Mondrian Investment Partners Ltd. recently announced the acquisition of new stake in Lloyds Banking Group plc ADR (NYSE:LYG). The institutional investor has increased its shareholding in the Financial company by 8.72% to 29.13 million shares with purchase of 2.34 million shares. This fresh investment now brings its stake to 0.18% valued currently at $63.8 million. In addition, Goldman Sachs Asset Management LP raised its holdings by 1.04 million to 20.95 million shares. And Dimensional Fund Advisors LP has lifted its position by 1.43% or 0.26 million shares – to 18.19 million shares.
With over 7.78 million Lloyds Banking Group plc ADR (LYG) shares trading Tuesday and a closing price of $2.39 on the day, the dollar volume was approximately $18.59 million. Currently, there are 16.74B common shares owned by the public and among those 15.80B shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 18 analysts who have offered their price forecasts for LYG have a consensus price objective of $0.57. The analysts have set the share’s price value over the next 12 months at a high of $0.77 and a low of $0.41. The average price target is 14.95% above its recent price level and a downside to the estimated low will see the stock lose -482.93% over that period. But a downside of -210.39% will see the stock hit the forecast high price target while median target price for the stock is $0.57.
The top 3 mutual fund holders in Lloyds Banking Group plc ADR are Dimensional International Value E, Avantis International Equity ETF, and Dimensional International Core Eq. Dimensional International Value E owns 3.78 million shares of the company’s stock, all valued at over $8.28 million. Dimensional International Core Eq bought 15720.0 shares to bring its total holdings to over 3.2 million shares at a value of $7.01 million. Dimensional International Core Eq now owns shares totaling to 0.02% of the shares outstanding.
Shares of Lloyds Banking Group plc ADR (NYSE: LYG) opened at $2.40, up $0.01 from a prior closing price of $2.39. The company’s stock has a 5-day price change of -0.83% and 16.02% over the past three months. LYG shares are trading 0.00% year to date (YTD), with the 12-month market performance up to 7.66% higher. It has a 12-month low price of $1.88 and touched a high of $2.63 over the same period. LYG has an average intraday trading volume of 8.56 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.29%, 10.60%, and 8.40% respectively.
Institutional ownership of Lloyds Banking Group plc ADR (NYSE: LYG) shares accounts for 2.02% of the company’s 16.74B shares outstanding. Mutual fund holders own 0.15%, while other institutional holders and individual stakeholders account for 1.83% and — respectively.
It has a market capitalization of $37.77B and a beta (3y monthly) value of 1.36. The company has a debt-to-equity ratio at 0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.30% over the week and 1.69% over the month.
The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Earnings per share for the fiscal year are expected to increase by 8.36%, and -6.61% over the next financial year. EPS should shrink at an annualized rate of -10.30% over the next five years, compared to 9.74% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 18 brokerage firm advisors rate Lloyds Banking Group plc ADR (LYG) as a “Moderate Buy” at a consensus score of 2.33. Specifically, 8 Wall Street analysts polled rate the stock as a buy, while 6 of the 18 advise that investors “hold,” and 2 rated it as a “Sell.”
