Neuberger Berman Group LLC Has $4.98 Million Holdings in Lloyds Banking Group PLC (LYG)

Neuberger Berman Group LLC lowered its stake in Lloyds Banking Group PLC (NYSE:LYG) by 3.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,410,923 shares of the financial services provider’s stock after selling 45,095 shares during the quarter. Neuberger Berman Group LLC owned approximately 0.18% of Lloyds Banking Group PLC worth $4,981,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Schafer Cullen Capital Management Inc. bought a new position in Lloyds Banking Group PLC in the 1st quarter worth about $101,000. CAPROCK Group Inc. boosted its stake in Lloyds Banking Group PLC by 33.1% in 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. Private Advisor Group LLC boosted its stake in Lloyds Banking Group PLC by 199.6% in the 1st quarter. Private Advisor Group LLC now owns 42,947 shares of the financial services provider’s stock worth $121,000 after purchasing an additional 28,612 shares during the period. Signaturefd LLC bought a new position in Lloyds Banking Group PLC in the 1st quarter worth about $125,000. Finally, Eqis Capital Management Inc. boosted its stake in Lloyds Banking Group PLC by 174.6% in the 1st quarter. Eqis Capital Management Inc. now owns 38,950 shares of the financial services provider’s stock worth $132,000 after purchasing an additional 24,765 shares during the period. Institutional investors and hedge funds own 2.12% of the company’s stock.

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Shares of Lloyds Banking Group PLC (LYG) opened at 3.45 on Wednesday. Lloyds Banking Group PLC has a 12-month low of $2.56 and a 12-month high of $3.87. The firm has a 50 day moving average price of $3.43 and a 200 day moving average price of $3.50. The stock has a market cap of $54.92 billion, a PE ratio of 31.94 and a beta of 0.76.

The business also recently declared a None dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Friday, August 11th will be issued a dividend of $0.052 per share. This represents a yield of 2.98%. The ex-dividend date is Wednesday, August 9th. This is a positive change from Lloyds Banking Group PLC’s previous None dividend of $0.05. Lloyds Banking Group PLC’s payout ratio is currently 100.00%.

Several brokerages have commented on LYG. Zacks Investment Research upgraded Lloyds Banking Group PLC from a “hold” rating to a “buy” rating and set a $4.00 target price for the company in a research note on Friday, July 14th. Keefe, Bruyette & Woods downgraded Lloyds Banking Group PLC from a “market perform” rating to an “underperform” rating in a research note on Wednesday, May 31st. Goldman Sachs Group, Inc. (The) restated a “sell” rating on shares of Lloyds Banking Group PLC in a research note on Wednesday, September 6th. ValuEngine downgraded Lloyds Banking Group PLC from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, BidaskClub downgraded Lloyds Banking Group PLC from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. 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. Lloyds Banking Group PLC presently has a consensus rating of “Hold” and an average price target of $3.75.

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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