169,432 Shares in Lloyds Banking Group PLC $LYG Acquired by Dynasty Wealth Management LLC

Dynasty Wealth Management LLC acquired a new stake in shares of Lloyds Banking Group PLC (NYSE:LYG) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 169,432 shares of the financial services provider’s stock, valued at approximately $769,000.

Several other hedge funds also recently bought and sold shares of the company. True Wealth Design LLC acquired a new position in shares of Lloyds Banking Group in the 3rd quarter valued at $25,000. Salomon & Ludwin LLC grew its stake in Lloyds Banking Group by 2,671.6% in the third quarter. Salomon & Ludwin LLC now owns 5,959 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 5,744 shares during the period. Private Trust Co. NA raised its position in shares of Lloyds Banking Group by 115.2% during the third quarter. Private Trust Co. NA now owns 6,092 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 3,261 shares during the period. V Square Quantitative Management LLC bought a new position in shares of Lloyds Banking Group during the 2nd quarter valued at about $29,000. Finally, Opal Wealth Advisors LLC acquired a new position in shares of Lloyds Banking Group in the 2nd quarter valued at approximately $35,000. 2.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on the stock. Zacks Research downgraded shares of Lloyds Banking Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 23rd. Morgan Stanley reaffirmed an “overweight” rating on shares of Lloyds Banking Group in a research note on Monday, November 24th. Wall Street Zen downgraded Lloyds Banking Group from a “buy” rating to a “hold” rating in a research note on Monday, October 20th. Citigroup reaffirmed a “neutral” rating on shares of Lloyds Banking Group in a research report on Monday, December 1st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Lloyds Banking Group in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Lloyds Banking Group Stock Performance

NYSE:LYG opened at $5.51 on Wednesday. Lloyds Banking Group PLC has a 52-week low of $2.97 and a 52-week high of $5.56. The company has a market cap of $81.11 billion, a P/E ratio of 15.73, a P/E/G ratio of 0.64 and a beta of 0.89. The stock’s 50-day simple moving average is $5.15 and its 200 day simple moving average is $4.70.

Lloyds Banking Group (NYSE:LYG) last posted its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.07). Lloyds Banking Group had a net margin of 18.04% and a return on equity of 8.38%. The company had revenue of $6.56 billion during the quarter, compared to the consensus estimate of $5.02 billion. As a group, equities analysts predict that Lloyds Banking Group PLC will post 0.27 earnings per share for the current fiscal year.

Lloyds Banking Group Company Profile

Lloyds Banking Group plc is a UK-based banking and financial services company that provides a broad range of retail, commercial and insurance products. Its principal consumer-facing brands include Lloyds Bank, Halifax and Bank of Scotland, through which it offers current accounts, savings, mortgages, credit cards and personal loans. The group also delivers services to small and medium-sized enterprises (SMEs) and larger corporate clients, supplying business accounts, lending, payments and cash-management solutions.

In addition to core banking, Lloyds operates a significant wealth and insurance arm under the Scottish Widows brand, offering life insurance, pensions, investment and retirement planning products.