Timber Creek Capital Management LLC Purchases 8,684 Shares of Lloyds Banking Group plc (NYSE:LYG)

Timber Creek Capital Management LLC increased its holdings in shares of Lloyds Banking Group plc (NYSE:LYG) by 0.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,374,914 shares of the financial services provider’s stock after purchasing an additional 8,684 shares during the period. Timber Creek Capital Management LLC’s holdings in Lloyds Banking Group were worth $3,754,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in LYG. Mondrian Investment Partners LTD boosted its stake in Lloyds Banking Group by 39.2% in the 1st quarter. Mondrian Investment Partners LTD now owns 89,948,537 shares of the financial services provider’s stock worth $232,967,000 after purchasing an additional 25,351,270 shares during the period. CIBC Private Wealth Group LLC grew its holdings in shares of Lloyds Banking Group by 149.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 29,696,591 shares of the financial services provider’s stock worth $70,975,000 after buying an additional 17,814,615 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Lloyds Banking Group by 5.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 22,166,362 shares of the financial services provider’s stock valued at $52,978,000 after buying an additional 1,180,775 shares during the last quarter. Morningstar Investment Services LLC boosted its position in Lloyds Banking Group by 96.9% during the 4th quarter. Morningstar Investment Services LLC now owns 21,147,627 shares of the financial services provider’s stock worth $50,966,000 after acquiring an additional 10,406,673 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Lloyds Banking Group by 2.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 18,625,679 shares of the financial services provider’s stock worth $44,528,000 after acquiring an additional 439,009 shares in the last quarter. Institutional investors and hedge funds own 2.15% of the company’s stock.

Lloyds Banking Group Stock Performance

Shares of LYG traded up $0.05 during midday trading on Friday, reaching $3.02. The stock had a trading volume of 3,544,726 shares, compared to its average volume of 9,296,156. The firm has a 50 day simple moving average of $2.89 and a 200-day simple moving average of $2.64. Lloyds Banking Group plc has a one year low of $1.88 and a one year high of $3.13. The firm has a market cap of $47.20 billion, a PE ratio of 7.95 and a beta of 1.35. The company has a current ratio of 1.45, a quick ratio of 1.48 and a debt-to-equity ratio of 1.89.

Lloyds Banking Group (NYSE:LYG) last announced its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.09 EPS for the quarter. The company had revenue of $9.55 billion during the quarter. Lloyds Banking Group had a net margin of 12.40% and a return on equity of 10.34%. As a group, sell-side analysts anticipate that Lloyds Banking Group plc will post 0.32 EPS for the current year.

Lloyds Banking Group Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Friday, September 20th. Shareholders of record on Monday, August 5th will be issued a $0.0546 dividend. This represents a yield of 4.4%. This is a positive change from Lloyds Banking Group’s previous semi-annual dividend of $0.05. The ex-dividend date is Monday, August 5th. Lloyds Banking Group’s dividend payout ratio is currently 26.32%.

Analysts Set New Price Targets

LYG has been the subject of several recent research reports. Citigroup cut shares of Lloyds Banking Group from a “buy” rating to a “neutral” rating in a report on Monday, August 5th. Berenberg Bank started coverage on Lloyds Banking Group in a report on Thursday, April 25th. They set a “hold” rating and a $2.75 target price on the stock. Deutsche Bank Aktiengesellschaft started coverage on Lloyds Banking Group in a research note on Thursday, May 9th. They issued a “buy” rating for the company. BNP Paribas raised Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a report on Friday, July 5th. Finally, Royal Bank of Canada downgraded shares of Lloyds Banking Group from an “outperform” rating to a “sector perform” rating in a report on Friday, July 26th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $32.38.

Lloyds Banking Group 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.