Choreo LLC Boosts Stock Holdings in Lloyds Banking Group plc (NYSE:LYG)

Choreo LLC increased its stake in shares of Lloyds Banking Group plc (NYSE:LYG) by 503.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,857 shares of the financial services provider’s stock after purchasing an additional 56,611 shares during the quarter. Choreo LLC’s holdings in Lloyds Banking Group were worth $189,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of LYG. Transcend Capital Advisors LLC purchased a new position in shares of Lloyds Banking Group in the 2nd quarter valued at about $28,000. Interchange Capital Partners LLC acquired a new stake in Lloyds Banking Group in the second quarter valued at approximately $28,000. Intergy Private Wealth LLC purchased a new position in Lloyds Banking Group in the second quarter worth approximately $29,000. Russell Investments Group Ltd. grew its holdings in Lloyds Banking Group by 234.3% during the 4th quarter. Russell Investments Group Ltd. now owns 11,105 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 7,783 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of Lloyds Banking Group by 259.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 11,117 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 8,027 shares during the last quarter. Hedge funds and other institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Trading Up 0.3 %

NYSE:LYG opened at $3.11 on Friday. The company has a market capitalization of $48.61 billion, a PE ratio of 8.18 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 stock’s 50 day moving average price is $3.00 and its 200 day moving average price is $2.79. The company has a quick ratio of 1.48, a current ratio of 1.45 and a debt-to-equity ratio of 1.89.

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

Lloyds Banking Group Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Friday, September 20th. Stockholders of record on Monday, August 5th were issued a $0.0546 dividend. This represents a dividend yield of 4.4%. This is a boost from Lloyds Banking Group’s previous semi-annual dividend of $0.05. The ex-dividend date of this dividend was Monday, August 5th. Lloyds Banking Group’s dividend payout ratio is presently 26.32%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Citigroup cut shares of Lloyds Banking Group from a “buy” rating to a “neutral” rating in a research report on Monday, August 5th. UBS Group reaffirmed 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 raised Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a report on Friday, July 5th. Finally, Kepler Capital Markets started coverage on shares of Lloyds Banking Group in a report on Thursday, September 5th. They set a “hold” rating on the stock. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $32.38.

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.