Lloyds Banking Group plc (NYSE:LYG) Shares Bought by Aprio Wealth Management LLC

Aprio Wealth Management LLC boosted its holdings in shares of Lloyds Banking Group plc (NYSE:LYG) by 20.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,411 shares of the financial services provider’s stock after buying an additional 13,277 shares during the period. Aprio Wealth Management LLC’s holdings in Lloyds Banking Group were worth $242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Clearbridge Investments LLC acquired a new position in Lloyds Banking Group during the 2nd quarter valued at about $36,252,000. First Eagle Investment Management LLC increased its holdings in shares of Lloyds Banking Group by 9.2% in the first quarter. First Eagle Investment Management LLC now owns 4,060,740 shares of the financial services provider’s stock valued at $10,517,000 after purchasing an additional 343,753 shares during the period. CreativeOne Wealth LLC increased its holdings in shares of Lloyds Banking Group by 166.2% in the first quarter. CreativeOne Wealth LLC now owns 47,224 shares of the financial services provider’s stock valued at $122,000 after purchasing an additional 29,486 shares during the period. CWM LLC increased its holdings 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 valued at $194,000 after purchasing an additional 19,525 shares during the period. Finally, Sequoia Financial Advisors LLC increased its holdings in shares of Lloyds Banking Group by 7.3% in the second quarter. Sequoia Financial Advisors LLC now owns 61,586 shares of the financial services provider’s stock valued at $168,000 after purchasing an additional 4,194 shares during the period. 2.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. BNP Paribas raised Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a report on Friday, July 5th. Citigroup lowered Lloyds Banking Group from a “buy” rating to a “neutral” rating in a report on Monday, August 5th. Kepler Capital Markets started coverage on Lloyds Banking Group in a report on Thursday, September 5th. They set a “hold” rating on the stock. UBS Group reaffirmed a “neutral” rating on shares of Lloyds Banking Group in a report on Tuesday, July 30th. Finally, The Goldman Sachs Group started coverage on Lloyds Banking Group in a report on Friday, October 4th. They set a “neutral” rating on the stock. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Lloyds Banking Group has a consensus rating of “Hold” and an average price target of $2.75.

Lloyds Banking Group Stock Performance

Shares of LYG stock opened at $3.04 on Wednesday. The company has a market capitalization of $47.44 billion, a P/E ratio of 7.99 and a beta of 1.34. The business’s 50 day moving average is $3.01 and its two-hundred day moving average is $2.84. 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 plc has a 12-month low of $1.88 and a 12-month high of $3.18.

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. The company had revenue of $9.55 billion for the quarter. Lloyds Banking Group had a return on equity of 10.34% and a net margin of 12.40%. Analysts expect that Lloyds Banking Group plc will post 0.32 EPS for the current fiscal year.

Lloyds Banking Group Increases Dividend

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

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.