Raymond James Financial Inc. bought a new position in shares of Lloyds Banking Group plc (NYSE:LYG - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,127,209 shares of the financial services provider's stock, valued at approximately $11,226,000.
A number of other institutional investors have also recently bought and sold shares of LYG. Brentview Investment Management LLC acquired a new stake in shares of Lloyds Banking Group during the fourth quarter worth $31,000. SBI Securities Co. Ltd. acquired a new stake in shares of Lloyds Banking Group in the 4th quarter valued at about $34,000. Simon Quick Advisors LLC bought a new stake in shares of Lloyds Banking Group in the fourth quarter valued at about $35,000. Cerro Pacific Wealth Advisors LLC acquired a new position in shares of Lloyds Banking Group during the fourth quarter worth about $37,000. Finally, CIBC Asset Management Inc acquired a new stake in Lloyds Banking Group in the 4th quarter valued at approximately $38,000. Institutional investors own 2.15% of the company's stock.
Lloyds Banking Group Stock Up 2.0 %
Shares of NYSE LYG traded up $0.08 during trading hours on Monday, hitting $3.82. The company had a trading volume of 16,017,824 shares, compared to its average volume of 14,005,211. Lloyds Banking Group plc has a 1-year low of $2.42 and a 1-year high of $3.91. The firm's 50 day moving average is $3.31 and its 200-day moving average is $3.03. The stock has a market capitalization of $57.95 billion, a P/E ratio of 11.56 and a beta of 1.25.
Lloyds Banking Group (NYSE:LYG - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The financial services provider reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.08 by ($0.03). The firm had revenue of $9.46 billion during the quarter, compared to the consensus estimate of $4.76 billion. Lloyds Banking Group had a net margin of 11.45% and a return on equity of 8.46%. On average, sell-side analysts predict that Lloyds Banking Group plc will post 0.27 earnings per share for the current year.
Lloyds Banking Group Increases Dividend
The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, April 11th will be paid a $0.1035 dividend. This is a positive change from Lloyds Banking Group's previous semi-annual dividend of $0.05. The ex-dividend date is Friday, April 11th. This represents a yield of 4%. Lloyds Banking Group's dividend payout ratio is currently 60.61%.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on LYG. Keefe, Bruyette & Woods cut shares of Lloyds Banking Group from an "outperform" rating to a "market perform" rating in a research note on Tuesday, March 11th. Morgan Stanley upgraded shares of Lloyds Banking Group from an "equal weight" rating to an "overweight" rating in a research note on Tuesday, March 4th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $2.75.
View Our Latest Analysis on LYG
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.
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