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

Tcwp LLC acquired a new stake in Lloyds Banking Group plc (NYSE:LYG) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 11,712 shares of the financial services provider’s stock, valued at approximately $32,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Russell Investments Group Ltd. boosted its stake in Lloyds Banking Group by 234.3% during the fourth quarter. Russell Investments Group Ltd. now owns 11,105 shares of the financial services provider’s stock worth $27,000 after buying an additional 7,783 shares during the period. EverSource Wealth Advisors LLC raised its position 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 worth $27,000 after purchasing an additional 8,027 shares during the period. Exencial Wealth Advisors LLC bought a new stake in Lloyds Banking Group in the fourth quarter worth about $28,000. Transcend Capital Advisors LLC purchased a new position in shares of Lloyds Banking Group during the second quarter valued at approximately $28,000. Finally, Interchange Capital Partners LLC bought a new position in shares of Lloyds Banking Group during the second quarter valued at approximately $28,000. Hedge funds and other institutional investors own 2.15% of the company’s stock.

Analyst Ratings Changes

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

Lloyds Banking Group Trading Up 0.3 %

Shares of NYSE LYG opened at $3.11 on Friday. Lloyds Banking Group plc has a 1-year low of $1.88 and a 1-year high of $3.14. The business 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 capitalization of $48.61 billion, a P/E ratio of 8.18 and a beta of 1.35. 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 (NYSE:LYG) last issued 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 net margin of 12.40% and a return on equity of 10.34%. The firm had revenue of $9.55 billion for the quarter. Equities research 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 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 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 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.