Strategic Global Advisors LLC Raises Stake in Lloyds Banking Group PLC (LYG)

Strategic Global Advisors LLC lifted its position in shares of Lloyds Banking Group PLC (NYSE:LYG) by 131.1% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 125,737 shares of the financial services provider’s stock after purchasing an additional 71,339 shares during the quarter. Strategic Global Advisors LLC’s holdings in Lloyds Banking Group PLC were worth $444,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Lloyds Banking Group PLC by 0.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 28,925 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 215 shares during the period. Schafer Cullen Capital Management Inc. purchased a new stake in shares of Lloyds Banking Group PLC during the 1st quarter worth about $101,000. CAPROCK Group Inc. grew its holdings in shares of Lloyds Banking Group PLC by 33.1% during the 2nd quarter. CAPROCK Group Inc. now owns 30,718 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 7,632 shares during the period. Signaturefd LLC purchased a new stake in shares of Lloyds Banking Group PLC during the 1st quarter worth about $125,000. Finally, Advisor Partners LLC grew its holdings in shares of Lloyds Banking Group PLC by 107.8% during the 2nd quarter. Advisor Partners LLC now owns 38,591 shares of the financial services provider’s stock worth $136,000 after purchasing an additional 20,020 shares during the period. Institutional investors and hedge funds own 2.12% of the company’s stock.

Lloyds Banking Group PLC (NYSE:LYG) traded down 0.56% during trading on Friday, reaching $3.54. The company’s stock had a trading volume of 2,223,158 shares. The stock’s 50-day moving average is $3.41 and its 200 day moving average is $3.50. Lloyds Banking Group PLC has a 52-week low of $2.56 and a 52-week high of $3.87. The firm has a market capitalization of $56.35 billion, a price-to-earnings ratio of 32.78 and a beta of 0.76.

The business also recently disclosed a None dividend, which will be paid on Tuesday, October 10th. Investors of record on Friday, August 11th will be paid 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 (DPR) is presently 100.00%.

A number of analysts have recently issued reports on the company. Goldman Sachs Group, Inc. (The) reiterated a “sell” rating on shares of Lloyds Banking Group PLC in a report on Wednesday, September 6th. Zacks Investment Research upgraded Lloyds Banking Group PLC from a “hold” rating to a “buy” rating and set a $3.75 target price for the company in a report on Tuesday, September 5th. BidaskClub cut Lloyds Banking Group PLC from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 2nd. ValuEngine upgraded Lloyds Banking Group PLC from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. Finally, Keefe, Bruyette & Woods cut Lloyds Banking Group PLC from a “market perform” rating to an “underperform” rating in a report on Wednesday, May 31st. Six investment analysts have rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $3.75.

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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.

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

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