Goldman Sachs Group, Inc. (The) reiterated their sell rating on shares of Lloyds Banking Group PLC (NYSE:LYG) in a research report report published on Wednesday morning.

Several other brokerages have also issued reports on LYG. Zacks Investment Research lowered shares of Lloyds Banking Group PLC from a buy rating to a hold rating in a report on Friday, August 25th. Deutsche Bank AG upgraded shares of Lloyds Banking Group PLC from a hold rating to a buy rating in a research note on Monday, May 15th. ValuEngine lowered shares of Lloyds Banking Group PLC from a buy rating to a hold rating in a research note on Friday, June 2nd. BidaskClub lowered shares of Lloyds Banking Group PLC from a sell rating to a strong sell rating in a research note on Wednesday, August 2nd. Finally, Sanford C. Bernstein reiterated an underperform rating on shares of Lloyds Banking Group PLC in a research note on Tuesday, May 9th. Six investment analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the stock. Lloyds Banking Group PLC has an average rating of Hold and a consensus price target of $3.75.

Shares of Lloyds Banking Group PLC (LYG) opened at 3.36 on Wednesday. The stock has a market cap of $53.48 billion, a P/E ratio of 31.11 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 stock has a 50 day moving average of $3.43 and a 200 day moving average of $3.50.

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The business also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, August 9th. This is an increase from Lloyds Banking Group PLC’s previous None dividend of $0.05. This represents a dividend yield of 2.98%. Lloyds Banking Group PLC’s payout ratio is currently 100.00%.

Institutional investors have recently made changes to their positions in the company. Wells Fargo & Company MN grew its position in shares of Lloyds Banking Group PLC by 8.9% during 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 in the last quarter. Schafer Cullen Capital Management Inc. acquired a new position in shares of Lloyds Banking Group PLC during the first quarter worth about $101,000. TD Asset Management Inc. grew its position in shares of Lloyds Banking Group PLC by 13.0% during the first quarter. TD Asset Management Inc. now owns 1,330,666 shares of the financial services provider’s stock worth $4,524,000 after buying an additional 153,324 shares in the last quarter. Eagle Asset Management Inc. grew its position in shares of Lloyds Banking Group PLC by 125.5% during the first quarter. Eagle Asset Management Inc. now owns 80,878 shares of the financial services provider’s stock worth $274,000 after buying an additional 45,018 shares in the last quarter. Finally, Fisher Asset Management LLC grew its position in shares of Lloyds Banking Group PLC by 12.8% during 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 in the last quarter. 2.12% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Lloyds Banking Group PLC (NYSE:LYG)

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