Lloyds Banking Group PLC (NYSE:LYG) – Equities researchers at Jefferies Group raised their FY2018 earnings per share estimates for shares of Lloyds Banking Group PLC in a research note issued on Wednesday. Jefferies Group analyst J. Dickerson now forecasts that the financial services provider will post earnings of $0.43 per share for the year, up from their previous forecast of $0.35. Jefferies Group also issued estimates for Lloyds Banking Group PLC’s FY2019 earnings at $0.43 EPS.

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A number of other equities research analysts have also commented on LYG. Zacks Investment Research upgraded Lloyds Banking Group PLC from a “hold” rating to a “buy” rating and set a $4.00 price target on the stock in a research report on Tuesday. BidaskClub lowered Lloyds Banking Group PLC from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. ValuEngine raised Lloyds Banking Group PLC from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. Finally, Goldman Sachs Group, Inc. (The) reissued a “sell” rating on shares of Lloyds Banking Group PLC in a research note on Wednesday, September 6th. Six research analysts have rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $4.00.

Shares of Lloyds Banking Group PLC (NYSE LYG) opened at 3.66 on Thursday. Lloyds Banking Group PLC has a 52-week low of $2.56 and a 52-week high of $3.87. The firm has a market cap of $58.26 billion, a price-to-earnings ratio of 32.68 and a beta of 0.76. The stock’s 50 day moving average price is $3.41 and its 200-day moving average price is $3.50.

A number of hedge funds have recently bought and sold shares of LYG. Bank of Montreal Can raised its stake in Lloyds Banking Group PLC by 124.5% during the 1st quarter. Bank of Montreal Can now owns 41,891 shares of the financial services provider’s stock worth $142,000 after buying an additional 23,231 shares during the period. Nationwide Fund Advisors raised its stake in shares of Lloyds Banking Group PLC by 24.7% in the first quarter. Nationwide Fund Advisors now owns 241,909 shares of the financial services provider’s stock worth $822,000 after purchasing an additional 47,858 shares during the last quarter. Wells Fargo & Company MN raised 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 purchasing an additional 259,440 shares during the last quarter. US Bancorp DE raised its stake in shares of Lloyds Banking Group PLC by 219.0% in the first quarter. US Bancorp DE now owns 281,171 shares of the financial services provider’s stock worth $956,000 after purchasing an additional 193,020 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of Lloyds Banking Group PLC by 174.4% in the first quarter. Envestnet Asset Management Inc. now owns 410,504 shares of the financial services provider’s stock worth $1,396,000 after purchasing an additional 260,915 shares during the last quarter. 2.11% of the stock is currently owned by institutional investors and hedge funds.

The company also recently declared a None dividend, which will be paid on Tuesday, October 10th. Investors of record on Friday, August 11th will be paid a dividend of $0.052 per share. This is an increase from Lloyds Banking Group PLC’s previous None dividend of $0.05. This represents a yield of 2.98%. The ex-dividend date of this dividend is Wednesday, August 9th. Lloyds Banking Group PLC’s dividend payout ratio is 100.00%.

About Lloyds Banking Group PLC

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.

Earnings History and Estimates for Lloyds Banking Group PLC (NYSE:LYG)

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