Cwm LLC Purchases 12,411 Shares of Lloyds Banking Group plc (NYSE:LYG)

Cwm LLC lifted its position in shares of Lloyds Banking Group plc (NYSE:LYG) by 128.5% in the fourth quarter, HoldingsChannel reports. The fund owned 22,070 shares of the financial services provider’s stock after buying an additional 12,411 shares during the period. Cwm LLC’s holdings in Lloyds Banking Group were worth $53,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Mondrian Investment Partners LTD raised its position in shares of Lloyds Banking Group by 8.7% during the 3rd quarter. Mondrian Investment Partners LTD now owns 29,131,456 shares of the financial services provider’s stock valued at $62,050,000 after acquiring an additional 2,336,000 shares during the last quarter. QRG Capital Management Inc. acquired a new position in Lloyds Banking Group in the third quarter valued at about $1,807,000. Natixis Advisors L.P. boosted its holdings in Lloyds Banking Group by 16.2% during the third quarter. Natixis Advisors L.P. now owns 5,281,855 shares of the financial services provider’s stock worth $11,250,000 after buying an additional 735,219 shares during the last quarter. Acadian Asset Management LLC acquired a new position in shares of Lloyds Banking Group during the 3rd quarter worth about $1,363,000. Finally, Raymond James & Associates increased its stake in shares of Lloyds Banking Group by 23.9% in the 4th quarter. Raymond James & Associates now owns 2,443,769 shares of the financial services provider’s stock valued at $5,841,000 after acquiring an additional 471,656 shares during the last quarter. Institutional investors and hedge funds own 2.15% of the company’s stock.

Lloyds Banking Group Trading Up 1.5 %

Shares of NYSE:LYG opened at $2.71 on Friday. The firm has a market cap of $43.17 billion, a price-to-earnings ratio of 7.13, a PEG ratio of 1.09 and a beta of 1.29. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 1.82. Lloyds Banking Group plc has a 12 month low of $1.88 and a 12 month high of $2.72. The company’s fifty day simple moving average is $2.54 and its 200 day simple moving average is $2.31.

Lloyds Banking Group (NYSE:LYG) last issued its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.09 EPS for the quarter. Lloyds Banking Group had a return on equity of 10.35% and a net margin of 13.41%. The company had revenue of $14.35 billion for the quarter. As a group, research analysts forecast that Lloyds Banking Group plc will post 0.32 EPS for the current fiscal year.

Lloyds Banking Group Cuts Dividend

The firm also recently disclosed 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. This represents a dividend yield of 5.9%. The ex-dividend date is Thursday, April 11th. Lloyds Banking Group’s dividend payout ratio is presently 47.37%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Lloyds Banking Group in a report on Thursday. They set a “buy” rating for the company. Berenberg Bank started coverage on shares of Lloyds Banking Group in a research report on Thursday, April 25th. They issued a “hold” rating and a $2.75 price objective for the company. Finally, Bank of America upgraded Lloyds Banking Group from a “neutral” rating to a “buy” rating in a report on Thursday, March 21st. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $52.55.

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.