Koss Olinger Consulting LLC increased its stake in shares of Lloyds Banking Group plc (NYSE:LYG - Free Report) by 396.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 100,606 shares of the financial services provider's stock after purchasing an additional 80,335 shares during the quarter. Koss Olinger Consulting LLC's holdings in Lloyds Banking Group were worth $274,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in shares of Lloyds Banking Group during the 4th quarter valued at $11,226,000. FMR LLC raised its stake in Lloyds Banking Group by 14.7% in the third quarter. FMR LLC now owns 19,280,034 shares of the financial services provider's stock valued at $60,154,000 after buying an additional 2,472,263 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Lloyds Banking Group by 58.5% in the third quarter. JPMorgan Chase & Co. now owns 6,659,629 shares of the financial services provider's stock worth $20,778,000 after acquiring an additional 2,456,914 shares in the last quarter. Citigroup Inc. increased its holdings in shares of Lloyds Banking Group by 58.3% during the third quarter. Citigroup Inc. now owns 1,703,943 shares of the financial services provider's stock valued at $5,316,000 after acquiring an additional 627,592 shares in the last quarter. Finally, Assetmark Inc. raised its position in shares of Lloyds Banking Group by 3,120.8% in the 4th quarter. Assetmark Inc. now owns 640,202 shares of the financial services provider's stock valued at $1,741,000 after purchasing an additional 620,325 shares during the last quarter. Institutional investors own 2.15% of the company's stock.
Analyst Ratings Changes
LYG has been the topic of several research analyst reports. Morgan Stanley raised shares of Lloyds Banking Group from an "equal weight" rating to an "overweight" rating in a research report on Tuesday, March 4th. Keefe, Bruyette & Woods downgraded Lloyds Banking Group from an "outperform" rating to a "market perform" rating in a research report on Tuesday, March 11th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $2.75.
Read Our Latest Analysis on LYG
Lloyds Banking Group Trading Up 2.0 %
Shares of LYG stock traded up $0.08 during trading hours on Monday, hitting $3.82. The company's stock had a trading volume of 16,017,829 shares, compared to its average volume of 14,005,211. The company has a 50 day moving average of $3.31 and a 200 day moving average of $3.03. Lloyds Banking Group plc has a 12-month low of $2.42 and a 12-month high of $3.91. The stock has a market cap of $57.95 billion, a PE ratio of 11.56 and a beta of 1.25.
Lloyds Banking Group (NYSE:LYG - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The financial services provider reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.03). The company had revenue of $9.46 billion for the quarter, compared to analyst estimates of $4.76 billion. Lloyds Banking Group had a return on equity of 8.46% and a net margin of 11.45%. As a group, analysts anticipate that Lloyds Banking Group plc will post 0.27 earnings per share for the current fiscal year.
Lloyds Banking Group Increases Dividend
The business also recently declared a semi-annual dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, April 11th will be issued a $0.1035 dividend. The ex-dividend date is Friday, April 11th. This is an increase from Lloyds Banking Group's previous semi-annual dividend of $0.05. This represents a yield of 4%. Lloyds Banking Group's payout ratio is presently 60.61%.
About Lloyds Banking Group
(
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.
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