Mercer Global Advisors Inc. ADV Has $2.73 Million Holdings in Lloyds Banking Group plc (NYSE:LYG)

Mercer Global Advisors Inc. ADV increased its position in shares of Lloyds Banking Group plc (NYSE:LYG) by 10.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,000,521 shares of the financial services provider’s stock after buying an additional 98,652 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Lloyds Banking Group were worth $2,731,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mondrian Investment Partners LTD lifted its holdings in Lloyds Banking Group by 39.2% during the 1st quarter. Mondrian Investment Partners LTD now owns 89,948,537 shares of the financial services provider’s stock valued at $232,967,000 after purchasing an additional 25,351,270 shares during the last quarter. CIBC Private Wealth Group LLC boosted its holdings in shares of Lloyds Banking Group by 149.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 29,696,591 shares of the financial services provider’s stock worth $70,975,000 after buying an additional 17,814,615 shares during the period. Goldman Sachs Group Inc. grew its stake in Lloyds Banking Group by 5.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 22,166,362 shares of the financial services provider’s stock valued at $52,978,000 after buying an additional 1,180,775 shares during the last quarter. Morningstar Investment Services LLC raised its holdings in Lloyds Banking Group by 96.9% in the 4th quarter. Morningstar Investment Services LLC now owns 21,147,627 shares of the financial services provider’s stock valued at $50,966,000 after acquiring an additional 10,406,673 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Lloyds Banking Group by 2.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 18,625,679 shares of the financial services provider’s stock worth $44,528,000 after acquiring an additional 439,009 shares during the last quarter. 2.15% of the stock is owned by institutional investors.

Lloyds Banking Group Price Performance

LYG stock opened at $3.11 on Monday. The company’s 50-day moving average price is $3.00 and its two-hundred day moving average price is $2.79. The firm has a market cap of $48.61 billion, a P/E ratio of 8.18 and a beta of 1.35. 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 plc has a 12 month low of $1.88 and a 12 month high of $3.14.

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. 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 during the quarter. On average, analysts anticipate that Lloyds Banking Group plc will post 0.32 earnings per share for the current fiscal year.

Lloyds Banking Group Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Friday, September 20th. Investors of record on Monday, August 5th were given a dividend of $0.0546 per share. This is an increase from Lloyds Banking Group’s previous semi-annual dividend of $0.05. This represents a dividend yield of 4.4%. The ex-dividend date was Monday, August 5th. Lloyds Banking Group’s dividend payout ratio is currently 26.32%.

Analyst Upgrades and Downgrades

LYG has been the topic of a number of recent research reports. UBS Group reiterated a “neutral” rating on shares of Lloyds Banking Group in a research note on Tuesday, July 30th. BNP Paribas raised Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a report on Friday, July 5th. Kepler Capital Markets initiated coverage on shares of Lloyds Banking Group in a research note on Thursday, September 5th. They issued a “hold” rating on the stock. Royal Bank of Canada cut shares of Lloyds Banking Group from an “outperform” rating to a “sector perform” rating in a research note on Friday, July 26th. Finally, Citigroup lowered shares of Lloyds Banking Group from a “buy” rating to a “neutral” rating in a research report on Monday, August 5th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company 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.