Claro Advisors LLC lessened its holdings in Lloyds Banking Group plc (NYSE:LYG – Free Report) by 12.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,513 shares of the financial services provider’s stock after selling 6,224 shares during the quarter. Claro Advisors LLC’s holdings in Lloyds Banking Group were worth $122,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of LYG. First Eagle Investment Management LLC raised its position in shares of Lloyds Banking Group by 9.2% during the 1st quarter. First Eagle Investment Management LLC now owns 4,060,740 shares of the financial services provider’s stock worth $10,517,000 after acquiring an additional 343,753 shares in the last quarter. Ieq Capital LLC raised its holdings in Lloyds Banking Group by 94.4% during the fourth quarter. Ieq Capital LLC now owns 41,749 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 20,270 shares in the last quarter. CreativeOne Wealth LLC lifted its position in shares of Lloyds Banking Group by 166.2% during the 1st quarter. CreativeOne Wealth LLC now owns 47,224 shares of the financial services provider’s stock worth $122,000 after buying an additional 29,486 shares during the last quarter. Apollon Wealth Management LLC boosted its holdings in shares of Lloyds Banking Group by 168.3% in the 4th quarter. Apollon Wealth Management LLC now owns 124,174 shares of the financial services provider’s stock valued at $297,000 after buying an additional 77,886 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in shares of Lloyds Banking Group by 8.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 473,636 shares of the financial services provider’s stock valued at $1,132,000 after buying an additional 37,556 shares during the last quarter. 2.15% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research firms have issued reports on LYG. Royal Bank of Canada downgraded shares of Lloyds Banking Group from an “outperform” rating to a “sector perform” rating in a research note on Friday, July 26th. UBS Group reissued a “neutral” rating on shares of Lloyds Banking Group in a research report on Tuesday, July 30th. Citigroup lowered Lloyds Banking Group from a “buy” rating to a “neutral” rating in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft initiated coverage on Lloyds Banking Group in a report on Thursday, May 9th. They issued a “buy” rating for the company. Finally, BNP Paribas raised shares of Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a report on Friday, July 5th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $32.38.
Read Our Latest Stock Analysis on Lloyds Banking Group
Lloyds Banking Group Price Performance
Lloyds Banking Group stock opened at $3.06 on Tuesday. The stock has a 50 day moving average of $2.96 and a two-hundred day moving average of $2.72. Lloyds Banking Group plc has a twelve month low of $1.88 and a twelve month high of $3.14. The stock has a market capitalization of $47.83 billion, a price-to-earnings ratio of 8.05 and a beta of 1.35. The company has a current ratio of 1.45, a quick ratio of 1.48 and a debt-to-equity ratio of 1.89.
Lloyds Banking Group (NYSE:LYG – Get Free Report) last issued its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.09 earnings per share for the quarter. Lloyds Banking Group had a return on equity of 10.34% and a net margin of 12.40%. The firm had revenue of $9.55 billion during the quarter. As a group, research analysts expect that Lloyds Banking Group plc will post 0.32 earnings per share for the current year.
Lloyds Banking Group Increases Dividend
The company also recently announced a semi-annual dividend, which will be paid on Friday, September 20th. Stockholders of record on Monday, August 5th will be issued a $0.0546 dividend. This is an increase from Lloyds Banking Group’s previous semi-annual dividend of $0.05. The ex-dividend date is Monday, August 5th. This represents a dividend yield of 4.4%. Lloyds Banking Group’s payout ratio is presently 26.32%.
Lloyds Banking Group Profile
(Free Report)
Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom and internationally. It operates in three segments: Retail; Commercial Banking; and Insurance, Pensions and Investments. The Retail segment offers a range of financial service products, including current accounts, savings, mortgages, motor finance, unsecured loans, leasing solutions, and credit cards to personal customers.
Further Reading
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