Fielder Capital Group LLC Invests $155,000 in Lloyds Banking Group plc (NYSE:LYG)

Fielder Capital Group LLC acquired a new position in shares of Lloyds Banking Group plc (NYSE:LYG) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 56,627 shares of the financial services provider’s stock, valued at approximately $155,000.

Other large investors have also modified their holdings of the company. TCG Advisory Services LLC bought a new stake in shares of Lloyds Banking Group during the 4th quarter worth $25,000. Atria Wealth Solutions Inc. bought a new stake in Lloyds Banking Group in the 4th quarter valued at $26,000. D Orazio & Associates Inc. bought a new stake in Lloyds Banking Group in the 4th quarter valued at $26,000. Choreo LLC bought a new stake in Lloyds Banking Group in the 4th quarter valued at $27,000. Finally, Russell Investments Group Ltd. boosted its holdings in Lloyds Banking Group by 234.3% in the 4th quarter. Russell Investments Group Ltd. now owns 11,105 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 7,783 shares during the period. 2.15% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on LYG. BNP Paribas raised shares of Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a report on Friday, July 5th. Citigroup downgraded shares of Lloyds Banking Group from a “buy” rating to a “neutral” rating in a report on Monday, August 5th. 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. Deutsche Bank Aktiengesellschaft started coverage on shares of Lloyds Banking Group in a report on Thursday, May 9th. They set a “buy” rating for the company. Finally, UBS Group reaffirmed a “neutral” rating on shares of Lloyds Banking Group in a report on Tuesday, July 30th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Lloyds Banking Group currently has an average rating of “Hold” and an average price target of $32.38.

Lloyds Banking Group Price Performance

NYSE:LYG remained flat at $3.06 on Friday. 7,066,414 shares of the company’s stock were exchanged, compared to its average volume of 8,849,866. The firm has a market cap of $47.69 billion, a P/E ratio of 8.05 and a beta of 1.35. Lloyds Banking Group plc has a 52-week low of $1.88 and a 52-week high of $3.14. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.45 and a quick ratio of 1.48. The stock’s fifty day simple moving average is $2.95 and its two-hundred day simple moving average is $2.71.

Lloyds Banking Group (NYSE:LYG) last released its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.09 EPS for the quarter. The firm had revenue of $9.55 billion for the quarter. Lloyds Banking Group had a net margin of 12.40% and a return on equity of 10.34%. Sell-side analysts predict that Lloyds Banking Group plc will post 0.32 earnings per share for the current fiscal year.

Lloyds Banking Group Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Friday, September 20th. Stockholders of record on Monday, August 5th will be given a dividend of $0.0546 per share. This represents a dividend 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 presently 28.95%.

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.