May Hill Capital LLC acquired a new stake in Lloyds Banking Group plc (NYSE:LYG - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 83,483 shares of the financial services provider's stock, valued at approximately $227,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Brentview Investment Management LLC acquired a new position in shares of Lloyds Banking Group during the 4th quarter valued at about $31,000. Mesirow Financial Investment Management Inc. purchased a new stake in Lloyds Banking Group in the fourth quarter valued at approximately $32,000. SBI Securities Co. Ltd. acquired a new position in Lloyds Banking Group during the fourth quarter worth approximately $34,000. Jackson Thornton Wealth Management LLC purchased a new position in Lloyds Banking Group during the fourth quarter worth approximately $34,000. Finally, Simon Quick Advisors LLC purchased a new stake in shares of Lloyds Banking Group during the 4th quarter valued at $35,000. 2.15% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
LYG has been the topic of a number of research analyst reports. HSBC upgraded Lloyds Banking Group from a "hold" rating to a "buy" rating in a report on Tuesday. Keefe, Bruyette & Woods lowered Lloyds Banking Group from an "outperform" rating to a "market perform" rating in a research note on Tuesday, March 11th. 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. Finally, Hsbc Global Res raised shares of Lloyds Banking Group to a "strong-buy" rating in a research report on Thursday, March 20th. Seven analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $2.75.
Check Out Our Latest Report on Lloyds Banking Group
Lloyds Banking Group Price Performance
NYSE LYG traded down $0.18 on Thursday, reaching $3.67. The company had a trading volume of 40,227,220 shares, compared to its average volume of 14,518,631. Lloyds Banking Group plc has a 1 year low of $2.42 and a 1 year high of $3.91. The firm has a 50-day moving average of $3.48 and a 200-day moving average of $3.08. The firm has a market capitalization of $55.67 billion, a PE ratio of 11.11 and a beta of 1.25.
Lloyds Banking Group (NYSE:LYG - Get Free Report) last announced its 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). Lloyds Banking Group had a net margin of 11.45% and a return on equity of 8.46%. The firm had revenue of $9.46 billion during the quarter, compared to analysts' expectations of $4.76 billion. As a group, sell-side analysts expect 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. Stockholders of record on Friday, April 11th will be given a dividend of $0.1035 per share. This represents a dividend yield of 4%. This is a positive change from Lloyds Banking Group's previous semi-annual dividend of $0.05. The ex-dividend date of this dividend is Friday, April 11th. Lloyds Banking Group's payout ratio is presently 60.61%.
Lloyds Banking Group Company Profile
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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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