Lloyds Banking Group PLC (LLOY) Insider Purchases 4784 Shares of Stock

Lloyd Doyle
August 14, 2017

The firm owned 38,591 shares of the financial services provider's stock after buying an additional 20,020 shares during the period. The stock has a consensus rating of Buy and a consensus price target of GBX 157.60 ($2.05).

Several other large investors also recently made changes to their positions in LYG.

COPYRIGHT VIOLATION NOTICE: "Lloyds Banking Group PLC (LLOY) Rating Reiterated by Shore Capital" was posted by Community Financial News and is owned by of Community Financial News.

In an effort to take advantage of pension reforms in the United Kingdom, chief executive Antonio Horta-Osorio will unveil the plan as part of the group's three-year growth plan in February next year, the Financial Times reported, citing a banker briefed on the strategy. Clearbridge Investments LLC raised its stake in Lloyds Banking Group PLC by 1.9% in the first quarter. Raymond James Trust N.A. now owns 91,309 shares of the financial services provider's stock worth $310,000 after buying an additional 33,131 shares in the last 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 last quarter.

On Tuesday, May 9th, Antonio Horta-Osorio bought 216 shares of Lloyds Banking Group PLC stock. Sawtooth Solutions LLC now owns 39,102 shares of the financial services provider's stock valued at $133,000 after buying an additional 10,152 shares during the last quarter. Hedge funds and other institutional investors own 2.03% of the company's stock.


Lloyds Banking Group PLC (LON:LLOY) opened at 65.25 on Monday. Lloyds Banking Group PLC has a 1-year low of $2.56 and a 1-year high of $3.87. The firm has a 50 day moving average price of GBX 1,346.72 and a 200-day moving average price of GBX 1,430.29. The company's market cap is GBX 41.16 billion. Stockholders of record on Friday, August 11th will be paid a $0.052 dividend. The ex-dividend date is Wednesday, August 9th. This represents a dividend yield of 1.45%. This is a boost from Lloyds Banking Group PLC's previous None dividend of $0.05. Lloyds Banking Group PLC's payout ratio is 100.00%.

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LYG has been the subject of a number of recent analyst reports. J P Morgan Chase & Co set a GBX 83 ($1.08) target price on Lloyds Banking Group PLC and gave the stock a "buy" rating in a research note on Thursday. HSBC Holdings plc lifted their price objective on Lloyds Banking Group PLC from GBX 75 ($0.98) to GBX 76 ($0.99) and gave the company a "buy" rating in a report on Tuesday, May 2nd.

Connect Group PLC (LON:CNCT) had its price objective reduced by FinnCap from GBX 187 ($2.44) to GBX 154 ($2.01) in a research note published on Monday, July 31st. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Finally, Deutsche Bank AG lowered their price target on Lloyds Banking Group PLC from GBX 70 ($0.91) to GBX 66 ($0.86) and set a hold rating on the stock in a research report on Wednesday, April 19th.

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