Schafer Cullen Capital Management Inc. Acquires 240,095 Shares of Lloyds Banking Group PLC (LYG)

Schafer Cullen Capital Management Inc. grew its holdings in Lloyds Banking Group PLC (NYSE:LYG) by 807.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 269,825 shares of the financial services provider’s stock after purchasing an additional 240,095 shares during the quarter. Schafer Cullen Capital Management Inc.’s holdings in Lloyds Banking Group PLC were worth $952,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its holdings in shares of 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 valued at $102,000 after purchasing an additional 215 shares in the last quarter. CAPROCK Group Inc. raised its holdings in shares of 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 valued at $108,000 after purchasing an additional 7,632 shares in the last quarter. Signaturefd LLC bought a new stake in shares of Lloyds Banking Group PLC in the 1st quarter valued at about $125,000. Advisor Partners LLC raised its holdings in shares of 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 valued at $136,000 after purchasing an additional 20,020 shares in the last quarter. Finally, American Asset Management Inc. bought a new stake in shares of Lloyds Banking Group PLC in the 2nd quarter valued at about $145,000. Institutional investors and hedge funds own 2.11% of the company’s stock.

Lloyds Banking Group PLC (NYSE:LYG) traded up 0.28% on Friday, hitting $3.58. 3,268,270 shares of the company traded hands. Lloyds Banking Group PLC has a 12 month low of $2.61 and a 12 month high of $3.87. The stock’s 50-day moving average is $3.50 and its 200 day moving average is $3.52. The firm has a market capitalization of $56.98 billion, a P/E ratio of 31.96 and a beta of 0.71.

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

TRADEMARK VIOLATION NOTICE: This article was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this article on another site, it was illegally copied and reposted in violation of United States and international copyright legislation. The legal version of this article can be read at https://www.dispatchtribunal.com/2017/10/14/schafer-cullen-capital-management-inc-acquires-240095-shares-of-lloyds-banking-group-plc-lyg.html.

LYG has been the subject of several recent research reports. Zacks Investment Research upgraded shares of 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. ValuEngine upgraded shares of Lloyds Banking Group PLC from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. Credit Suisse Group upgraded shares of Lloyds Banking Group PLC from a “neutral” rating to an “outperform” rating in a report on Tuesday. Goldman Sachs Group, Inc. (The) restated a “sell” rating on shares of Lloyds Banking Group PLC in a report on Wednesday, September 6th. Finally, BidaskClub lowered shares of Lloyds Banking Group PLC from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. Six investment analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $4.00.

Lloyds Banking Group PLC 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)

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply