Baldwin Wealth Partners LLC MA Purchases New Position in Lloyds Banking Group PLC $LYG

Baldwin Wealth Partners LLC MA purchased a new stake in shares of Lloyds Banking Group PLC (NYSE:LYG) during the 2nd quarter, Holdings Channel reports. The fund purchased 22,191 shares of the financial services provider’s stock, valued at approximately $94,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in LYG. V Square Quantitative Management LLC bought a new stake in shares of Lloyds Banking Group during the 2nd quarter valued at approximately $29,000. Opal Wealth Advisors LLC bought a new stake in shares of Lloyds Banking Group during the 2nd quarter valued at approximately $35,000. Advisor Resource Council acquired a new stake in Lloyds Banking Group during the 1st quarter worth approximately $37,000. Earned Wealth Advisors LLC bought a new stake in Lloyds Banking Group during the 1st quarter worth approximately $38,000. Finally, Ameritas Advisory Services LLC bought a new stake in Lloyds Banking Group during the 2nd quarter worth approximately $38,000. 2.15% of the stock is owned by institutional investors.

Lloyds Banking Group Stock Down 0.6%

Shares of NYSE LYG opened at $4.44 on Friday. The company has a market capitalization of $66.08 billion, a P/E ratio of 11.09, a price-to-earnings-growth ratio of 0.62 and a beta of 1.02. Lloyds Banking Group PLC has a 52-week low of $2.56 and a 52-week high of $4.69. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.53 and a current ratio of 1.44. The company’s 50 day moving average price is $4.48 and its 200-day moving average price is $4.18.

Lloyds Banking Group (NYSE:LYG) last issued its quarterly earnings results on Thursday, July 24th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.04. The firm had revenue of $6.13 billion for the quarter, compared to the consensus estimate of $4.86 billion. Lloyds Banking Group had a net margin of 17.51% and a return on equity of 9.28%. Equities analysts forecast that Lloyds Banking Group PLC will post 0.27 earnings per share for the current year.

Lloyds Banking Group Cuts Dividend

The business also recently announced a semi-annual dividend, which was paid on Friday, September 19th. Investors of record on Monday, August 4th were given a dividend of $0.0655 per share. This represents a dividend yield of 370.0%. The ex-dividend date was Monday, August 4th. Lloyds Banking Group’s payout ratio is presently 32.50%.

Analyst Upgrades and Downgrades

LYG has been the topic of a number of research reports. Zacks Research lowered shares of Lloyds Banking Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 23rd. Citigroup reissued a “neutral” rating on shares of Lloyds Banking Group in a report on Monday, September 22nd. JPMorgan Chase & Co. raised shares of Lloyds Banking Group from an “underweight” rating to a “neutral” rating in a report on Friday, August 1st. Morgan Stanley reissued an “overweight” rating on shares of Lloyds Banking Group in a report on Monday, August 4th. Finally, Kepler Capital Markets raised shares of Lloyds Banking Group from a “hold” rating to a “buy” rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Lloyds Banking Group has a consensus rating of “Moderate Buy”.

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.