Savvy Advisors Inc. Invests $30,000 in Lloyds Banking Group plc (NYSE:LYG)

Savvy Advisors Inc. purchased a new stake in Lloyds Banking Group plc (NYSE:LYG) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 12,580 shares of the financial services provider’s stock, valued at approximately $30,000.

Several other institutional investors have also recently bought and sold shares of LYG. Mondrian Investment Partners LTD raised its position in shares of Lloyds Banking Group by 8.7% during the third quarter. Mondrian Investment Partners LTD now owns 29,131,456 shares of the financial services provider’s stock worth $62,050,000 after acquiring an additional 2,336,000 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Lloyds Banking Group by 2.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 18,625,679 shares of the financial services provider’s stock valued at $44,528,000 after purchasing an additional 439,009 shares during the period. Natixis Advisors L.P. boosted its stake in shares of Lloyds Banking Group by 34.8% in the 4th quarter. Natixis Advisors L.P. now owns 7,122,268 shares of the financial services provider’s stock valued at $17,021,000 after purchasing an additional 1,840,413 shares during the last quarter. Optiver Holding B.V. grew its position in shares of Lloyds Banking Group by 0.8% during the 3rd quarter. Optiver Holding B.V. now owns 6,537,894 shares of the financial services provider’s stock worth $14,155,000 after buying an additional 52,395 shares during the period. Finally, Janney Capital Management LLC raised its stake in shares of Lloyds Banking Group by 1.1% during the third quarter. Janney Capital Management LLC now owns 5,357,751 shares of the financial services provider’s stock worth $11,412,000 after buying an additional 56,406 shares during the last quarter. Institutional investors own 2.15% of the company’s stock.

Analyst Ratings Changes

LYG has been the topic of a number of recent research reports. Berenberg Bank began coverage on shares of Lloyds Banking Group in a research note on Thursday, April 25th. They issued a “hold” rating and a $2.75 price objective on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on Lloyds Banking Group in a research note on Thursday, May 9th. They set a “buy” rating for the company. Finally, Bank of America raised Lloyds Banking Group from a “neutral” rating to a “buy” rating in a research note on Thursday, March 21st. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Lloyds Banking Group has a consensus rating of “Hold” and an average price target of $52.55.

Lloyds Banking Group Trading Up 2.2 %

Shares of Lloyds Banking Group stock traded up $0.06 during trading hours on Friday, hitting $2.80. The company’s stock had a trading volume of 4,404,042 shares, compared to its average volume of 9,002,372. The company has a market capitalization of $44.25 billion, a PE ratio of 7.22, a price-to-earnings-growth ratio of 1.15 and a beta of 1.34. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.48 and a quick ratio of 1.48. The stock has a 50 day moving average of $2.58 and a 200 day moving average of $2.34. Lloyds Banking Group plc has a 12 month low of $1.88 and a 12 month high of $2.81.

Lloyds Banking Group (NYSE:LYG) last posted its earnings results on Wednesday, April 24th. The financial services provider reported $0.09 earnings per share (EPS) for the quarter. Lloyds Banking Group had a return on equity of 10.35% and a net margin of 13.41%. The business had revenue of $14.35 billion during the quarter. Analysts predict that Lloyds Banking Group plc will post 0.32 earnings per share for the current year.

Lloyds Banking Group Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Friday, May 31st. Investors of record on Friday, April 12th will be paid a $0.046 dividend. This represents a yield of 5.9%. The ex-dividend date is Thursday, April 11th. Lloyds Banking Group’s payout ratio is presently 47.37%.

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.