UBS Group restated their neutral rating on shares of Lloyds Banking Group (NYSE:LYG – Free Report) in a report released on Tuesday morning, Marketbeat Ratings reports.
Several other analysts have also recently commented on the stock. Berenberg Bank assumed coverage on shares of Lloyds Banking Group in a research note on Thursday, April 25th. They set a hold rating and a $2.75 price target on the stock. BNP Paribas raised shares of Lloyds Banking Group from a neutral rating to an outperform rating in a research note on Friday, July 5th. Royal Bank of Canada cut shares of Lloyds Banking Group from an outperform rating to a sector perform rating in a research note on Friday, July 26th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Lloyds Banking Group in a research note on Thursday, May 9th. They set a buy rating on the stock. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of $32.38.
Check Out Our Latest Research Report on Lloyds Banking Group
Lloyds Banking Group Stock Performance
Lloyds Banking Group Increases Dividend
The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, September 20th. Shareholders of record on Monday, August 5th will be paid a $0.0546 dividend. The ex-dividend date is Monday, August 5th. This is a boost from Lloyds Banking Group’s previous semi-annual dividend of $0.05. This represents a yield of 4.4%. Lloyds Banking Group’s dividend payout ratio (DPR) is presently 47.37%.
Hedge Funds Weigh In On Lloyds Banking Group
Hedge funds and other institutional investors have recently bought and sold shares of the business. Transcend Capital Advisors LLC bought a new position in Lloyds Banking Group in the second quarter valued at approximately $28,000. Interchange Capital Partners LLC bought a new position in shares of Lloyds Banking Group during the second quarter worth $28,000. TCG Advisory Services LLC bought a new position in shares of Lloyds Banking Group during the fourth quarter worth $25,000. Naples Money Management LLC bought a new position in shares of Lloyds Banking Group during the fourth quarter worth $25,000. Finally, Intergy Private Wealth LLC bought a new position in shares of Lloyds Banking Group during the second quarter worth $29,000. 2.15% of the stock is owned by institutional investors.
Lloyds Banking Group Company Profile
Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom and internationally. It operates in three segments: Retail; Commercial Banking; and Insurance, Pensions and Investments. The Retail segment offers a range of financial service products, including current accounts, savings, mortgages, motor finance, unsecured loans, leasing solutions, and credit cards to personal customers.
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