which will be paid on Tuesday, October 11th. Investors of record on Friday, August 12th will be paid a $0.045 dividend. The ex-dividend date is Wednesday, August 10th. Lloyds Banking Group PLC’s dividend payout ratio is presently 92.86%.

About Lloyds Banking Group PLC

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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