Schafer Cullen Capital Management Inc Buys More Lloyds Banking Group Plc (Adr) (NYSE:LYG) Shares

May 16, 2018 - By Mark Williams

Lloyds Banking Group plc (NYSE:LYG) Corporate Logo

Schafer Cullen Capital Management Inc’s stake in Lloyds Banking Group Plc (Adr) (NYSE:LYG) was increased by 4506.36% based on its latest 2018Q1 regulatory filling with the SEC. 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 is holding 14.98M shares, compared to 325,260 last quarter. The reported value is $55.74M. $63.60B is the Lloyds Banking Group Plc (Adr)’s MC. LYG hit $3.55 during the last trading session after $0.05 change.Lloyds Banking Group plc has volume of 1.91 million shares. Since May 17, 2017 LYG has risen 8.13% and is uptrending. The stock underperformed the S&P500 by 3.42%.

The Schafer Cullen Capital Management Inc’s stake in Orkla As (Adr) (ORKLY) was reduced by 1.59M shares to 1.51 million shares valued at $16.34 million in 2018Q1, according to the regulatory filling. It operates about $10.62B and $8.32 billion US longs. Schafer Cullen Capital Management Inc cut its stake in Boc Hong Kong Holdings Ltd. (A (BHKLY) and reduced Engie Sa (Adr) () position by 1.15M shares for a total of 2.15 million 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”. 0 are bullish. 2 are the (NYSE:LYG)’s analyst reports since December 11, 2017 according to StockzIntelligence Inc. In Wednesday, January 10 report Morgan Stanley downgraded the stock to “Hold” rating. On Monday, December 11 the firm has “Neutral” rating by BNP Paribas given.

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 company has $63.60 billion market cap. 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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