Citigroup Inc. reaffirmed their buy rating on shares of Lloyds Banking Group PLC (NYSE:LYG) in a research report sent to investors on Tuesday morning.

Other equities analysts also recently issued reports about the company. Deutsche Bank AG reaffirmed a buy rating on shares of Lloyds Banking Group PLC in a research report on Thursday, June 16th. Beaufort Securities reaffirmed a buy rating on shares of Lloyds Banking Group PLC in a research report on Wednesday, August 3rd. Zacks Investment Research raised Lloyds Banking Group PLC from a sell rating to a buy rating and set a $4.75 target price for the company in a research report on Wednesday, June 22nd. Investec raised Lloyds Banking Group PLC from a hold rating to a buy rating in a research report on Thursday, August 25th. Finally, Barclays PLC downgraded Lloyds Banking Group PLC from an overweight rating to an equal weight rating in a research report on Monday, June 27th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. The company has a consensus rating of Hold and an average price target of GBX 79.06 ($0.98).

Analyst Recommendations for Lloyds Banking Group PLC (NYSE:LYG)

Lloyds Banking Group PLC (NYSE:LYG) opened at 2.65 on Tuesday. Lloyds Banking Group PLC has a 12-month low of $2.47 and a 12-month high of $4.85. The stock has a 50 day moving average of $3.01 and a 200 day moving average of $3.42. The stock has a market cap of $38.44 billion, a P/E ratio of 25.48 and a beta of 1.09.

The firm also recently declared a dividend, which was paid on Tuesday, October 11th. Investors of record on Friday, August 12th were issued a $0.045 dividend. The ex-dividend date was Wednesday, August 10th. Lloyds Banking Group PLC’s dividend payout ratio (DPR) is 92.86%.

Institutional investors have recently made changes to their positions in the stock. Rehmann Capital Advisory Group increased its position in shares of Lloyds Banking Group PLC by 5.1% in the second quarter. Rehmann Capital Advisory Group now owns 35,894 shares of the financial services provider’s stock worth $107,000 after buying an additional 1,747 shares during the period. Assetmark Inc. increased its position in shares of Lloyds Banking Group PLC by 0.9% in the second quarter. Assetmark Inc. now owns 35,998 shares of the financial services provider’s stock worth $107,000 after buying an additional 336 shares during the period. Eqis Capital Management Inc. increased its position in shares of Lloyds Banking Group PLC by 217.8% in the third quarter. Eqis Capital Management Inc. now owns 48,232 shares of the financial services provider’s stock worth $138,000 after buying an additional 33,056 shares during the period. CIBC World Markets Inc. increased its position in shares of Lloyds Banking Group PLC by 62.2% in the second quarter. CIBC World Markets Inc. now owns 59,518 shares of the financial services provider’s stock worth $177,000 after buying an additional 22,821 shares during the period. Finally, Private Bank & Trust Co. increased its position in shares of Lloyds Banking Group PLC by 27.9% in the second quarter. Private Bank & Trust Co. now owns 61,027 shares of the financial services provider’s stock worth $181,000 after buying an additional 13,297 shares during the period. 1.65% of the stock is owned by hedge funds and other institutional investors.

About Lloyds Banking Group PLC

LLOYDS BANKING GROUP plc provides financial services to individual and business customers in the United Kingdom but also overseas. The Company’s business activities include retail and commercial banking, long-term savings, protection and investment. It operates through its segments, including Retail, Commercial Banking, Consumer Finance and Insurance.

5 Day Chart for NYSE:LYG

Receive News & Stock Ratings for Lloyds Banking Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lloyds Banking Group PLC and related stocks with our FREE daily email newsletter.