27,661 Shares in Lloyds Banking Group plc (NYSE:LYG) Acquired by Unique Wealth Strategies LLC

Unique Wealth Strategies LLC purchased a new position in shares of Lloyds Banking Group plc (NYSE:LYG) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 27,661 shares of the financial services provider’s stock, valued at approximately $66,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Mondrian Investment Partners LTD increased its position in shares of Lloyds Banking Group by 8.7% in the third quarter. Mondrian Investment Partners LTD now owns 29,131,456 shares of the financial services provider’s stock worth $62,050,000 after acquiring an additional 2,336,000 shares in the last quarter. Optiver Holding B.V. increased its position in shares of Lloyds Banking Group by 0.8% in the third quarter. Optiver Holding B.V. now owns 6,537,894 shares of the financial services provider’s stock worth $14,155,000 after acquiring an additional 52,395 shares in the last quarter. Janney Capital Management LLC increased its position in shares of Lloyds Banking Group by 1.1% in the third quarter. Janney Capital Management LLC now owns 5,357,751 shares of the financial services provider’s stock worth $11,412,000 after acquiring an additional 56,406 shares in the last quarter. Natixis Advisors L.P. increased its position in shares of Lloyds Banking Group by 16.2% in the third quarter. Natixis Advisors L.P. now owns 5,281,855 shares of the financial services provider’s stock worth $11,250,000 after acquiring an additional 735,219 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of Lloyds Banking Group by 5.1% in the third quarter. Envestnet Asset Management Inc. now owns 4,280,932 shares of the financial services provider’s stock worth $9,118,000 after acquiring an additional 209,486 shares in the last quarter. Institutional investors and hedge funds own 2.15% of the company’s stock.

Lloyds Banking Group Stock Up 3.6 %

NYSE LYG traded up $0.09 during trading hours on Friday, reaching $2.61. 10,337,572 shares of the company traded hands, compared to its average volume of 9,243,490. Lloyds Banking Group plc has a 12 month low of $1.88 and a 12 month high of $2.72. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 1.82. The stock has a market capitalization of $41.57 billion, a PE ratio of 6.87, a PEG ratio of 1.10 and a beta of 1.32. The company has a 50 day moving average of $2.48 and a two-hundred day moving average of $2.28.

Lloyds Banking Group (NYSE:LYG) last posted its quarterly earnings data on Thursday, February 22nd. The financial services provider reported $0.11 EPS for the quarter. Lloyds Banking Group had a net margin of 13.41% and a return on equity of 10.35%. The firm had revenue of $19.05 billion for the quarter. As a group, equities analysts expect that Lloyds Banking Group plc will post 0.32 earnings per share for the current year.

Lloyds Banking Group Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, April 12th will be given a $0.046 dividend. The ex-dividend date is Thursday, April 11th. This represents a dividend yield of 5.9%. Lloyds Banking Group’s payout ratio is currently 47.37%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on LYG. Bank of America raised shares of Lloyds Banking Group from a “neutral” rating to a “buy” rating in a research report on Thursday, March 21st. Berenberg Bank started coverage on shares of Lloyds Banking Group in a report on Thursday. They set a “hold” rating and a $2.75 price target for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Lloyds Banking Group currently has a consensus rating of “Hold” and a consensus target price of $55.39.

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.