Lake Street Advisors Group LLC Purchases Shares of 35,644 Lloyds Banking Group PLC (LYG)

Lake Street Advisors Group LLC purchased a new stake in Lloyds Banking Group PLC (NYSE:LYG) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 35,644 shares of the financial services provider’s stock, valued at approximately $134,000.

Several other institutional investors have also recently bought and sold shares of the company. Stifel Financial Corp grew its stake in shares of Lloyds Banking Group by 7.5% in the 3rd quarter. Stifel Financial Corp now owns 211,366 shares of the financial services provider’s stock valued at $785,000 after buying an additional 14,763 shares during the period. ETRADE Capital Management LLC grew its stake in shares of Lloyds Banking Group by 9.7% in the 3rd quarter. ETRADE Capital Management LLC now owns 217,764 shares of the financial services provider’s stock valued at $797,000 after buying an additional 19,213 shares during the period. Private Advisor Group LLC grew its stake in shares of Lloyds Banking Group by 86.5% in the 3rd quarter. Private Advisor Group LLC now owns 43,851 shares of the financial services provider’s stock valued at $159,000 after buying an additional 20,336 shares during the period. Dorsey & Whitney Trust CO LLC grew its stake in shares of Lloyds Banking Group by 144.4% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 35,688 shares of the financial services provider’s stock valued at $133,000 after buying an additional 21,084 shares during the period. Finally, First Trust Advisors LP grew its stake in shares of Lloyds Banking Group by 18.5% in the 4th quarter. First Trust Advisors LP now owns 137,241 shares of the financial services provider’s stock valued at $515,000 after buying an additional 21,461 shares during the period. 2.40% of the stock is owned by institutional investors and hedge funds.

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Lloyds Banking Group stock opened at $3.68 on Friday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.84. The firm has a market cap of $66,304.59, a P/E ratio of 6.24 and a beta of 0.81. Lloyds Banking Group PLC has a 1 year low of $3.15 and a 1 year high of $4.21.

Lloyds Banking Group (NYSE:LYG) last posted its quarterly earnings data on Tuesday, February 20th. The financial services provider reported $0.13 earnings per share for the quarter. The firm had revenue of $12.88 billion during the quarter. Lloyds Banking Group had a net margin of 12.81% and a return on equity of 19.07%. analysts expect that Lloyds Banking Group PLC will post 0.49 earnings per share for the current fiscal year.

The business also recently disclosed a semiannual dividend, which will be paid on Friday, June 8th. Investors of record on Friday, April 20th will be given a dividend of $0.1141 per share. The ex-dividend date of this dividend is Thursday, April 19th. This represents a dividend yield of 6.01%. This is a boost from Lloyds Banking Group’s previous semiannual dividend of $0.08. Lloyds Banking Group’s dividend payout ratio (DPR) is presently 66.67%.

LYG has been the subject of several analyst reports. UBS reissued a “buy” rating on shares of Lloyds Banking Group in a research note on Wednesday, November 29th. Macquarie cut shares of Lloyds Banking Group from a “neutral” rating to an “underperform” rating in a research report on Wednesday, November 29th. Goldman Sachs reaffirmed a “sell” rating on shares of Lloyds Banking Group in a research report on Wednesday, December 6th. BNP Paribas raised shares of Lloyds Banking Group from an “underperform” rating to a “neutral” rating in a research report on Monday, December 11th. Finally, Zacks Investment Research raised shares of Lloyds Banking Group from a “sell” rating to a “hold” rating in a research report on Wednesday, December 13th. Six investment analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. Lloyds Banking Group has a consensus rating of “Hold” and a consensus target price of $4.25.

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Lloyds Banking Group Company Profile

Lloyds Banking Group plc is a provider of financial services to individual and business customers in the United Kingdom. The Company’s main business activities are retail and commercial banking, general insurance, and long-term savings, protection and investment. The Company’s segments are Retail, Commercial Banking, Consumer Finance, Insurance and Other.

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Institutional Ownership by Quarter for Lloyds Banking Group (NYSE:LYG)

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