Oppenheimer Asset Management Inc. Has $2.28 Million Stock Position in Lloyds Banking Group plc (NYSE:LYG)

Oppenheimer Asset Management Inc. grew its stake in Lloyds Banking Group plc (NYSE:LYG) by 30.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 836,234 shares of the financial services provider’s stock after buying an additional 192,994 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Lloyds Banking Group were worth $2,283,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in LYG. Mondrian Investment Partners LTD increased its holdings in Lloyds Banking Group by 39.2% during the 1st quarter. Mondrian Investment Partners LTD now owns 89,948,537 shares of the financial services provider’s stock worth $232,967,000 after purchasing an additional 25,351,270 shares in the last quarter. CIBC Private Wealth Group LLC raised its position in Lloyds Banking Group by 149.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 29,696,591 shares of the financial services provider’s stock valued at $70,975,000 after buying an additional 17,814,615 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Lloyds Banking Group by 5.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 22,166,362 shares of the financial services provider’s stock valued at $52,978,000 after acquiring an additional 1,180,775 shares in the last quarter. Morningstar Investment Services LLC grew its stake in shares of Lloyds Banking Group by 96.9% during the 4th quarter. Morningstar Investment Services LLC now owns 21,147,627 shares of the financial services provider’s stock worth $50,966,000 after acquiring an additional 10,406,673 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Lloyds Banking Group by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 18,625,679 shares of the financial services provider’s stock valued at $44,528,000 after purchasing an additional 439,009 shares during the last quarter. Institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Price Performance

NYSE:LYG opened at $3.04 on Wednesday. The company has a market cap of $47.51 billion, a P/E ratio of 8.00 and a beta of 1.35. The firm’s fifty day moving average price is $2.99 and its two-hundred day moving average price is $2.78. Lloyds Banking Group plc has a one year low of $1.88 and a one year high of $3.14. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.45 and a quick ratio of 1.48.

Lloyds Banking Group (NYSE:LYG) last announced its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.09 EPS for the quarter. The business had revenue of $9.55 billion for the quarter. Lloyds Banking Group had a net margin of 12.40% and a return on equity of 10.34%. Equities 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 declared a semi-annual dividend, which will be paid on Friday, September 20th. Investors of record on Monday, August 5th will be paid a $0.0546 dividend. The ex-dividend date is Monday, August 5th. This is an increase from Lloyds Banking Group’s previous semi-annual dividend of $0.05. This represents a yield of 4.4%. Lloyds Banking Group’s payout ratio is 26.32%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. BNP Paribas upgraded shares of Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a research note on Friday, July 5th. Citigroup lowered Lloyds Banking Group from a “buy” rating to a “neutral” rating in a report on Monday, August 5th. Royal Bank of Canada lowered Lloyds Banking Group from an “outperform” rating to a “sector perform” rating in a research report on Friday, July 26th. Kepler Capital Markets assumed coverage on Lloyds Banking Group in a report on Thursday, September 5th. They issued a “hold” rating for the company. Finally, UBS Group restated a “neutral” rating on shares of Lloyds Banking Group in a report on Tuesday, July 30th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $32.38.

Lloyds Banking Group Profile

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.