Lloyds Banking Group plc (NYSE:LYG) Shares Bought by Allworth Financial LP

Allworth Financial LP boosted its holdings in shares of Lloyds Banking Group plc (NYSE:LYG) by 36.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,032 shares of the financial services provider’s stock after acquiring an additional 5,609 shares during the period. Allworth Financial LP’s holdings in Lloyds Banking Group were worth $50,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Riversedge Advisors LLC acquired a new position in Lloyds Banking Group during the fourth quarter worth about $27,000. Radnor Capital Management LLC purchased a new stake in shares of Lloyds Banking Group during the third quarter worth about $26,000. Cherrydale Wealth Management LLC purchased a new stake in shares of Lloyds Banking Group during the fourth quarter worth about $29,000. Johnson Investment Counsel Inc. purchased a new stake in shares of Lloyds Banking Group during the third quarter worth about $27,000. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in shares of Lloyds Banking Group during the fourth quarter worth about $28,000. Institutional investors and hedge funds own 2.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Bank of America upgraded shares of Lloyds Banking Group from a “neutral” rating to a “buy” rating in a report on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $64.17.

Lloyds Banking Group Price Performance

Lloyds Banking Group stock opened at $2.47 on Friday. Lloyds Banking Group plc has a 1 year low of $1.88 and a 1 year high of $2.72. The firm has a 50 day moving average price of $2.39 and a 200 day moving average price of $2.25. The company has a market cap of $39.34 billion, a price-to-earnings ratio of 6.18, a PEG ratio of 1.03 and a beta of 1.32. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.48 and a current ratio of 1.48.

Lloyds Banking Group (NYSE:LYG) last released its earnings results on Thursday, February 22nd. The financial services provider reported $0.11 earnings per share (EPS) for the quarter. Lloyds Banking Group had a net margin of 17.97% and a return on equity of 11.29%. The firm had revenue of $19.05 billion during the quarter. Sell-side analysts predict that Lloyds Banking Group plc will post 0.32 earnings per share for the current year.

Lloyds Banking Group Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Friday, May 31st. Investors of record on Friday, April 12th will be issued a $0.046 dividend. The ex-dividend date of this dividend is Thursday, April 11th. This represents a yield of 5.9%. Lloyds Banking Group’s payout ratio is 45.00%.

About Lloyds Banking Group

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.