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

Lloyd Doyle
March 13, 2018

UBS Group set a GBX 85 ($1.17) price target on Lloyds Banking Group (LON:LLOY) in a research note released on Monday, February 12th, www.boersen-zeitung.de reports. Moreover, Family Management Corp has 0.04% invested in the company for 25,200 shares.

Press coverage about Lloyds Banking Group (NYSE:LYG) has trended somewhat positive this week, according to Accern. The fund owned 450,916 shares of the financial services provider's stock after selling 39,818 shares during the quarter. The stock of Lloyds Banking Group plc (LON:LLOY) earned "Buy" rating by Nomura on Wednesday, December 9. The stock exchanged hands 5.59 Million shares versus average trading capacity of 4.96 Million shares, yielding a market cap of $68.93 Billion. Wells Fargo & Company MN now owns 3,221,781 shares of the financial services provider's stock worth $11,792,000 after acquiring an additional 57,289 shares during the last quarter. GBX 78.17's average target is 15.48% above currents GBX 67.69 stock price. The firm now has a buy rating on the financial services provider's stock. Parametric Portfolio Associates LLC raised its position in shares of Lloyds Banking Group by 8.1% during the third quarter.

Lloyds Banking Group (NYSE LYG) remained flat at $$3.82 during mid-day trading on Monday. Mondrian Investment Partners LTD lifted its position in Lloyds Banking Group by 6.4% during the 3rd quarter.


Lloyds Banking Group plc, formerly Lloyds TSB Group plc, is a United Kingdom-based financial services company, whose businesses provide a range of banking and financial services in the United Kingdom and a limited number of locations overseas. Its book value per share for the most recent quarter is $3.75 while its price to book ratio for the same period is 1.02, as for as the company's cash per share for the most recent quarter is $19.54, however its price to cash per share ratio for the same period is 0.2. About 142,750 shares traded. The rating was maintained by Berenberg on Wednesday, November 29 with "Sell". Morgan Stanley downgraded Lloyds Banking Group to an equal weight rating and lowered their price target for the stock from GBX 80 ($1.11) to GBX 75 ($1.04) in a research report on Wednesday, January 10th. Shore Capital restated a buy rating on shares of Lloyds Banking Group in a research report on Wednesday, October 25th.

The business also recently disclosed a semiannual dividend, which will be paid on Friday, June 8th. Investors of record on Friday, April 20th will be issued a $0.1141 dividend. The ex-dividend date is Thursday, April 19th. This represents a dividend yield of 2.99%. This is an increase from Lloyds Banking Group's previous semiannual dividend of $0.08.

TRADEMARK VIOLATION WARNING: This news story was first published by BBNS and is the sole property of of BBNS. If you are viewing this article on another domain, it was illegally stolen and reposted in violation of worldwide copyright laws. Finally, Wells Fargo & Company MN lifted its position in Lloyds Banking Group by 104.2% during the 4th quarter. The Retail segment offers a range of financial service products, including current accounts, savings, and mortgages to wealth and small business customers; and distributes insurance products, and a range of long-term savings and investment products. Fool.Co.Uk's news article titled: "Why Lloyds Banking Group plc is a great dividend stock for 2018" with publication date: February 21, 2018 was also an interesting one. The firm operates through four divisions: Retail, Commercial Banking, Consumer Finance, and Insurance.

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