Lloyds Banking Group plc (NYSE:LYG) Shares Purchased by Truist Financial Corp

Truist Financial Corp boosted its holdings in shares of Lloyds Banking Group plc (NYSE:LYG) by 22.9% in the second quarter, HoldingsChannel.com reports. The fund owned 389,410 shares of the financial services provider’s stock after buying an additional 72,477 shares during the quarter. Truist Financial Corp’s holdings in Lloyds Banking Group were worth $1,063,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of LYG. Patriot Financial Group Insurance Agency LLC lifted its stake in Lloyds Banking Group by 2.8% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 135,436 shares of the financial services provider’s stock valued at $370,000 after buying an additional 3,752 shares in the last quarter. AMG National Trust Bank boosted its stake in shares of Lloyds Banking Group by 0.4% during the second quarter. AMG National Trust Bank now owns 1,001,075 shares of the financial services provider’s stock valued at $2,733,000 after acquiring an additional 3,976 shares during the last quarter. Bruce G. Allen Investments LLC increased its position in Lloyds Banking Group by 6.9% during the 1st quarter. Bruce G. Allen Investments LLC now owns 61,412 shares of the financial services provider’s stock worth $159,000 after purchasing an additional 3,986 shares in the last quarter. Brookstone Capital Management raised its stake in Lloyds Banking Group by 12.1% in the 1st quarter. Brookstone Capital Management now owns 38,516 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 4,167 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its stake in shares of Lloyds Banking Group by 7.3% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 61,586 shares of the financial services provider’s stock worth $168,000 after purchasing an additional 4,194 shares during the last quarter. Hedge funds and other institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Trading Up 1.0 %

Shares of LYG opened at $3.11 on Monday. The stock’s fifty day simple moving average is $3.02 and its 200 day simple moving average is $2.85. Lloyds Banking Group plc has a twelve month low of $1.88 and a twelve month high of $3.18. The company has a current ratio of 1.45, a quick ratio of 1.48 and a debt-to-equity ratio of 1.89. The firm has a market capitalization of $48.61 billion, a P/E ratio of 8.18 and a beta of 1.34.

Lloyds Banking Group (NYSE:LYG) last released its quarterly earnings data 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 for 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 forecast that Lloyds Banking Group plc will post 0.32 earnings per share for the current year.

Lloyds Banking Group Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Friday, September 20th. Stockholders of record on Monday, August 5th were given a $0.0546 dividend. 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 presently 26.32%.

Analyst Ratings Changes

A number of research firms have recently weighed in on LYG. BNP Paribas raised shares of Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a research report on Friday, July 5th. The Goldman Sachs Group initiated coverage on Lloyds Banking Group in a research note on Friday, October 4th. They set a “neutral” rating on the stock. Kepler Capital Markets assumed coverage on Lloyds Banking Group in a research report on Thursday, September 5th. They issued a “hold” rating for the company. Citigroup downgraded Lloyds Banking Group from a “buy” rating to a “neutral” rating in a research report on Monday, August 5th. Finally, UBS Group restated a “neutral” rating on shares of Lloyds Banking Group in a report on Tuesday, July 30th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price 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.