Lloyds Banking Group PLC $LYG Holdings Increased by Yousif Capital Management LLC

Yousif Capital Management LLC grew its stake in shares of Lloyds Banking Group PLC (NYSE:LYG) by 7.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 203,173 shares of the financial services provider’s stock after buying an additional 14,205 shares during the quarter. Yousif Capital Management LLC’s holdings in Lloyds Banking Group were worth $863,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LYG. GAMMA Investing LLC raised its position in shares of Lloyds Banking Group by 24.2% during the 1st quarter. GAMMA Investing LLC now owns 57,543 shares of the financial services provider’s stock worth $220,000 after buying an additional 11,225 shares in the last quarter. Advisor Resource Council bought a new stake in shares of Lloyds Banking Group during the 1st quarter worth about $37,000. PFG Investments LLC raised its position in shares of Lloyds Banking Group by 31.4% during the 1st quarter. PFG Investments LLC now owns 15,588 shares of the financial services provider’s stock worth $60,000 after buying an additional 3,725 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of Lloyds Banking Group by 3.5% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 1,026,365 shares of the financial services provider’s stock worth $3,921,000 after buying an additional 34,395 shares in the last quarter. Finally, Oppenheimer & Co. Inc. bought a new stake in shares of Lloyds Banking Group during the 1st quarter worth about $68,000. 2.15% of the stock is currently owned by institutional investors.

Lloyds Banking Group Stock Performance

Lloyds Banking Group stock opened at $4.51 on Thursday. The firm’s 50 day simple moving average is $4.49 and its 200-day simple moving average is $4.22. Lloyds Banking Group PLC has a fifty-two week low of $2.56 and a fifty-two week high of $4.69. The company has a market cap of $66.77 billion, a P/E ratio of 11.26, a price-to-earnings-growth ratio of 0.62 and a beta of 1.02. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.44 and a quick ratio of 0.53.

Lloyds Banking Group (NYSE:LYG) last announced its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.04. Lloyds Banking Group had a net margin of 17.51% and a return on equity of 9.28%. The firm had revenue of $6.13 billion for the quarter, compared to the consensus estimate of $4.86 billion. As a group, equities research analysts predict that Lloyds Banking Group PLC will post 0.27 EPS for the current year.

Lloyds Banking Group Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Friday, September 19th. Investors of record on Monday, August 4th were given a dividend of $0.0655 per share. The ex-dividend date of this dividend was Monday, August 4th. This represents a yield of 370.0%. Lloyds Banking Group’s payout ratio is presently 32.50%.

Analyst Ratings Changes

Several brokerages have recently issued reports on LYG. Keefe, Bruyette & Woods raised shares of Lloyds Banking Group from a “hold” rating to a “moderate buy” rating in a research note on Thursday, July 17th. The Goldman Sachs Group raised shares of Lloyds Banking Group from a “neutral” rating to a “buy” rating in a research note on Tuesday, August 5th. Citigroup reaffirmed a “neutral” rating on shares of Lloyds Banking Group in a research note on Monday, September 22nd. Wall Street Zen cut shares of Lloyds Banking Group from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Kepler Capital Markets raised shares of Lloyds Banking Group from a “hold” rating to a “buy” rating in a research note on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

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.