Bank of Montreal Can Has $395,000 Stock Holdings in Lloyds Banking Group plc (NYSE:LYG)

Bank of Montreal Can lifted its holdings in shares of Lloyds Banking Group plc (NYSE:LYG) by 126.6% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 140,574 shares of the financial services provider’s stock after buying an additional 78,530 shares during the period. Bank of Montreal Can’s holdings in Lloyds Banking Group were worth $395,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Mondrian Investment Partners LTD grew its stake in shares of Lloyds Banking Group by 39.2% during the first quarter. Mondrian Investment Partners LTD now owns 89,948,537 shares of the financial services provider’s stock worth $232,967,000 after buying an additional 25,351,270 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in Lloyds Banking Group by 49.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 8,577,101 shares of the financial services provider’s stock worth $23,415,000 after purchasing an additional 2,841,956 shares in the last quarter. O Shaughnessy Asset Management LLC grew its holdings in shares of Lloyds Banking Group by 195.8% during the first quarter. O Shaughnessy Asset Management LLC now owns 2,833,546 shares of the financial services provider’s stock worth $7,339,000 after purchasing an additional 1,875,688 shares during the last quarter. Raymond James & Associates raised its holdings in Lloyds Banking Group by 114.5% in the 2nd quarter. Raymond James & Associates now owns 2,487,006 shares of the financial services provider’s stock valued at $6,790,000 after buying an additional 1,327,589 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in Lloyds Banking Group by 5.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 22,166,362 shares of the financial services provider’s stock worth $52,978,000 after buying an additional 1,180,775 shares during the period. 2.15% of the stock is currently owned by institutional investors.

Lloyds Banking Group Trading Up 0.7 %

NYSE LYG opened at $3.08 on Friday. The stock has a market capitalization of $48.14 billion, a P/E ratio of 8.11 and a beta of 1.34. The business has a 50 day simple moving average of $3.01 and a 200 day simple moving average of $2.84. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.45 and a quick ratio of 1.48. Lloyds Banking Group plc has a one year low of $1.88 and a one year high of $3.18.

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

Lloyds Banking Group Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Friday, September 20th. Stockholders of record on Monday, August 5th were issued a dividend of $0.0546 per share. The ex-dividend date of this dividend was Monday, August 5th. 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. Lloyds Banking Group’s dividend payout ratio is currently 26.32%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on LYG shares. Kepler Capital Markets initiated coverage on shares of Lloyds Banking Group in a research report on Thursday, September 5th. They issued a “hold” rating for the company. The Goldman Sachs Group assumed coverage on Lloyds Banking Group in a report on Friday, October 4th. They set a “neutral” rating on the stock. Royal Bank of Canada lowered Lloyds Banking Group from an “outperform” rating to a “sector perform” rating in a research note on Friday, July 26th. UBS Group reissued a “neutral” rating on shares of Lloyds Banking Group in a research report on Tuesday, July 30th. Finally, BNP Paribas upgraded shares of Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a research report on Friday, July 5th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $2.75.

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.