8,938 Shares in Lloyds Banking Group PLC $LYG Bought by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC purchased a new position in shares of Lloyds Banking Group PLC (NYSE:LYG) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 8,938 shares of the financial services provider’s stock, valued at approximately $38,000.

A number of other hedge funds have also bought and sold shares of LYG. GAMMA Investing LLC lifted its holdings in Lloyds Banking Group by 374.6% during the first quarter. GAMMA Investing LLC now owns 219,814 shares of the financial services provider’s stock worth $840,000 after acquiring an additional 173,496 shares during the period. Sowell Financial Services LLC purchased a new stake in Lloyds Banking Group in the first quarter worth $44,000. Sagespring Wealth Partners LLC purchased a new stake in Lloyds Banking Group in the first quarter worth $170,000. QRG Capital Management Inc. increased its position in Lloyds Banking Group by 0.8% in the first quarter. QRG Capital Management Inc. now owns 2,390,985 shares of the financial services provider’s stock worth $9,134,000 after buying an additional 18,232 shares during the last quarter. Finally, Insigneo Advisory Services LLC increased its position in Lloyds Banking Group by 19.5% in the first quarter. Insigneo Advisory Services LLC now owns 29,692 shares of the financial services provider’s stock worth $113,000 after buying an additional 4,851 shares during the last quarter. 2.15% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on LYG. Kepler Capital Markets raised Lloyds Banking Group from a “hold” rating to a “buy” rating in a research report on Thursday, October 9th. Weiss Ratings downgraded Lloyds Banking Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 8th. Wall Street Zen upgraded Lloyds Banking Group from a “hold” rating to a “buy” rating in a research report on Sunday. Morgan Stanley reiterated an “overweight” rating on shares of Lloyds Banking Group in a research report on Monday, August 4th. Finally, JPMorgan Chase & Co. upgraded Lloyds Banking Group from an “underweight” rating to a “neutral” rating in a research report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Lloyds Banking Group presently has an average rating of “Moderate Buy”.

Lloyds Banking Group Trading Up 0.8%

Shares of LYG stock opened at $4.53 on Wednesday. Lloyds Banking Group PLC has a 12-month low of $2.56 and a 12-month high of $4.69. The company has a quick ratio of 0.53, a current ratio of 1.44 and a debt-to-equity ratio of 1.68. The business has a 50-day moving average price of $4.48 and a two-hundred day moving average price of $4.19. The firm has a market cap of $67.43 billion, a P/E ratio of 11.31, a price-to-earnings-growth ratio of 0.63 and a beta of 1.02.

Lloyds Banking Group (NYSE:LYG) last released its earnings results on Thursday, July 24th. The financial services provider reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.04. Lloyds Banking Group had a return on equity of 9.28% and a net margin of 17.51%.The company had revenue of $6.13 billion during the quarter, compared to analyst estimates of $4.86 billion. Equities analysts anticipate that Lloyds Banking Group PLC will post 0.27 EPS for the current fiscal year.

Lloyds Banking Group Cuts Dividend

The business also recently announced a semi-annual dividend, which was paid on Friday, September 19th. Stockholders of record on Monday, August 4th were paid a $0.0655 dividend. This represents a dividend yield of 370.0%. The ex-dividend date of this dividend was Monday, August 4th. Lloyds Banking Group’s payout ratio is 30.00%.

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.