CAPROCK Group Inc. raised its stake in Lloyds Banking Group PLC (NYSE:LYG) by 33.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,718 shares of the financial services provider’s stock after buying an additional 7,632 shares during the period. CAPROCK Group Inc.’s holdings in Lloyds Banking Group PLC were worth $108,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Hollencrest Securities LLC boosted its stake in Lloyds Banking Group PLC by 1.0% in the first quarter. Hollencrest Securities LLC now owns 37,103 shares of the financial services provider’s stock valued at $126,000 after buying an additional 355 shares during the period. Wetherby Asset Management Inc. boosted its stake in Lloyds Banking Group PLC by 2.3% in the first quarter. Wetherby Asset Management Inc. now owns 93,935 shares of the financial services provider’s stock valued at $319,000 after buying an additional 2,083 shares during the period. Comerica Securities Inc. boosted its stake in Lloyds Banking Group PLC by 5.3% in the first quarter. Comerica Securities Inc. now owns 60,379 shares of the financial services provider’s stock valued at $205,000 after buying an additional 3,032 shares during the period. Clearbridge Investments LLC boosted its stake in Lloyds Banking Group PLC by 1.9% in the first quarter. Clearbridge Investments LLC now owns 187,532 shares of the financial services provider’s stock valued at $638,000 after buying an additional 3,408 shares during the period. Finally, Bank of Montreal Can boosted its stake in 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 valued at $161,000 after buying an additional 3,790 shares during the period. Institutional investors and hedge funds own 2.03% of the company’s stock.
Lloyds Banking Group PLC (NYSE:LYG) traded down 0.60% during trading on Friday, hitting $3.34. The stock had a trading volume of 5,627,281 shares. Lloyds Banking Group PLC has a 52-week low of $2.56 and a 52-week high of $3.87. The company’s 50 day moving average is $3.52 and its 200 day moving average is $3.50. The firm has a market cap of $53.16 billion, a PE ratio of 30.93 and a beta of 0.76.
The company also recently announced a None dividend, which will be paid on Tuesday, October 10th. Investors of record on Friday, August 11th will be given a $0.052 dividend. This represents a dividend yield of 2.98%. This is an increase from Lloyds Banking Group PLC’s previous None dividend of $0.05. The ex-dividend date is Wednesday, August 9th. Lloyds Banking Group PLC’s dividend payout ratio is presently 100.00%.
Several equities research analysts have weighed in on the company. Zacks Investment Research upgraded Lloyds Banking Group PLC from a “hold” rating to a “buy” rating and set a $4.00 price objective for the company in a report on Friday, July 14th. Keefe, Bruyette & Woods lowered Lloyds Banking Group PLC from a “market perform” rating to an “underperform” rating in a research report on Wednesday, May 31st. ValuEngine lowered Lloyds Banking Group PLC from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Sanford C. Bernstein reissued an “underperform” rating on shares of Lloyds Banking Group PLC in a research report on Tuesday, May 9th. Finally, Goldman Sachs Group, Inc. (The) reissued a “sell” rating on shares of Lloyds Banking Group PLC in a research report on Wednesday, May 24th. Six research analysts have rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the stock. The company 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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