Hantz Financial Services Inc. Raises Stake in Lloyds Banking Group PLC $LYG

Hantz Financial Services Inc. boosted its holdings in Lloyds Banking Group PLC (NYSE:LYG) by 311.6% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 227,764 shares of the financial services provider’s stock after acquiring an additional 172,422 shares during the quarter. Hantz Financial Services Inc.’s holdings in Lloyds Banking Group were worth $1,034,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Westside Investment Management Inc. increased its position in shares of Lloyds Banking Group by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 6,406 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 3,203 shares during the last quarter. TFB Advisors LLC purchased a new stake in shares of Lloyds Banking Group during the third quarter worth about $87,000. Transcend Capital Advisors LLC increased its holdings in Lloyds Banking Group by 72.2% during the 3rd quarter. Transcend Capital Advisors LLC now owns 40,712 shares of the financial services provider’s stock valued at $185,000 after purchasing an additional 17,065 shares during the period. Independent Advisor Alliance lifted its holdings in Lloyds Banking Group by 5.1% in the 3rd quarter. Independent Advisor Alliance now owns 81,175 shares of the financial services provider’s stock worth $369,000 after buying an additional 3,927 shares during the period. Finally, Keybank National Association OH grew its position in shares of Lloyds Banking Group by 34.0% in the 3rd quarter. Keybank National Association OH now owns 37,093 shares of the financial services provider’s stock worth $168,000 after buying an additional 9,406 shares during the last quarter. Institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Price Performance

Shares of Lloyds Banking Group stock opened at $5.92 on Friday. Lloyds Banking Group PLC has a 1 year low of $3.07 and a 1 year high of $6.34. The firm has a market cap of $87.22 billion, a price-to-earnings ratio of 14.10, a PEG ratio of 0.59 and a beta of 0.87. The company has a 50-day moving average of $5.43 and a 200 day moving average of $4.85.

Lloyds Banking Group (NYSE:LYG) last announced its quarterly earnings data on Thursday, January 29th. The financial services provider reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. Lloyds Banking Group had a net margin of 24.30% and a return on equity of 10.06%. The business had revenue of $6.38 billion for the quarter, compared to analysts’ expectations of $6.52 billion. On average, equities analysts anticipate that Lloyds Banking Group PLC will post 0.27 EPS for the current year.

Lloyds Banking Group Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, April 10th will be given a $0.134 dividend. This represents a dividend yield of 447.0%. The ex-dividend date of this dividend is Friday, April 10th. Lloyds Banking Group’s payout ratio is currently 30.95%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. BNP Paribas Exane downgraded Lloyds Banking Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 10th. Wall Street Zen lowered shares of Lloyds Banking Group from a “buy” rating to a “hold” rating in a report on Monday, October 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Lloyds Banking Group in a research note on Tuesday. Weiss Ratings restated a “hold (c)” rating on shares of Lloyds Banking Group in a report on Wednesday, January 28th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Lloyds Banking Group in a research report on Tuesday, October 28th. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Lloyds Banking Group has an average rating of “Moderate Buy”.

Lloyds Banking Group 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.