Lloyds Banking Group PLC (LYG) Receives Consensus Rating of “Hold” from Brokerages

Lloyds Banking Group PLC (NYSE:LYG) has been given an average recommendation of “Hold” by the fifteen research firms that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, six have given a hold recommendation and five have assigned a buy recommendation to the company.

Several brokerages recently commented on LYG. Zacks Investment Research raised shares of Lloyds Banking Group from a “sell” rating to a “hold” rating in a research note on Wednesday, August 29th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Lloyds Banking Group in a research note on Tuesday, September 4th. ValuEngine downgraded shares of Lloyds Banking Group from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Citigroup raised shares of Lloyds Banking Group from a “sell” rating to a “neutral” rating in a research note on Thursday, August 2nd. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Lloyds Banking Group in a research note on Tuesday, August 14th.

NYSE:LYG traded down $0.06 on Friday, hitting $3.24. The company had a trading volume of 170,932 shares, compared to its average volume of 3,907,069. The company has a market cap of $57.84 billion, a price-to-earnings ratio of 5.87 and a beta of 0.85. The company has a debt-to-equity ratio of 2.22, a current ratio of 1.43 and a quick ratio of 1.40. Lloyds Banking Group has a 52 week low of $3.02 and a 52 week high of $4.21.

Lloyds Banking Group (NYSE:LYG) last issued its quarterly earnings data on Tuesday, July 31st. The financial services provider reported $0.16 EPS for the quarter. The business had revenue of $4.32 billion during the quarter. Lloyds Banking Group had a net margin of 15.05% and a return on equity of 15.62%. analysts expect that Lloyds Banking Group will post 0.4 EPS for the current year.

The firm also recently declared a Semi-Annual dividend, which will be paid on Tuesday, October 9th. Stockholders of record on Friday, August 17th will be paid a dividend of $0.056 per share. The ex-dividend date is Thursday, August 16th. This is an increase from Lloyds Banking Group’s previous Semi-Annual dividend of $0.05. Lloyds Banking Group’s dividend payout ratio (DPR) is presently 20.00%.

Several hedge funds have recently added to or reduced their stakes in the company. Northern Trust Corp raised its stake in shares of Lloyds Banking Group by 3.4% during the second quarter. Northern Trust Corp now owns 24,596,675 shares of the financial services provider’s stock valued at $81,907,000 after acquiring an additional 801,872 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Lloyds Banking Group by 4.7% during the second quarter. Bank of New York Mellon Corp now owns 1,053,214 shares of the financial services provider’s stock valued at $3,507,000 after acquiring an additional 47,521 shares during the last quarter. HighPoint Advisor Group LLC bought a new position in shares of Lloyds Banking Group during the second quarter valued at $113,000. HPM Partners LLC raised its stake in shares of Lloyds Banking Group by 260.0% during the second quarter. HPM Partners LLC now owns 86,448 shares of the financial services provider’s stock valued at $288,000 after acquiring an additional 62,438 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of Lloyds Banking Group by 1,889.7% during the second quarter. Tower Research Capital LLC TRC now owns 47,752 shares of the financial services provider’s stock valued at $159,000 after acquiring an additional 45,352 shares during the last quarter. 2.55% of the stock is owned by hedge funds and other institutional investors.

About Lloyds Banking Group

Lloyds Banking Group plc provides banking and financial services under the Lloyds Bank, Halifax, Bank of Scotland, and Scottish Widows brands in the United Kingdom and internationally. The company operates through three segments: Retail, Commercial Banking, and Insurance and Wealth. The Retail segment offers a range of financial service products, including current accounts, savings accounts, mortgages, motor finance, and unsecured consumer lending products to personal and small business customers.

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Analyst Recommendations for Lloyds Banking Group (NYSE:LYG)

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