Kathmere Capital Management LLC Purchases 49,556 Shares of Lloyds Banking Group plc (NYSE:LYG)

Kathmere Capital Management LLC grew its position in Lloyds Banking Group plc (NYSE:LYG) by 55.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 138,625 shares of the financial services provider’s stock after acquiring an additional 49,556 shares during the period. Kathmere Capital Management LLC’s holdings in Lloyds Banking Group were worth $378,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Patriot Financial Group Insurance Agency LLC raised its stake in shares of Lloyds Banking Group by 2.8% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 135,436 shares of the financial services provider’s stock valued at $370,000 after acquiring an additional 3,752 shares during the last quarter. AMG National Trust Bank raised its position in Lloyds Banking Group by 0.4% in the 2nd quarter. AMG National Trust Bank now owns 1,001,075 shares of the financial services provider’s stock worth $2,733,000 after purchasing an additional 3,976 shares during the last quarter. Bruce G. Allen Investments LLC raised its position in Lloyds Banking Group by 6.9% in the 1st quarter. Bruce G. Allen Investments LLC now owns 61,412 shares of the financial services provider’s stock worth $159,000 after purchasing an additional 3,986 shares during the last quarter. Brookstone Capital Management raised its position in Lloyds Banking Group by 12.1% in the 1st quarter. Brookstone Capital Management now owns 38,516 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 4,167 shares during the last quarter. Finally, Sequoia Financial Advisors LLC raised its position in Lloyds Banking Group by 7.3% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 61,586 shares of the financial services provider’s stock worth $168,000 after purchasing an additional 4,194 shares during the last quarter. Institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Price Performance

Shares of LYG stock opened at $3.14 on Friday. Lloyds Banking Group plc has a 12-month low of $1.88 and a 12-month high of $3.18. The firm has a market capitalization of $49.08 billion, a price-to-earnings ratio of 8.26 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. The firm has a fifty day moving average of $3.01 and a 200-day moving average of $2.81.

Lloyds Banking Group (NYSE:LYG) last announced 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 company had revenue of $9.55 billion during the quarter. On average, equities research analysts forecast 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 declared a semi-annual dividend, which was paid on Friday, September 20th. Stockholders of record on Monday, August 5th were issued 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 payout ratio is 26.32%.

Analysts Set New Price Targets

Several research firms recently weighed in on LYG. Citigroup cut shares of Lloyds Banking Group from a “buy” rating to a “neutral” rating in a research report on Monday, August 5th. BNP Paribas upgraded shares of Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a research report 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. UBS Group reiterated a “neutral” rating on shares of Lloyds Banking Group in a research report on Tuesday, July 30th. Finally, Royal Bank of Canada cut shares of Lloyds Banking Group from an “outperform” rating to a “sector perform” rating in a research report on Friday, July 26th. 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 a consensus rating of “Hold” and an average price target of $2.75.

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.