Lloyds Banking Group Plc (Adr) (NYSE:LYG) Shareholder Schafer Cullen Capital Management Inc Upped Position as Price Rose by $43.97 Million

May 16, 2018 - By Mary Kidd

Lloyds Banking Group plc (NYSE:LYG) Corporate Logo

Based on the latest 2018Q1 form from the SEC, Schafer Cullen Capital Management Inc upped its stake in Lloyds Banking Group Plc (Adr) (NYSE:LYG) by 4506.36%. Lloyds Banking Group Plc (Adr) (NYSE:LYG) stock Popped Up 0.55% while Schafer Cullen Capital Management Inc bought 14.66M shares. Schafer Cullen Capital Management Inc is holding 14.98M shares, compared to 325,260 last quarter. The announced value is $55.74M. $63.60B is the Lloyds Banking Group Plc (Adr)’s market cap. LYG is hitting $3.55 during the last trading session, after decreased 1.39%.Currently Lloyds Banking Group plc is uptrending after 8.13% change in last May 17, 2017. LYG has also 1.91 million shares volume. The stock underperformed the S&P 500 by 3.42%.

According to the form Schafer Cullen Capital Management Inc’s stake in Boeing Co. (NYSE:BA) was reduced by 167,956 shares to 213,509 shares valued at $70.01M in 2018Q1. It operates about $10.62B and $8.32 billion US longs. It decreased Smurfit Kappa Group Plc (Adr) () position by 841,404 shares to 2.26M shares, and cut its Orkla As (Adr) (ORKLY) stake.

Schafer Cullen Capital Management Inc is a New York-based hedge fund with more than $10.62 billion AUM in April, 2014. Taken from Schafer Cullen Capital Management latest Adv, the fund reported to have 39 full and part-time employees. Among which 15 performing investment advisory and research functions. The hedge fund had more than 15600 clients.

Lloyds Banking Group plc (NYSE:LYG) Ratings Coverage

Total analysts of 2 have positions in Lloyds Banking Group (NYSE:LYG) as follows: 0 rated it a “Buy”, 0 with “Sell” and 2 with “Hold”. The positive are 0. Since December 11, 2017 according to StockzIntelligence Inc Lloyds Banking Group has 2 analyst reports. On Monday, December 11 the company was upgraded by BNP Paribas. On Wednesday, January 10 the rating was downgraded by Morgan Stanley to “Hold”.

Lloyds Banking Group plc provides banking and financial services under the Lloyds Bank, Halifax, Bank of Scotland, and Scottish Widows brands to individual and business clients in the United Kingdom and internationally.The firm is worth $63.60 billion. The firm operates through four divisions: Retail, Commercial Banking, Consumer Finance, and Insurance.The P/E ratio is 13.05. The Retail segment offers a range of financial service products, including current accounts, savings, and mortgages to wealth and small business customers; and distributes insurance products, and a range of long-term savings and investment products.

Lloyds Banking Group plc (NYSE:LYG) Analyst Ratings Chart

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