Callan Family Office LLC Buys New Stake in Lloyds Banking Group plc (NYSE:LYG)

Callan Family Office LLC bought a new stake in Lloyds Banking Group plc (NYSE:LYG) during the 4th quarter, Holdings Channel reports. The institutional investor bought 79,676 shares of the financial services provider’s stock, valued at approximately $217,000.

Other hedge funds also recently made changes to their positions in the company. Brentview Investment Management LLC purchased a new position in shares of Lloyds Banking Group during the fourth quarter worth about $31,000. SBI Securities Co. Ltd. purchased a new position in shares of Lloyds Banking Group during the fourth quarter worth about $34,000. Simon Quick Advisors LLC purchased a new position in shares of Lloyds Banking Group during the fourth quarter worth about $35,000. Cerro Pacific Wealth Advisors LLC purchased a new position in shares of Lloyds Banking Group during the fourth quarter worth about $37,000. Finally, CIBC Asset Management Inc purchased a new position in shares of Lloyds Banking Group during the fourth quarter worth about $38,000. Hedge funds and other institutional investors own 2.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Keefe, Bruyette & Woods lowered Lloyds Banking Group from an “outperform” rating to a “market perform” rating in a report on Tuesday. Morgan Stanley raised Lloyds Banking Group from an “equal weight” rating to an “overweight” rating in a report on Tuesday, March 4th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $2.75.

Lloyds Banking Group Price Performance

Shares of LYG opened at $3.54 on Wednesday. The firm has a 50 day simple moving average of $3.15 and a 200-day simple moving average of $2.99. Lloyds Banking Group plc has a 1-year low of $2.42 and a 1-year high of $3.91. The stock has a market cap of $53.69 billion, a price-to-earnings ratio of 10.71 and a beta of 1.25.

Lloyds Banking Group (NYSE:LYG) last issued its quarterly earnings data on Thursday, February 20th. The financial services provider reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). Lloyds Banking Group had a return on equity of 8.46% and a net margin of 11.45%. The business had revenue of $9.46 billion for the quarter, compared to analysts’ expectations of $4.76 billion. On average, equities analysts expect that Lloyds Banking Group plc will post 0.27 earnings per share for the current fiscal year.

Lloyds Banking Group Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, April 11th will be paid a $0.1035 dividend. This is a boost from Lloyds Banking Group’s previous semi-annual dividend of $0.05. This represents a yield of 4%. The ex-dividend date of this dividend is Friday, April 11th. Lloyds Banking Group’s payout ratio is presently 60.61%.

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.