Lloyds Banking Group plc (NYSE:LYG) Stock Position Lifted by Cwm LLC

Cwm LLC lifted its stake in shares of Lloyds Banking Group plc (NYSE:LYG) by 128.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,070 shares of the financial services provider’s stock after purchasing an additional 12,411 shares during the quarter. Cwm LLC’s holdings in Lloyds Banking Group were worth $53,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Lake Street Advisors Group LLC lifted its stake in shares of Lloyds Banking Group by 10.0% in the 3rd quarter. Lake Street Advisors Group LLC now owns 54,118 shares of the financial services provider’s stock worth $115,000 after acquiring an additional 4,915 shares during the period. Stratos Wealth Partners LTD. lifted its position in Lloyds Banking Group by 22.1% in the fourth quarter. Stratos Wealth Partners LTD. now owns 28,485 shares of the financial services provider’s stock worth $68,000 after purchasing an additional 5,152 shares during the period. Allworth Financial LP boosted its stake in Lloyds Banking Group by 36.4% during the 4th quarter. Allworth Financial LP now owns 21,032 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 5,609 shares in the last quarter. Optas LLC raised its stake in shares of Lloyds Banking Group by 13.5% in the 3rd quarter. Optas LLC now owns 47,374 shares of the financial services provider’s stock worth $101,000 after buying an additional 5,636 shares in the last quarter. Finally, Knights of Columbus Asset Advisors LLC lifted its holdings in shares of Lloyds Banking Group by 5.5% in the third quarter. Knights of Columbus Asset Advisors LLC now owns 113,404 shares of the financial services provider’s stock valued at $242,000 after buying an additional 5,951 shares during the period. Institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Stock Performance

Lloyds Banking Group stock opened at $2.71 on Friday. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.48 and a quick ratio of 1.48. The company has a market cap of $43.17 billion, a P/E ratio of 7.13, a price-to-earnings-growth ratio of 1.09 and a beta of 1.29. Lloyds Banking Group plc has a fifty-two week low of $1.88 and a fifty-two week high of $2.72. The firm’s 50 day simple moving average is $2.54 and its 200-day simple moving average is $2.31.

Lloyds Banking Group (NYSE:LYG) last posted 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, equities research analysts predict that Lloyds Banking Group plc will post 0.32 EPS for the current year.

Lloyds Banking Group Cuts Dividend

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

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Berenberg Bank assumed coverage on shares of Lloyds Banking Group in a research report on Thursday, April 25th. They issued a “hold” rating and a $2.75 price target on the stock. Bank of America raised shares of Lloyds Banking Group from a “neutral” rating to a “buy” rating in a research note on Thursday, March 21st. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Lloyds Banking Group in a research report on Thursday. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $52.55.

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.