one8zero8 LLC Makes New $136,000 Investment in Lloyds Banking Group plc (NYSE:LYG)

one8zero8 LLC acquired a new position in shares of Lloyds Banking Group plc (NYSE:LYGFree Report) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 50,000 shares of the financial services provider’s stock, valued at approximately $136,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LYG. Brentview Investment Management LLC acquired a new stake in shares of Lloyds Banking Group during the 4th quarter valued at $31,000. Mesirow Financial Investment Management Inc. acquired a new stake in shares of Lloyds Banking Group during the 4th quarter valued at $32,000. SBI Securities Co. Ltd. acquired a new stake in shares of Lloyds Banking Group during the 4th quarter valued at $34,000. Simon Quick Advisors LLC acquired a new stake in shares of Lloyds Banking Group during the 4th quarter valued at $35,000. Finally, Cerro Pacific Wealth Advisors LLC acquired a new stake in shares of Lloyds Banking Group during the 4th quarter valued at $37,000. 2.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods lowered shares of Lloyds Banking Group from an “outperform” rating to a “market perform” rating in a research note on Tuesday, March 11th. Morgan Stanley raised shares of Lloyds Banking Group from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, March 4th. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Lloyds Banking Group has a consensus rating of “Hold” and a consensus price target of $2.75.

Get Our Latest Report on Lloyds Banking Group

Lloyds Banking Group Price Performance

Lloyds Banking Group stock opened at $3.72 on Tuesday. The firm has a market cap of $56.43 billion, a price-to-earnings ratio of 11.26 and a beta of 1.25. Lloyds Banking Group plc has a fifty-two week low of $2.42 and a fifty-two week high of $3.91. The firm has a fifty day moving average price of $3.22 and a two-hundred day moving average price of $3.01.

Lloyds Banking Group (NYSE:LYGGet Free Report) last released its earnings results 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). The firm had revenue of $9.46 billion for the quarter, compared to analyst estimates of $4.76 billion. Lloyds Banking Group had a return on equity of 8.46% and a net margin of 11.45%. As a group, sell-side analysts expect that Lloyds Banking Group plc will post 0.27 earnings per share for the current 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 given a dividend of $0.1035 per share. This is a positive change from Lloyds Banking Group’s previous semi-annual dividend of $0.05. The ex-dividend date is Friday, April 11th. This represents a yield of 4%. Lloyds Banking Group’s payout ratio is currently 60.61%.

About Lloyds Banking Group

(Free Report)

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.

Read More

Want to see what other hedge funds are holding LYG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lloyds Banking Group plc (NYSE:LYGFree Report).

Institutional Ownership by Quarter for Lloyds Banking Group (NYSE:LYG)

Receive News & Ratings for Lloyds Banking Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lloyds Banking Group and related companies with MarketBeat.com's FREE daily email newsletter.