Prime Capital Investment Advisors LLC Takes Position in Lloyds Banking Group plc (NYSE:LYG)

Prime Capital Investment Advisors LLC acquired a new stake in Lloyds Banking Group plc (NYSE:LYG) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 42,074 shares of the financial services provider’s stock, valued at approximately $101,000.

Several other hedge funds also recently modified their holdings of LYG. Radnor Capital Management LLC bought a new position in shares of Lloyds Banking Group in the 3rd quarter valued at about $26,000. Johnson Investment Counsel Inc. bought a new position in Lloyds Banking Group during the third quarter worth about $27,000. Riversedge Advisors LLC bought a new position in Lloyds Banking Group during the fourth quarter worth about $27,000. PFG Advisors bought a new position in Lloyds Banking Group during the third quarter worth about $28,000. Finally, Sterling Financial Group Inc. bought a new position in Lloyds Banking Group during the third quarter worth about $28,000. Institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Trading Down 1.6 %

Shares of LYG stock opened at $2.47 on Monday. The firm has a 50 day moving average price of $2.39 and a two-hundred day moving average price of $2.25. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 1.81. The company has a market capitalization of $39.34 billion, a PE ratio of 6.18, a price-to-earnings-growth ratio of 1.01 and a beta of 1.32. Lloyds Banking Group plc has a 12-month low of $1.88 and a 12-month high of $2.72.

Lloyds Banking Group (NYSE:LYG) last issued its quarterly earnings data 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. As a group, analysts predict that Lloyds Banking Group plc will post 0.32 earnings per share for the current year.

Lloyds Banking Group Cuts Dividend

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

Wall Street Analysts Forecast Growth

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

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.