Deutsche Bank AG reaffirmed their hold rating on shares of Lloyds Banking Group PLC (NYSE:LYG) in a research note issued to investors on Friday morning.

Other analysts have also recently issued reports about the company. Zacks Investment Research cut Lloyds Banking Group PLC from a buy rating to a hold rating in a research report on Tuesday, May 24th. Barclays PLC cut Lloyds Banking Group PLC from an overweight rating to an equal weight rating in a research report on Monday, June 27th. JPMorgan Chase & Co. cut Lloyds Banking Group PLC from an overweight rating to a neutral rating in a research report on Monday, June 27th. Berenberg Bank raised Lloyds Banking Group PLC from a sell rating to a hold rating in a research report on Tuesday, July 26th. Finally, Beaufort Securities reissued a buy rating on shares of Lloyds Banking Group PLC in a research report on Wednesday, August 3rd. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of GBX 79.06 ($1.05).

Lloyds Banking Group PLC (NYSE:LYG) traded up 1.00% during mid-day trading on Friday, reaching $3.03. The company’s stock had a trading volume of 257,370 shares. Lloyds Banking Group PLC has a 12-month low of $2.47 and a 12-month high of $4.85. The firm has a market cap of $43.95 billion, a PE ratio of 28.06 and a beta of 1.02. The company has a 50-day moving average price of $3.01 and a 200-day moving average price of $3.58.

The business also recently disclosed a dividend, which will be paid on Tuesday, October 11th. Stockholders 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 (DPR) is 92.86%.

Several large investors have recently bought and sold shares of the company. Macquarie Group Ltd. raised its stake 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 valued at $98,419,000 after buying an additional 7,810,110 shares during the period. Mondrian Investment Partners LTD raised its stake 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 valued at $26,365,000 after buying an additional 3,828,969 shares during the period. Renaissance Technologies LLC raised its stake 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 valued at $19,365,000 after buying an additional 2,224,500 shares during the period. Ngam Advisors L.P. raised its stake in Lloyds Banking Group PLC by 101.9% in the second quarter. Ngam Advisors L.P. now owns 3,006,009 shares of the financial services provider’s stock valued at $8,928,000 after buying an additional 1,517,443 shares during the period. Finally, Raymond James & Associates raised its stake in Lloyds Banking Group PLC by 34.5% in the second quarter. Raymond James & Associates now owns 4,661,315 shares of the financial services provider’s stock valued at $13,844,000 after buying an additional 1,195,317 shares during the period. Hedge funds and other institutional investors own 1.65% of the company’s stock.

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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