Mondrian Investment Partners LTD boosted its position in Lloyds Banking Group PLC (NYSE:LYG) by 10.2% during the second quarter, Holdings Channel reports. The fund owned 13,946,206 shares of the financial services provider’s stock after buying an additional 1,291,000 shares during the period. Lloyds Banking Group PLC comprises approximately 1.4% of Mondrian Investment Partners LTD’s holdings, making the stock its 28th largest position. Mondrian Investment Partners LTD’s holdings in Lloyds Banking Group PLC were worth $49,230,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of LYG. Boston Partners purchased a new stake in shares of Lloyds Banking Group PLC during the first quarter worth about $185,356,000. 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 last quarter. 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 last quarter. Tocqueville Asset Management L.P. purchased 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 last quarter. 2.05% of the stock is owned by institutional investors and hedge funds.

Shares of Lloyds Banking Group PLC (NYSE LYG) opened at 3.39 on Friday. The firm has a 50-day moving average of $3.53 and a 200 day moving average of $3.50. Lloyds Banking Group PLC has a 1-year low of $2.56 and a 1-year high of $3.87. The stock has a market capitalization of $53.96 billion, a PE ratio of 30.27 and a beta of 0.76.

The business also recently announced a None dividend, which will be paid on Tuesday, October 10th. Stockholders of record on Friday, August 11th will be issued a $0.052 dividend. This represents a dividend yield of 2.98%. The ex-dividend date is Wednesday, August 9th. This is an increase from Lloyds Banking Group PLC’s previous None dividend of $0.05. Lloyds Banking Group PLC’s payout ratio is 128.57%.

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

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.

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

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