Drucker Wealth 3.0 LLC Takes Position in Lloyds Banking Group plc (NYSE:LYG)

Drucker Wealth 3.0 LLC acquired a new position in Lloyds Banking Group plc (NYSE:LYG - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 754,340 shares of the financial services provider's stock, valued at approximately $2,059,000.

A number of other hedge funds have also made changes to their positions in LYG. Dimensional Fund Advisors LP increased its holdings in Lloyds Banking Group by 2.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 18,625,679 shares of the financial services provider's stock valued at $44,528,000 after purchasing an additional 439,009 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Lloyds Banking Group by 6.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 223,453 shares of the financial services provider's stock valued at $534,000 after buying an additional 13,956 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Lloyds Banking Group by 0.5% during the 4th quarter. Franklin Resources Inc. now owns 1,505,728 shares of the financial services provider's stock valued at $3,599,000 after buying an additional 7,363 shares during the period. Aigen Investment Management LP acquired a new position in Lloyds Banking Group during the 4th quarter worth approximately $38,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in Lloyds Banking Group by 259.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 11,117 shares of the financial services provider's stock worth $27,000 after acquiring an additional 8,027 shares during the period. Hedge funds and other institutional investors own 2.15% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. BNP Paribas raised shares of Lloyds Banking Group from a "neutral" rating to an "outperform" rating in a research report on Friday, July 5th. Royal Bank of Canada cut shares of Lloyds Banking Group from an "outperform" rating to a "sector perform" rating in a research report on Friday, July 26th. Citigroup lowered Lloyds Banking Group from a "buy" rating to a "neutral" rating in a research report on Monday, August 5th. UBS Group restated a "neutral" rating on shares of Lloyds Banking Group in a report on Tuesday, July 30th. Finally, Kepler Capital Markets began coverage on Lloyds Banking Group in a research note on Thursday, September 5th. They set a "hold" rating for the company. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $2.75.

Lloyds Banking Group Stock Performance

Shares of LYG traded up $0.06 during mid-day trading on Thursday, hitting $3.17. The stock had a trading volume of 8,672,636 shares, compared to its average volume of 9,472,007. Lloyds Banking Group plc has a fifty-two week low of $1.88 and a fifty-two week high of $3.18. The company has a quick ratio of 1.48, a current ratio of 1.45 and a debt-to-equity ratio of 1.89. The company has a market cap of $49.47 billion, a PE ratio of 8.24 and a beta of 1.35. The company's fifty day simple moving average is $3.00 and its two-hundred day simple moving average is $2.80.

Lloyds Banking Group (NYSE:LYG - Get Free Report) last released its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.09 EPS for the quarter. Lloyds Banking Group had a net margin of 12.40% and a return on equity of 10.34%. The firm had revenue of $9.55 billion during the quarter. On average, equities analysts expect that Lloyds Banking Group plc will post 0.32 earnings per share for the current year.

Lloyds Banking Group Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Friday, September 20th. Shareholders of record on Monday, August 5th were paid a $0.0546 dividend. This is an increase from Lloyds Banking Group's previous semi-annual dividend of $0.05. This represents a yield of 4.4%. The ex-dividend date was Monday, August 5th. Lloyds Banking Group's payout ratio is presently 26.32%.

Lloyds Banking Group 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.