Boston Partners decreased its position in shares of Lloyds Banking Group PLC (NYSE:LYG) by 5.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 51,384,796 shares of the financial services provider’s stock after selling 3,131,802 shares during the period. Boston Partners’ holdings in Lloyds Banking Group PLC were worth $181,389,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Checchi Capital Advisers LLC increased its stake in shares of Lloyds Banking Group PLC by 24.2% in the first quarter. Checchi Capital Advisers LLC now owns 66,168 shares of the financial services provider’s stock worth $225,000 after buying an additional 12,877 shares during the period. Eqis Capital Management Inc. increased its stake in shares of Lloyds Banking Group PLC by 174.6% in the first quarter. Eqis Capital Management Inc. now owns 38,950 shares of the financial services provider’s stock worth $132,000 after buying an additional 24,765 shares during the period. OLD National Bancorp IN increased its stake in shares of Lloyds Banking Group PLC by 41.8% in the first quarter. OLD National Bancorp IN now owns 85,891 shares of the financial services provider’s stock worth $293,000 after buying an additional 25,318 shares during the period. Tocqueville Asset Management L.P. bought a new stake in shares of Lloyds Banking Group PLC during the first quarter worth about $1,377,000. Finally, Wells Fargo & Company MN increased its stake in shares of Lloyds Banking Group PLC by 8.9% in the first quarter. Wells Fargo & Company MN now owns 3,167,070 shares of the financial services provider’s stock worth $10,768,000 after buying an additional 259,440 shares during the period. Institutional investors and hedge funds own 2.05% of the company’s stock.

Lloyds Banking Group PLC (LYG) opened at 3.40 on Friday. The company has a 50-day moving average price of $3.53 and a 200 day moving average price of $3.50. The company has a market cap of $54.12 billion, a PE 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 company also recently declared a None dividend, which will be paid on Tuesday, October 10th. Stockholders of record on Friday, August 11th will be given a dividend of $0.052 per share. This represents a dividend yield of 2.98%. The ex-dividend date of this dividend is Wednesday, August 9th. This is a positive change from Lloyds Banking Group PLC’s previous None dividend of $0.05. Lloyds Banking Group PLC’s payout ratio is presently 100.00%.

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A number of equities research analysts have issued reports on the company. Goldman Sachs Group, Inc. (The) restated a “sell” rating on shares of Lloyds Banking Group PLC in a research report on Wednesday, May 24th. Keefe, Bruyette & Woods downgraded Lloyds Banking Group PLC from a “market perform” rating to an “underperform” rating in a research report on Wednesday, May 31st. ValuEngine downgraded Lloyds Banking Group PLC from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Sanford C. Bernstein restated an “underperform” rating on shares of Lloyds Banking Group PLC in a research report on Tuesday, May 9th. Finally, Deutsche Bank AG upgraded Lloyds Banking Group PLC from a “hold” rating to a “buy” rating in a research report on Monday, May 15th. Six research analysts have rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $4.00.

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.

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Institutional Ownership by Quarter for Lloyds Banking Group PLC (NYSE:LYG)

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