BTC Capital Management Inc. Takes $1.85 Million Position in Lloyds Banking Group PLC $LYG

BTC Capital Management Inc. bought a new position in shares of Lloyds Banking Group PLC (NYSE:LYG) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 348,118 shares of the financial services provider’s stock, valued at approximately $1,846,000.

Other large investors have also recently bought and sold shares of the company. True Wealth Design LLC bought a new position in shares of Lloyds Banking Group during the 3rd quarter worth about $25,000. Salomon & Ludwin LLC grew its position in Lloyds Banking Group by 2,671.6% during the third quarter. Salomon & Ludwin LLC now owns 5,959 shares of the financial services provider’s stock worth $27,000 after buying an additional 5,744 shares in the last quarter. Private Trust Co. NA grew its position in 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 buying an additional 3,261 shares in the last quarter. Westside Investment Management Inc. increased 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 valued at $29,000 after acquiring an additional 3,203 shares during the period. Finally, Concord Wealth Partners raised its holdings in Lloyds Banking Group by 124.9% in the 3rd quarter. Concord Wealth Partners now owns 7,203 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 4,000 shares in the last quarter. 2.15% of the stock is currently owned by institutional investors and hedge funds.

Lloyds Banking Group Stock Up 3.9%

Shares of LYG opened at $5.02 on Wednesday. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 1.84. The company has a 50-day moving average price of $5.50 and a two-hundred day moving average price of $5.11. The stock has a market cap of $73.95 billion, a price-to-earnings ratio of 11.95, a P/E/G ratio of 0.49 and a beta of 0.86. Lloyds Banking Group PLC has a 12 month low of $3.27 and a 12 month high of $6.34.

Lloyds Banking Group (NYSE:LYG) last released its quarterly earnings data on Thursday, January 29th. The financial services provider reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.01. The company had revenue of $6.38 billion for the quarter, compared to analyst estimates of $6.52 billion. Lloyds Banking Group had a return on equity of 10.06% and a net margin of 24.30%. Equities analysts predict that Lloyds Banking Group PLC will post 0.27 EPS for the current fiscal year.

Lloyds Banking Group Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Weiss Ratings raised Lloyds Banking Group from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, February 17th. BNP Paribas Exane cut Lloyds Banking Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 10th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Lloyds Banking Group in a research note on Tuesday, February 3rd. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently 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.