TD Private Client Wealth LLC Increases Position in Lloyds Banking Group plc (NYSE:LYG)

TD Private Client Wealth LLC grew its stake in Lloyds Banking Group plc (NYSE:LYG) by 1,830.6% during the fourth quarter, HoldingsChannel reports. The firm owned 18,939 shares of the financial services provider’s stock after purchasing an additional 17,958 shares during the quarter. TD Private Client Wealth LLC’s holdings in Lloyds Banking Group were worth $52,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in LYG. Brentview Investment Management LLC acquired a new position in Lloyds Banking Group during the fourth quarter worth $31,000. Mesirow Financial Investment Management Inc. purchased a new position in Lloyds Banking Group in the 4th quarter valued at approximately $32,000. SBI Securities Co. Ltd. purchased a new position in shares of Lloyds Banking Group in the fourth quarter valued at $34,000. Simon Quick Advisors LLC acquired a new stake in Lloyds Banking Group in the 4th quarter valued at about $35,000. Finally, Cerro Pacific Wealth Advisors LLC purchased a new position in Lloyds Banking Group during the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 2.15% of the company’s stock.

Lloyds Banking Group Stock Up 1.3 %

LYG stock opened at $3.86 on Wednesday. The stock has a market capitalization of $58.63 billion, a price-to-earnings ratio of 11.70 and a beta of 1.25. The stock’s fifty day simple moving average is $3.35 and its 200-day simple moving average is $3.04. Lloyds Banking Group plc has a 52-week low of $2.42 and a 52-week high of $3.91.

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

Lloyds Banking Group Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, April 11th will be issued a $0.1035 dividend. This represents a dividend yield of 4%. The ex-dividend date is Friday, April 11th. This is a positive change from Lloyds Banking Group’s previous semi-annual dividend of $0.05. Lloyds Banking Group’s dividend payout ratio (DPR) is 60.61%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on LYG shares. Hsbc Global Res raised shares of Lloyds Banking Group to a “strong-buy” rating in a research note on Thursday, March 20th. Morgan Stanley raised Lloyds Banking Group from an “equal weight” rating to an “overweight” rating in a report on Tuesday, March 4th. Finally, Keefe, Bruyette & Woods lowered Lloyds Banking Group from an “outperform” rating to a “market perform” rating in a research note on Tuesday, March 11th. Seven equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $2.75.

About Lloyds Banking Group

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.