Schafer Cullen Capital Management Inc Upped Its Position in Lloyds Banking Group Plc (Adr) (NYSE:LYG) by $43.97 Million

May 16, 2018 - By Darrel Chase

Lloyds Banking Group plc (NYSE:LYG) Corporate Logo

Based on the latest 2018Q1 regulatory filling from the SEC, Schafer Cullen Capital Management Inc increased its holdings in Lloyds Banking Group Plc (Adr) (NYSE:LYG) by 4506.36%. 14.66 million shares were bought by Schafer Cullen Capital Management Inc as Lloyds Banking Group Plc (Adr) (NYSE:LYG) stock rose 0.55% while stock markets declined. Schafer Cullen Capital Management Inc reported $55.74M position in Schafer Cullen Capital Management Inc for 2018Q1. Now it holds 14.98M shares, compared to 325,260 last quarter. $63.60B is the Lloyds Banking Group Plc (Adr)’s MC. Ticker’s shares touched $3.55 during the last trading session after 1.39% change.Currently Lloyds Banking Group plc is uptrending after 8.13% change in last May 17, 2017. LYG has also 1.91M shares volume. LYG underperformed the S&P500 by 3.42%.

According to the regulatory filling Schafer Cullen Capital Management Inc’s stake in Intel Corp. (NASDAQ:INTC) was reduced by 217,870 shares to 2.55 million shares valued at $132.94M in 2018Q1. It operates about $10.62 billion and $8.32B US longs. Schafer Cullen Capital Management Inc cut its stake in Microsoft Corp. (NASDAQ:MSFT) and reduced Engie Sa (Adr) () position by 1.15M shares for a total of 2.15M shares.

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

In total 2 analysts cover Lloyds Banking Group (NYSE:LYG). “Buy” rating has 0, “Sell” are 0, while 2 are “Hold”. (NYSE:LYG) has 0 bullish analysts. 2 are the (NYSE:LYG)’s ratings reports on 17 May 2018 according to StockzIntelligence Inc. On Wednesday, January 10 the stock of Lloyds Banking Group plc (NYSE:LYG) earned “Hold” rating by Morgan Stanley. On Monday, December 11 the firm earned “Neutral” rating by BNP Paribas.

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 valued at $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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