Caprock Group LLC Acquires Shares of 428,945 Lloyds Banking Group PLC $LYG

Caprock Group LLC bought a new position in Lloyds Banking Group PLC (NYSE:LYG) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 428,945 shares of the financial services provider’s stock, valued at approximately $1,881,000.

Several other institutional investors and hedge funds have also made changes to their positions in LYG. True Wealth Design LLC acquired a new position in Lloyds Banking Group in the third quarter worth $25,000. Salomon & Ludwin LLC boosted its holdings in shares of Lloyds Banking Group by 2,671.6% in the 3rd quarter. Salomon & Ludwin LLC now owns 5,959 shares of the financial services provider’s stock valued at $27,000 after buying an additional 5,744 shares during the period. Private Trust Co. NA grew its position in shares of Lloyds Banking Group by 115.2% during the 3rd quarter. Private Trust Co. NA now owns 6,092 shares of the financial services provider’s stock valued at $28,000 after buying an additional 3,261 shares during the last quarter. Westside Investment Management Inc. raised its stake in Lloyds Banking Group by 100.0% during the third quarter. Westside Investment Management Inc. now owns 6,406 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 3,203 shares during the period. Finally, Concord Wealth Partners lifted its holdings in Lloyds Banking Group by 124.9% in the third quarter. Concord Wealth Partners now owns 7,203 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 4,000 shares during the last quarter. 2.15% of the stock is owned by institutional investors and hedge funds.

Lloyds Banking Group Price Performance

Shares of NYSE:LYG opened at $5.61 on Friday. The stock’s 50 day moving average price is $5.50 and its 200 day moving average price is $4.90. The stock has a market cap of $82.58 billion, a price-to-earnings ratio of 13.35, a PEG ratio of 0.58 and a beta of 0.87. Lloyds Banking Group PLC has a 12 month low of $3.13 and a 12 month high of $6.34.

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

Lloyds Banking Group Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, April 10th will be given a dividend of $0.134 per share. The ex-dividend date is Friday, April 10th. This represents a dividend yield of 447.0%. Lloyds Banking Group’s dividend payout ratio (DPR) is 61.90%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on LYG shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Lloyds Banking Group in a research report on Wednesday, January 28th. Citigroup reiterated a “neutral” rating on shares of Lloyds Banking Group in a research note on Monday, December 1st. BNP Paribas Exane downgraded shares of Lloyds Banking Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 10th. Wall Street Zen cut shares of Lloyds Banking Group from a “buy” rating to a “hold” rating in a report on Monday, October 20th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Lloyds Banking Group in a research note on Monday, November 24th. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

About Lloyds Banking Group

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.