Choreo LLC Invests $27,000 in Lloyds Banking Group plc (NYSE:LYG)

Choreo LLC acquired a new stake in shares of Lloyds Banking Group plc (NYSE:LYG) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 11,246 shares of the financial services provider’s stock, valued at approximately $27,000.

Other large investors have also added to or reduced their stakes in the company. Unique Wealth Strategies LLC purchased a new position in shares of Lloyds Banking Group in the 4th quarter worth about $66,000. Russell Investments Group Ltd. grew its holdings in shares of 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 valued at $27,000 after buying an additional 7,783 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of Lloyds Banking Group during the fourth quarter valued at approximately $27,000. Callan Capital LLC raised its holdings in Lloyds Banking Group by 255.8% in the 4th quarter. Callan Capital LLC now owns 40,527 shares of the financial services provider’s stock worth $97,000 after acquiring an additional 29,136 shares during the last quarter. Finally, Meritage Portfolio Management bought a new position in Lloyds Banking Group in the 4th quarter valued at approximately $3,470,000. Hedge funds and other institutional investors own 2.15% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on LYG. Bank of America upgraded Lloyds Banking Group from a “neutral” rating to a “buy” rating in a research note on Thursday, March 21st. Berenberg Bank initiated coverage on shares of Lloyds Banking Group in a research note on Thursday, April 25th. They set a “hold” rating and a $2.75 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Lloyds Banking Group has a consensus rating of “Hold” and an average target price of $52.55.

Lloyds Banking Group Stock Up 0.8 %

LYG stock opened at $2.60 on Friday. The company has a market cap of $41.42 billion, a price-to-earnings ratio of 6.84, a P/E/G ratio of 1.09 and a beta of 1.29. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.48 and a current ratio of 1.48. The business’s 50-day moving average is $2.52 and its two-hundred day moving average is $2.29. Lloyds Banking Group plc has a fifty-two week low of $1.88 and a fifty-two week high of $2.72.

Lloyds Banking Group (NYSE:LYG) last issued its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $0.09 earnings per share for the quarter. The firm had revenue of $14.35 billion for the quarter. Lloyds Banking Group had a net margin of 13.41% and a return on equity of 10.35%. As a group, analysts forecast that Lloyds Banking Group plc will post 0.32 earnings per share for the current year.

Lloyds Banking Group Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, April 12th will be given a dividend of $0.046 per share. This represents a dividend yield of 5.9%. The ex-dividend date of this dividend is Thursday, April 11th. Lloyds Banking Group’s payout ratio is 47.37%.

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.