Shares of Lloyds Banking Group PLC (NYSE:LYG) have been given an average rating of “Hold” by the nineteen research firms that are currently covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $4.00.

Several brokerages recently issued reports on LYG. UBS AG reissued a “buy” rating on shares of Lloyds Banking Group PLC in a research note on Wednesday, April 19th. Zacks Investment Research raised shares of Lloyds Banking Group PLC from a “hold” rating to a “buy” rating and set a $4.00 target price on the stock in a research note on Friday, July 14th. Keefe, Bruyette & Woods lowered shares of Lloyds Banking Group PLC from a “market perform” rating to an “underperform” rating in a research note on Wednesday, May 31st. ValuEngine lowered shares of Lloyds Banking Group PLC from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Sanford C. Bernstein reissued an “underperform” rating on shares of Lloyds Banking Group PLC in a research note on Tuesday, May 9th.

Shares of Lloyds Banking Group PLC (LYG) traded up 0.29% during trading on Friday, hitting $3.40. 2,053,613 shares of the stock were exchanged. The firm’s 50 day moving average price is $3.53 and its 200-day moving average price is $3.50. The stock has a market cap of $54.12 billion, a P/E ratio of 30.36 and a beta of 0.76. Lloyds Banking Group PLC has a 52 week low of $2.56 and a 52 week high of $3.87.

The firm also recently disclosed 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 dividend yield of 2.98%. This is a positive change from Lloyds Banking Group PLC’s previous None dividend of $0.05. The ex-dividend date of this dividend is Wednesday, August 9th. Lloyds Banking Group PLC’s dividend payout ratio (DPR) is 100.00%.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. raised its position 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 buying an additional 215 shares during the period. Hollencrest Securities LLC raised its position in Lloyds Banking Group PLC by 1.0% in the first quarter. Hollencrest Securities LLC now owns 37,103 shares of the financial services provider’s stock worth $126,000 after buying an additional 355 shares during the period. Raymond James Trust N.A. raised its position in Lloyds Banking Group PLC by 1.5% in the second quarter. Raymond James Trust N.A. now owns 92,658 shares of the financial services provider’s stock worth $328,000 after buying an additional 1,349 shares during the period. Wetherby Asset Management Inc. raised its position in Lloyds Banking Group PLC by 2.3% in the first quarter. Wetherby Asset Management Inc. now owns 93,935 shares of the financial services provider’s stock worth $319,000 after buying an additional 2,083 shares during the period. Finally, Comerica Securities Inc. raised its position in Lloyds Banking Group PLC by 5.3% in the first quarter. Comerica Securities Inc. now owns 60,379 shares of the financial services provider’s stock worth $205,000 after buying an additional 3,032 shares during the period. 2.05% of the stock is currently owned by hedge funds and other institutional investors.

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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