DRW Securities LLC Has $1.11 Million Stock Holdings in Lloyds Banking Group plc (NYSE:LYG)

DRW Securities LLC boosted its position in shares of Lloyds Banking Group plc (NYSE:LYG) by 11.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 404,791 shares of the financial services provider’s stock after purchasing an additional 40,081 shares during the period. DRW Securities LLC’s holdings in Lloyds Banking Group were worth $1,105,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LYG. First Eagle Investment Management LLC increased its stake 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 purchasing an additional 343,753 shares during the last quarter. CreativeOne Wealth LLC increased its position in Lloyds Banking Group by 166.2% during the first 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. CIBC Private Wealth Group LLC raised its holdings in Lloyds Banking Group by 149.9% during the fourth 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 in the last quarter. CWM LLC lifted its position in shares of Lloyds Banking Group by 37.9% in the second quarter. CWM LLC now owns 71,039 shares of the financial services provider’s stock worth $194,000 after buying an additional 19,525 shares during the last quarter. Finally, Aprio Wealth Management LLC boosted its stake in shares of Lloyds Banking Group by 71.5% during the 1st quarter. Aprio Wealth Management LLC now owns 47,613 shares of the financial services provider’s stock worth $123,000 after acquiring an additional 19,857 shares in the last quarter. Hedge funds and other institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Price Performance

NYSE:LYG opened at $3.11 on Monday. 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 plc has a one year low of $1.88 and a one year high of $3.14. The company has a fifty day moving average price of $3.00 and a 200 day moving average price of $2.79. The stock has a market cap of $48.61 billion, a P/E ratio of 8.18 and a beta of 1.35.

Lloyds Banking Group (NYSE:LYG) last announced its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.09 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 anticipate 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 disclosed a semi-annual dividend, which was paid on Friday, September 20th. Stockholders of record on Monday, August 5th were issued a dividend of $0.0546 per share. This represents a dividend yield of 4.4%. The ex-dividend date of this dividend was Monday, August 5th. This is a positive change from Lloyds Banking Group’s previous semi-annual dividend of $0.05. Lloyds Banking Group’s dividend payout ratio (DPR) is presently 26.32%.

Wall Street Analyst Weigh In

LYG has been the subject of several analyst reports. Royal Bank of Canada lowered Lloyds Banking Group from an “outperform” rating to a “sector perform” rating in a report on Friday, July 26th. UBS Group restated a “neutral” rating on shares of Lloyds Banking Group in a research note on Tuesday, July 30th. BNP Paribas upgraded shares of Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a research note on Friday, July 5th. Kepler Capital Markets initiated coverage on shares of Lloyds Banking Group in a research report on Thursday, September 5th. They set a “hold” rating for the company. Finally, Citigroup downgraded Lloyds Banking Group from a “buy” rating to a “neutral” rating in a research report on Monday, August 5th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $2.75.

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.