Lloyds Banking Group plc (NYSE:LYG) Shares Acquired by Callan Capital LLC

Callan Capital LLC grew its stake in Lloyds Banking Group plc (NYSE:LYG) by 255.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 40,527 shares of the financial services provider’s stock after buying an additional 29,136 shares during the quarter. Callan Capital LLC’s holdings in Lloyds Banking Group were worth $97,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Meritage Portfolio Management purchased a new position in shares of Lloyds Banking Group in the 4th quarter valued at about $3,470,000. Atria Wealth Solutions Inc. purchased a new position in shares of Lloyds Banking Group in the 4th quarter valued at about $26,000. GAMMA Investing LLC purchased a new position in shares of Lloyds Banking Group in the 4th quarter valued at about $49,000. New York State Common Retirement Fund purchased a new position in shares of Lloyds Banking Group in the 4th quarter valued at about $192,000. Finally, PDS Planning Inc increased its stake in shares of Lloyds Banking Group by 38.5% in the 4th quarter. PDS Planning Inc now owns 33,769 shares of the financial services provider’s stock valued at $81,000 after purchasing an additional 9,390 shares in the last quarter. Institutional investors and hedge funds own 2.15% of the company’s stock.

Lloyds Banking Group Stock Performance

Shares of LYG stock traded up $0.09 during mid-day trading on Friday, hitting $2.61. 10,337,572 shares of the stock were exchanged, compared to its average volume of 9,243,490. The stock’s fifty day simple moving average is $2.48 and its two-hundred day simple moving average is $2.28. The stock has a market capitalization of $41.57 billion, a price-to-earnings ratio of 6.88, a P/E/G ratio of 1.06 and a beta of 1.32. Lloyds Banking Group plc has a 12-month low of $1.88 and a 12-month high of $2.72. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.48 and a current ratio of 1.48.

Lloyds Banking Group (NYSE:LYG) last announced its earnings results on Thursday, February 22nd. The financial services provider reported $0.11 earnings per share for the quarter. The business had revenue of $19.05 billion during the quarter. Lloyds Banking Group had a net margin of 13.41% and a return on equity of 10.35%. On average, analysts forecast that Lloyds Banking Group plc will post 0.32 EPS for the current year.

Lloyds Banking Group Cuts Dividend

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

Wall Street Analyst Weigh In

LYG has been the subject of several research reports. Bank of America upgraded Lloyds Banking Group from a “neutral” rating to a “buy” rating in a research note on Thursday, March 21st. Berenberg Bank assumed coverage on Lloyds Banking Group in a report on Thursday. They issued a “hold” rating and a $2.75 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $55.39.

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.