Schafer Cullen Capital Management Inc Upped Its Lloyds Banking Group Plc (Adr) (NYSE:LYG) Position as Price Rose

May 16, 2018 - By Loretta Love

Lloyds Banking Group plc (NYSE:LYG) Corporate Logo

In 2018Q1 Securities and Exchange regulatory report was reported Schafer Cullen Capital Management Inc’s holdings in Lloyds Banking Group Plc (Adr) (NYSE:LYG) which was upped by 4506.36%. Lloyds Banking Group Plc (Adr) (NYSE:LYG) stock Popped Up 0.55% while Schafer Cullen Capital Management Inc bought 14.66 million shares. Schafer Cullen Capital Management Inc is holding 14.98M shares, compared to 325,260 last quarter. The reported value is $55.74M. $63.60 billion is the MC of Lloyds Banking Group Plc (Adr). The stock decreased 1.39% or $0.05 during the last trading session, reaching $3.55.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&P 500 by 3.42%.

Schafer Cullen Capital Management Inc operates about $10.62 billion and $8.32 billion US longs. According to a filing the fund reduced its stake in Smurfit Kappa Group Plc (Adr) () by 841,404 shares to 2.26M shares, valued at $91.98 million in 2018Q1. It decreased Boeing Co. (NYSE:BA) position by 167,956 shares to 213,509 shares, and cut its Engie Sa (Adr) () 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

A total of 2 analysts rate Lloyds Banking Group (NYSE:LYG) as follows: 0 “Buy”, 2 “Hold” and 0 “Sell”. Тherefore 0 are bullish. (NYSE:LYG) has 2 ratings reports on 17 May 2018 according to StockzIntelligence. The stock rating was upgraded by BNP Paribas to “Neutral” on Monday, December 11. On Wednesday, January 10 the firm earned “Hold” rating by Morgan Stanley.

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.13.05 is the P/E ratio. 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

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.