Lloyds Banking Group plc (NYSE:LYG) Shares Purchased by Choreo LLC

Choreo LLC raised its holdings in Lloyds Banking Group plc (NYSE:LYG) by 503.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 67,857 shares of the financial services provider’s stock after acquiring an additional 56,611 shares during the period. Choreo LLC’s holdings in Lloyds Banking Group were worth $189,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of LYG. Russell Investments Group Ltd. increased its holdings in shares of Lloyds Banking Group by 234.3% in the fourth quarter. Russell Investments Group Ltd. now owns 11,105 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 7,783 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Lloyds Banking Group by 259.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 11,117 shares of the financial services provider’s stock valued at $27,000 after buying an additional 8,027 shares in the last quarter. Exencial Wealth Advisors LLC acquired a new stake in shares of Lloyds Banking Group in the 4th quarter worth $28,000. Transcend Capital Advisors LLC purchased a new position in shares of Lloyds Banking Group during the 2nd quarter worth $28,000. Finally, Interchange Capital Partners LLC acquired a new position in shares of Lloyds Banking Group during the 2nd quarter valued at about $28,000. 2.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LYG has been the topic of a number of analyst reports. Citigroup downgraded shares of Lloyds Banking Group from a “buy” rating to a “neutral” rating in a research note on Monday, August 5th. BNP Paribas raised shares of Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a research report on Friday, July 5th. Kepler Capital Markets started coverage on Lloyds Banking Group in a research report on Thursday, September 5th. They issued a “hold” rating for the company. Royal Bank of Canada downgraded Lloyds Banking Group from an “outperform” rating to a “sector perform” rating in a research report on Friday, July 26th. Finally, UBS Group reiterated a “neutral” rating on shares of Lloyds Banking Group in a report on Tuesday, July 30th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $32.38.

Lloyds Banking Group Stock Up 0.3 %

Shares of NYSE LYG opened at $3.11 on Friday. The company has a quick ratio of 1.48, a current ratio of 1.45 and a debt-to-equity ratio of 1.89. The business’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 firm has a market cap of $48.61 billion, a price-to-earnings ratio of 8.18 and a beta of 1.35.

Lloyds Banking Group (NYSE:LYG) last posted its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.09 earnings per share (EPS) 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 for the quarter. Research analysts predict that Lloyds Banking Group plc will post 0.32 EPS for the current year.

Lloyds Banking Group Increases Dividend

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

About Lloyds Banking Group

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.