Interchange Capital Partners LLC Buys New Holdings in Lloyds Banking Group plc (NYSE:LYG)

Interchange Capital Partners LLC bought a new stake in Lloyds Banking Group plc (NYSE:LYG) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 10,222 shares of the financial services provider’s stock, valued at approximately $28,000.

A number of other large investors have also recently bought and sold shares of LYG. Mondrian Investment Partners LTD boosted its position in Lloyds Banking Group by 39.2% in the first quarter. Mondrian Investment Partners LTD now owns 89,948,537 shares of the financial services provider’s stock valued at $232,967,000 after buying an additional 25,351,270 shares during the last quarter. CIBC Private Wealth Group LLC boosted its position in Lloyds Banking Group by 149.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 29,696,591 shares of the financial services provider’s stock valued at $70,975,000 after buying an additional 17,814,615 shares during the last quarter. Morningstar Investment Services LLC boosted its position in Lloyds Banking Group by 96.9% in the fourth quarter. Morningstar Investment Services LLC now owns 21,147,627 shares of the financial services provider’s stock valued at $50,966,000 after buying an additional 10,406,673 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its position in Lloyds Banking Group by 195.8% in the first quarter. O Shaughnessy Asset Management LLC now owns 2,833,546 shares of the financial services provider’s stock valued at $7,339,000 after buying an additional 1,875,688 shares during the last quarter. Finally, Natixis Advisors L.P. boosted its position in Lloyds Banking Group by 34.8% in the fourth quarter. Natixis Advisors L.P. now owns 7,122,268 shares of the financial services provider’s stock valued at $17,021,000 after buying an additional 1,840,413 shares during the last quarter. Hedge funds and other institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Stock Performance

Shares of LYG stock opened at $3.06 on Monday. 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 company has a market cap of $47.83 billion, a price-to-earnings ratio of 8.05 and a beta of 1.35. The stock has a 50 day simple moving average of $2.95 and a 200-day simple moving average of $2.71. Lloyds Banking Group plc has a 1-year low of $1.88 and a 1-year high of $3.14.

Lloyds Banking Group (NYSE:LYG) last announced its earnings results on Thursday, July 25th. The financial services provider reported $0.09 earnings per share for the quarter. The business had revenue of $9.55 billion during the quarter. Lloyds Banking Group had a return on equity of 10.34% and a net margin of 12.40%. On average, equities research analysts expect that Lloyds Banking Group plc will post 0.32 EPS for the current fiscal year.

Lloyds Banking Group Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Friday, September 20th. Stockholders of record on Monday, August 5th will be paid a dividend of $0.0546 per share. This represents a dividend yield of 4.4%. This is an increase 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 26.32%.

Analyst Ratings Changes

LYG has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft initiated coverage on Lloyds Banking Group in a research report on Thursday, May 9th. They issued a “buy” rating on the stock. UBS Group restated a “neutral” rating on shares of Lloyds Banking Group in a research report on Tuesday, July 30th. Royal Bank of Canada lowered Lloyds Banking Group from an “outperform” rating to a “sector perform” rating in a research report on Friday, July 26th. BNP Paribas upgraded Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a research report on Friday, July 5th. Finally, Citigroup lowered Lloyds Banking Group from a “buy” rating to a “neutral” rating in a research report on Monday, August 5th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $32.38.

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.