Lloyds Banking Group PLC (NYSE:LYG) – Equities researchers at Jefferies Group boosted their FY2017 EPS estimates for shares of Lloyds Banking Group PLC in a note issued to investors on Wednesday. Jefferies Group analyst J. Dickerson now forecasts that the financial services provider will post earnings of $0.32 per share for the year, up from their previous estimate of $0.31.

Several other equities research analysts have also recently issued reports on LYG. ValuEngine upgraded Lloyds Banking Group PLC from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. BidaskClub cut Lloyds Banking Group PLC from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. Keefe, Bruyette & Woods cut Lloyds Banking Group PLC from a “market perform” rating to an “underperform” rating in a report on Wednesday, May 31st. Goldman Sachs Group, Inc. (The) restated a “sell” rating on shares of Lloyds Banking Group PLC in a report on Wednesday, May 24th. Finally, Deutsche Bank AG upgraded Lloyds Banking Group PLC from a “hold” rating to a “buy” rating in a report on Monday, May 15th. Six equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. Lloyds Banking Group PLC presently has a consensus rating of “Hold” and an average price target of $3.50.

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Lloyds Banking Group PLC (LYG) opened at 3.57 on Friday. The firm’s 50-day moving average price is $3.64 and its 200-day moving average price is $3.43. The firm has a market cap of $70.67 billion, a price-to-earnings ratio of 22.88 and a beta of 0.77. Lloyds Banking Group PLC has a 1-year low of $2.56 and a 1-year high of $3.87.

A number of institutional investors have recently modified their holdings of the stock. Fisher Asset Management LLC increased its position in shares of Lloyds Banking Group PLC by 12.8% in the second quarter. Fisher Asset Management LLC now owns 116,593,046 shares of the financial services provider’s stock worth $411,573,000 after buying an additional 13,255,507 shares during the last quarter. Hollencrest Securities LLC increased its position in shares of Lloyds Banking Group PLC by 19.0% in the second quarter. Hollencrest Securities LLC now owns 44,136 shares of the financial services provider’s stock worth $156,000 after buying an additional 7,033 shares during the last quarter. Creative Planning increased its position in shares of Lloyds Banking Group PLC by 27.1% in the second quarter. Creative Planning now owns 176,848 shares of the financial services provider’s stock worth $624,000 after buying an additional 37,708 shares during the last quarter. Bank of Montreal Can increased its position in shares of Lloyds Banking Group PLC by 9.0% in the second quarter. Bank of Montreal Can now owns 45,681 shares of the financial services provider’s stock worth $161,000 after buying an additional 3,790 shares during the last quarter. Finally, Fulton Bank N.A. increased its position in shares of Lloyds Banking Group PLC by 38.1% in the second quarter. Fulton Bank N.A. now owns 45,060 shares of the financial services provider’s stock worth $159,000 after buying an additional 12,438 shares during the last quarter. Institutional investors own 1.96% of the company’s stock.

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.

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

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