Premia Global Advisors LLC acquired a new position in Lloyds Banking Group PLC (NYSE:LYG) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 69,871 shares of the financial services provider’s stock, valued at approximately $261,000.
Other large investors have also recently added to or reduced their stakes in the company. Keybank National Association OH purchased a new stake in shares of Lloyds Banking Group in the 3rd quarter worth $123,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Lloyds Banking Group in the 4th quarter worth $132,000. Dorsey & Whitney Trust CO LLC lifted its holdings in shares of Lloyds Banking Group by 144.4% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 35,688 shares of the financial services provider’s stock worth $133,000 after buying an additional 21,084 shares during the period. Icon Wealth Partners LLC purchased a new stake in shares of Lloyds Banking Group during the 4th quarter worth $143,000. Finally, Private Advisor Group LLC lifted its stake in shares of Lloyds Banking Group by 86.5% during the 3rd quarter. Private Advisor Group LLC now owns 43,851 shares of the financial services provider’s stock worth $159,000 after purchasing an additional 20,336 shares during the last quarter. 2.40% of the stock is currently owned by institutional investors and hedge funds.
Lloyds Banking Group PLC (NYSE LYG) opened at $3.85 on Tuesday. The firm has a market capitalization of $68,646.87, a P/E ratio of 18.24 and a beta of 0.81. Lloyds Banking Group PLC has a 1 year low of $3.15 and a 1 year high of $4.21. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.40 and a quick ratio of 1.40.
Lloyds Banking Group (NYSE:LYG) last announced its quarterly earnings data on Tuesday, February 20th. The financial services provider reported $0.13 EPS for the quarter. Lloyds Banking Group had a return on equity of 19.07% and a net margin of 12.81%. The firm had revenue of $12.88 billion for the quarter. sell-side analysts expect that Lloyds Banking Group PLC will post 0.41 EPS for the current year.
The business also recently disclosed a semiannual dividend, which will be paid on Friday, June 8th. Investors of record on Friday, April 20th will be given a dividend of $0.1141 per share. This is an increase from Lloyds Banking Group’s previous semiannual dividend of $0.08. The ex-dividend date of this dividend is Thursday, April 19th. This represents a yield of 6.01%. Lloyds Banking Group’s dividend payout ratio (DPR) is presently 66.67%.
LYG has been the topic of several recent analyst reports. Goldman Sachs reaffirmed a “sell” rating on shares of Lloyds Banking Group in a research report on Wednesday, December 6th. Zacks Investment Research raised Lloyds Banking Group from a “sell” rating to a “hold” rating in a report on Wednesday, December 13th. BNP Paribas raised Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a report on Wednesday, January 17th. UBS reissued a “buy” rating on shares of Lloyds Banking Group in a report on Monday, December 11th. Finally, Deutsche Bank reaffirmed a “buy” rating on shares of Lloyds Banking Group in a report on Friday, February 9th. Six investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. Lloyds Banking Group currently has an average rating of “Hold” and an average price target of $4.25.
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Lloyds Banking Group Profile
Lloyds Banking Group plc is a provider of financial services to individual and business customers in the United Kingdom. The Company’s main business activities are retail and commercial banking, general insurance, and long-term savings, protection and investment. The Company’s segments are Retail, Commercial Banking, Consumer Finance, Insurance and Other.
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