Wedmont Private Capital Has $89,000 Holdings in Lloyds Banking Group plc (NYSE:LYG)

Wedmont Private Capital increased its holdings in shares of Lloyds Banking Group plc (NYSE:LYG) by 19.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,068 shares of the financial services provider’s stock after purchasing an additional 4,674 shares during the quarter. Wedmont Private Capital’s holdings in Lloyds Banking Group were worth $89,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in LYG. Hoxton Planning & Management LLC grew its holdings in shares of Lloyds Banking Group by 66.4% in the 3rd quarter. Hoxton Planning & Management LLC now owns 39,147 shares of the financial services provider’s stock valued at $122,000 after acquiring an additional 15,624 shares in the last quarter. O Keefe Stevens Advisory Inc. grew its stake in Lloyds Banking Group by 45.2% in the third quarter. O Keefe Stevens Advisory Inc. now owns 97,818 shares of the financial services provider’s stock valued at $305,000 after purchasing an additional 30,471 shares in the last quarter. Atomi Financial Group Inc. increased its position in shares of Lloyds Banking Group by 89.8% during the 3rd quarter. Atomi Financial Group Inc. now owns 291,387 shares of the financial services provider’s stock worth $909,000 after purchasing an additional 137,856 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its holdings in shares of Lloyds Banking Group by 4.7% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 97,258 shares of the financial services provider’s stock valued at $303,000 after buying an additional 4,337 shares during the last quarter. Finally, Aprio Wealth Management LLC grew its stake in shares of Lloyds Banking Group by 20.7% in the third quarter. Aprio Wealth Management LLC now owns 77,411 shares of the financial services provider’s stock valued at $242,000 after buying an additional 13,277 shares in the last quarter. Institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Stock Performance

LYG opened at $3.11 on Monday. Lloyds Banking Group plc has a 1 year low of $1.88 and a 1 year high of $3.18. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.45 and a quick ratio of 1.48. The company has a market capitalization of $48.61 billion, a PE ratio of 8.18 and a beta of 1.34. The business has a fifty day simple moving average of $3.02 and a 200 day simple moving average of $2.85.

Lloyds Banking Group (NYSE:LYG) last released its quarterly earnings results 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 for the quarter. Research analysts expect 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 dividend of $0.0546 per share. The ex-dividend date of this dividend was Monday, August 5th. This is a boost from Lloyds Banking Group’s previous semi-annual dividend of $0.05. This represents a dividend yield of 4.4%. Lloyds Banking Group’s dividend payout ratio (DPR) is currently 26.32%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on LYG. Kepler Capital Markets began coverage on shares of Lloyds Banking Group in a research note on Thursday, September 5th. They set a “hold” rating on the stock. Citigroup lowered Lloyds Banking Group from a “buy” rating to a “neutral” rating in a research note on Monday, August 5th. BNP Paribas upgraded Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a research note on Friday, July 5th. Royal Bank of Canada downgraded Lloyds Banking Group from an “outperform” rating to a “sector perform” rating in a report on Friday, July 26th. Finally, The Goldman Sachs Group initiated coverage on shares of Lloyds Banking Group in a report on Friday, October 4th. They issued a “neutral” rating on the stock. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Lloyds Banking Group presently has a consensus rating of “Hold” and a consensus target price 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.