Scotia Capital Inc. boosted its stake in Lloyds Banking Group PLC (NYSE:LYG) by 1,174.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 127,457 shares of the financial services provider’s stock after acquiring an additional 117,457 shares during the quarter. Scotia Capital Inc.’s holdings in Lloyds Banking Group PLC were worth $450,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its holdings in Lloyds Banking Group PLC by 0.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 28,925 shares of the financial services provider’s stock worth $102,000 after acquiring an additional 215 shares during the period. CAPROCK Group Inc. boosted its holdings 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 acquiring an additional 7,632 shares during the period. Advisor Partners LLC boosted its holdings in Lloyds Banking Group PLC by 107.8% in the 2nd quarter. Advisor Partners LLC now owns 38,591 shares of the financial services provider’s stock worth $136,000 after acquiring an additional 20,020 shares during the period. American Asset Management Inc. purchased a new position in Lloyds Banking Group PLC in the 2nd quarter worth approximately $145,000. Finally, Hollencrest Securities LLC boosted its holdings in Lloyds Banking Group PLC by 19.0% in the 2nd quarter. Hollencrest Securities LLC now owns 44,136 shares of the financial services provider’s stock worth $156,000 after acquiring an additional 7,033 shares during the period. Hedge funds and other institutional investors own 2.11% of the company’s stock.

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Shares of Lloyds Banking Group PLC (NYSE LYG) opened at 3.575 on Tuesday. Lloyds Banking Group PLC has a 52-week low of $2.61 and a 52-week high of $3.87. The firm has a market capitalization of $56.91 billion, a price-to-earnings ratio of 31.920 and a beta of 0.71. The company’s 50 day moving average price is $3.51 and its 200 day moving average price is $3.52.

The firm also recently announced a None dividend, which was paid on Tuesday, October 10th. Shareholders of record on Friday, August 11th were issued a $0.052 dividend. The ex-dividend date of this dividend was Wednesday, August 9th. This represents a yield of 2.98%. This is a positive change from Lloyds Banking Group PLC’s previous None dividend of $0.05. Lloyds Banking Group PLC’s dividend payout ratio (DPR) is 100.00%.

A number of equities analysts have weighed in on the company. Zacks Investment Research upgraded Lloyds Banking Group PLC from a “hold” rating to a “buy” rating and set a $4.00 price target for the company in a report on Tuesday, September 26th. BidaskClub lowered Lloyds Banking Group PLC from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. Credit Suisse Group raised Lloyds Banking Group PLC from a “neutral” rating to an “outperform” rating in a research report on Tuesday, October 10th. ValuEngine raised Lloyds Banking Group PLC from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating on shares of Lloyds Banking Group PLC in a research report on Wednesday, September 6th. Six research analysts have rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $4.00.

About Lloyds Banking Group PLC

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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