PNC Financial Services Group Inc. grew its holdings in shares of Lloyds Banking Group PLC (NYSE:LYG) by 5.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,045,932 shares of the financial services provider’s stock after purchasing an additional 102,310 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.26% of Lloyds Banking Group PLC worth $7,222,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LYG. Bank of Montreal Can increased its position in shares of Lloyds Banking Group PLC by 124.5% during the 1st quarter. Bank of Montreal Can now owns 41,891 shares of the financial services provider’s stock valued at $142,000 after purchasing an additional 23,231 shares during the last quarter. Nationwide Fund Advisors increased its position in shares of Lloyds Banking Group PLC by 24.7% during the 1st quarter. Nationwide Fund Advisors now owns 241,909 shares of the financial services provider’s stock valued at $822,000 after purchasing an additional 47,858 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Lloyds Banking Group PLC by 8.9% during the 1st quarter. Wells Fargo & Company MN now owns 3,167,070 shares of the financial services provider’s stock valued at $10,768,000 after purchasing an additional 259,440 shares during the last quarter. US Bancorp DE increased its position in shares of Lloyds Banking Group PLC by 219.0% during the 1st quarter. US Bancorp DE now owns 281,171 shares of the financial services provider’s stock valued at $956,000 after purchasing an additional 193,020 shares during the last quarter. Finally, Eagle Asset Management Inc. increased its position in shares of Lloyds Banking Group PLC by 125.5% during the 1st quarter. Eagle Asset Management Inc. now owns 80,878 shares of the financial services provider’s stock valued at $274,000 after purchasing an additional 45,018 shares during the last quarter. 2.11% of the stock is owned by hedge funds and other institutional investors.

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Several research firms have recently commented on LYG. Keefe, Bruyette & Woods lowered shares of Lloyds Banking Group PLC from a “market perform” rating to an “underperform” rating in a research report on Wednesday, May 31st. ValuEngine downgraded Lloyds Banking Group PLC from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research downgraded Lloyds Banking Group PLC from a “buy” rating to a “hold” rating in a research note on Saturday. BidaskClub downgraded Lloyds Banking Group PLC from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 2nd. Finally, Goldman Sachs Group, Inc. (The) reiterated a “sell” rating on shares of Lloyds Banking Group PLC in a research note on Wednesday, September 6th. Six research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $3.75.

Lloyds Banking Group PLC (LYG) opened at 3.64 on Friday. The company has a market capitalization of $57.94 billion, a P/E ratio of 32.50 and a beta of 0.76. The firm has a 50-day moving average price of $3.41 and a 200 day moving average price of $3.50. Lloyds Banking Group PLC has a 1-year low of $2.56 and a 1-year high of $3.87.

The firm also recently disclosed a None dividend, which will be paid on Tuesday, October 10th. Stockholders of record on Friday, August 11th will be given a $0.052 dividend. The ex-dividend date of this dividend is Wednesday, August 9th. This is a boost from Lloyds Banking Group PLC’s previous None dividend of $0.05. This represents a dividend yield of 2.98%. Lloyds Banking Group PLC’s payout ratio is 100.00%.

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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