Callan Family Office LLC acquired a new stake in Lloyds Banking Group plc (NYSE:LYG - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 79,676 shares of the financial services provider's stock, valued at approximately $217,000.
A number of other large investors also recently added to or reduced their stakes in the company. FMR LLC lifted its stake in Lloyds Banking Group by 14.7% during the third quarter. FMR LLC now owns 19,280,034 shares of the financial services provider's stock worth $60,154,000 after purchasing an additional 2,472,263 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Lloyds Banking Group by 58.5% during the third quarter. JPMorgan Chase & Co. now owns 6,659,629 shares of the financial services provider's stock worth $20,778,000 after purchasing an additional 2,456,914 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Lloyds Banking Group during the fourth quarter worth $11,226,000. Bard Financial Services Inc. lifted its stake in Lloyds Banking Group by 0.6% during the fourth quarter. Bard Financial Services Inc. now owns 2,426,305 shares of the financial services provider's stock worth $6,600,000 after purchasing an additional 13,500 shares in the last quarter. Finally, QRG Capital Management Inc. lifted its stake in Lloyds Banking Group by 21.0% during the fourth quarter. QRG Capital Management Inc. now owns 2,372,753 shares of the financial services provider's stock worth $6,454,000 after purchasing an additional 411,616 shares in the last quarter. 2.15% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research analysts have commented on the company. Morgan Stanley upgraded Lloyds Banking Group from an "equal weight" rating to an "overweight" rating in a research note on Tuesday, March 4th. Keefe, Bruyette & Woods cut Lloyds Banking Group from an "outperform" rating to a "market perform" rating in a research note on Tuesday. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $2.75.
Read Our Latest Stock Analysis on LYG
Lloyds Banking Group Trading Down 3.2 %
Shares of NYSE LYG opened at $3.54 on Wednesday. The stock has a market cap of $53.69 billion, a P/E ratio of 10.71 and a beta of 1.25. Lloyds Banking Group plc has a 12-month low of $2.42 and a 12-month high of $3.91. The business's fifty day simple moving average is $3.15 and its 200-day simple moving average is $2.99.
Lloyds Banking Group (NYSE:LYG - Get Free Report) last posted its earnings results on Thursday, February 20th. The financial services provider reported $0.05 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.03). The business had revenue of $9.46 billion during the quarter, compared to analysts' expectations of $4.76 billion. Lloyds Banking Group had a net margin of 11.45% and a return on equity of 8.46%. On average, equities analysts forecast that Lloyds Banking Group plc will post 0.27 EPS for the current fiscal year.
Lloyds Banking Group Increases Dividend
The firm also recently announced a semi-annual dividend, which will be paid on Friday, May 30th. Investors of record on Friday, April 11th will be issued a $0.1035 dividend. This represents a yield of 4%. The ex-dividend date is Friday, April 11th. 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 60.61%.
Lloyds Banking Group Company Profile
(
Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Lloyds Banking Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lloyds Banking Group wasn't on the list.
While Lloyds Banking Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
