Koss Olinger Consulting LLC Invests $63,000 in Lloyds Banking Group plc (NYSE:LYG)

Koss Olinger Consulting LLC acquired a new stake in shares of Lloyds Banking Group plc (NYSE:LYG) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 20,271 shares of the financial services provider’s stock, valued at approximately $63,000.

Several other large investors also recently added to or reduced their stakes in the stock. Mondrian Investment Partners LTD raised 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 valued at $232,967,000 after acquiring an additional 25,351,270 shares in the last quarter. Clearbridge Investments LLC bought a new stake in Lloyds Banking Group during the 2nd quarter valued at $36,252,000. Envestnet Asset Management Inc. lifted its holdings in shares of 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 buying an additional 2,841,956 shares during the period. American Century Companies Inc. grew its position in shares of Lloyds Banking Group by 17.2% during the 2nd quarter. American Century Companies Inc. now owns 5,472,171 shares of the financial services provider’s stock worth $14,939,000 after buying an additional 804,035 shares in the last quarter. Finally, First Eagle Investment Management LLC increased its stake in shares of Lloyds Banking Group by 25.3% during the second quarter. First Eagle Investment Management LLC now owns 5,087,379 shares of the financial services provider’s stock valued at $13,889,000 after buying an additional 1,026,639 shares during the period. 2.15% of the stock is owned by hedge funds and other institutional investors.

Lloyds Banking Group Price Performance

NYSE LYG opened at $3.19 on Tuesday. Lloyds Banking Group plc has a 12-month low of $1.88 and a 12-month high of $3.22. The firm’s fifty day simple moving average is $3.06 and its two-hundred day simple moving average is $2.88. 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 $49.78 billion, a P/E ratio of 8.38 and a beta of 1.34.

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. The company 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%. Analysts forecast that Lloyds Banking Group plc will post 0.32 EPS for the current fiscal year.

Lloyds Banking Group Increases Dividend

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

Analyst Ratings Changes

Several brokerages have issued reports on LYG. 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. Citigroup lowered shares of Lloyds Banking Group from a “buy” rating to a “neutral” rating in a report on Monday, August 5th. Royal Bank of Canada lowered Lloyds Banking Group from an “outperform” rating to a “sector perform” rating in a report on Friday, July 26th. The Goldman Sachs Group assumed coverage on Lloyds Banking Group in a research report on Friday, October 4th. They issued a “neutral” rating for the company. Finally, BNP Paribas raised Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a research report on Friday, July 5th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $2.75.

About Lloyds Banking Group

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.