Vanguard Personalized Indexing Management LLC Increases Stock Position in Lloyds Banking Group plc (NYSE:LYG)

Vanguard Personalized Indexing Management LLC increased its position in Lloyds Banking Group plc (NYSE:LYG) by 18.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 541,625 shares of the financial services provider’s stock after buying an additional 84,403 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Lloyds Banking Group were worth $1,475,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. increased its stake in Lloyds Banking Group by 234.3% during the fourth quarter. Russell Investments Group Ltd. now owns 11,105 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 7,783 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Lloyds Banking Group by 259.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 11,117 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 8,027 shares in the last quarter. Exencial Wealth Advisors LLC purchased a new position in Lloyds Banking Group in the fourth quarter valued at approximately $28,000. Transcend Capital Advisors LLC acquired a new position in Lloyds Banking Group during the second quarter valued at approximately $28,000. Finally, Interchange Capital Partners LLC purchased a new stake in Lloyds Banking Group during the second quarter worth approximately $28,000. Institutional investors and hedge funds own 2.15% of the company’s stock.

Lloyds Banking Group Price Performance

LYG stock opened at $3.11 on Friday. The stock’s 50 day moving average is $3.00 and its two-hundred day moving average is $2.79. Lloyds Banking Group plc has a 52-week low of $1.88 and a 52-week high of $3.14. The company has a market capitalization of $48.61 billion, a PE ratio of 8.18 and a beta of 1.35. The company has a quick ratio of 1.48, a current ratio of 1.45 and a debt-to-equity ratio of 1.89.

Lloyds Banking Group (NYSE:LYG) last issued its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.09 earnings per share (EPS) for the quarter. Lloyds Banking Group had a net margin of 12.40% and a return on equity of 10.34%. The business had revenue of $9.55 billion during the quarter. Analysts predict that Lloyds Banking Group plc will post 0.32 earnings per share for the current fiscal year.

Lloyds Banking Group Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Friday, September 20th. Stockholders of record on Monday, August 5th were given a dividend of $0.0546 per share. This is a boost from Lloyds Banking Group’s previous semi-annual dividend of $0.05. The ex-dividend date of this dividend was Monday, August 5th. This represents a dividend yield of 4.4%. Lloyds Banking Group’s dividend payout ratio (DPR) is presently 26.32%.

Analyst Ratings Changes

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

Lloyds Banking Group Company 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.