Coppell Advisory Solutions Corp. Purchases Shares of 14,392 Lloyds Banking Group plc (NYSE:LYG)

Coppell Advisory Solutions Corp. bought a new stake in Lloyds Banking Group plc (NYSE:LYG) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 14,392 shares of the financial services provider’s stock, valued at approximately $37,000.

Several other large investors have also made changes to their positions in the company. Naples Money Management LLC bought a new position in Lloyds Banking Group during the 4th quarter valued at about $25,000. TCG Advisory Services LLC acquired a new stake in shares of Lloyds Banking Group during the fourth quarter worth approximately $25,000. Atria Wealth Solutions Inc. acquired a new stake in shares of Lloyds Banking Group during the fourth quarter worth approximately $26,000. D Orazio & Associates Inc. acquired a new position in shares of Lloyds Banking Group in the 4th quarter worth approximately $26,000. Finally, Headlands Technologies LLC acquired a new position in shares of Lloyds Banking Group in the 4th quarter worth approximately $27,000. Institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Trading Down 1.4 %

Lloyds Banking Group stock traded down $0.04 during trading hours on Friday, reaching $2.84. 7,572,393 shares of the company’s stock traded hands, compared to its average volume of 9,264,237. The firm has a market capitalization of $44.39 billion, a price-to-earnings ratio of 7.59 and a beta of 1.35. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.48 and a current ratio of 1.45. Lloyds Banking Group plc has a fifty-two week low of $1.88 and a fifty-two week high of $3.13. The firm’s 50 day moving average is $2.87 and its 200-day moving average is $2.58.

Lloyds Banking Group Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, September 20th. Investors of record on Monday, August 5th will be issued a $0.0546 dividend. This is a positive change from Lloyds Banking Group’s previous semi-annual dividend of $0.05. This represents a yield of 4.4%. The ex-dividend date of this dividend is Monday, August 5th. Lloyds Banking Group’s dividend payout ratio is currently 47.37%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft began coverage on Lloyds Banking Group in a research report on Thursday, May 9th. They issued a “buy” rating for the company. Royal Bank of Canada downgraded shares of Lloyds Banking Group from an “outperform” rating to a “sector perform” rating in a research report on Friday, July 26th. UBS Group restated a “neutral” rating on shares of Lloyds Banking Group in a research report on Tuesday. Berenberg Bank started coverage on shares of Lloyds Banking Group in a research report on Thursday, April 25th. They set a “hold” rating and a $2.75 target price on the stock. Finally, BNP Paribas raised shares of Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a report on Friday, July 5th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Lloyds Banking Group currently has an average rating of “Moderate Buy” and a consensus target price of $32.38.

Lloyds Banking Group Company Profile

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.