Tcwp LLC Invests $32,000 in Lloyds Banking Group plc (NYSE:LYG)

Tcwp LLC acquired a new position in Lloyds Banking Group plc (NYSE:LYG) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 11,712 shares of the financial services provider’s stock, valued at approximately $32,000.

A number of other hedge funds have also bought and sold shares of the business. Summit Trail Advisors LLC increased its position in Lloyds Banking Group by 81.4% during the second quarter. Summit Trail Advisors LLC now owns 30,109 shares of the financial services provider’s stock valued at $82,000 after acquiring an additional 13,508 shares during the last quarter. Sei Investments Co. increased its position in shares of Lloyds Banking Group by 26.6% during the 2nd quarter. Sei Investments Co. now owns 840,209 shares of the financial services provider’s stock valued at $2,294,000 after purchasing an additional 176,464 shares during the last quarter. First Eagle Investment Management LLC lifted its stake in shares of Lloyds Banking Group by 25.3% in the 2nd quarter. First Eagle Investment Management LLC now owns 5,087,379 shares of the financial services provider’s stock worth $13,889,000 after purchasing an additional 1,026,639 shares during the period. Hsbc Holdings PLC boosted its holdings in shares of Lloyds Banking Group by 110.1% in the second quarter. Hsbc Holdings PLC now owns 169,014 shares of the financial services provider’s stock worth $461,000 after buying an additional 88,569 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its position in Lloyds Banking Group by 18.5% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 541,625 shares of the financial services provider’s stock valued at $1,475,000 after buying an additional 84,403 shares during the period. Hedge funds and other institutional investors own 2.15% of the company’s stock.

Wall Street Analyst Weigh In

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

Lloyds Banking Group Price Performance

Shares of NYSE:LYG opened at $3.11 on Friday. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.48 and a current ratio of 1.45. The firm has a market cap of $48.61 billion, a price-to-earnings ratio of 8.18 and a beta of 1.35. The firm has a fifty day moving average price of $3.00 and a 200 day moving average price of $2.79. Lloyds Banking Group plc has a fifty-two week low of $1.88 and a fifty-two week high of $3.14.

Lloyds Banking Group (NYSE:LYG) last issued its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.09 earnings per share 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 during the quarter. As a group, sell-side analysts expect that Lloyds Banking Group plc will post 0.32 earnings per share for the current fiscal year.

Lloyds Banking Group Increases Dividend

The company also recently announced 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 an increase from Lloyds Banking Group’s previous semi-annual dividend of $0.05. This represents a dividend yield of 4.4%. The ex-dividend date was Monday, August 5th. 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.