PDS Planning Inc Acquires 9,390 Shares of Lloyds Banking Group plc (NYSE:LYG)

PDS Planning Inc boosted its holdings in Lloyds Banking Group plc (NYSE:LYG) by 38.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,769 shares of the financial services provider’s stock after buying an additional 9,390 shares during the period. PDS Planning Inc’s holdings in Lloyds Banking Group were worth $81,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in LYG. Barclays PLC increased its position in Lloyds Banking Group by 754.5% in the 2nd quarter. Barclays PLC now owns 17,517 shares of the financial services provider’s stock worth $39,000 after buying an additional 15,467 shares during the period. Dynamic Advisor Solutions LLC acquired a new stake in shares of Lloyds Banking Group during the 3rd quarter worth approximately $140,000. PFG Advisors acquired a new stake in shares of Lloyds Banking Group during the 3rd quarter worth approximately $28,000. DAVENPORT & Co LLC acquired a new stake in shares of Lloyds Banking Group during the 3rd quarter worth approximately $43,000. Finally, Timber Creek Capital Management LLC grew its holdings in shares of Lloyds Banking Group by 26.1% during the 3rd quarter. Timber Creek Capital Management LLC now owns 1,320,588 shares of the financial services provider’s stock worth $2,813,000 after purchasing an additional 273,526 shares in the last quarter. 2.15% of the stock is owned by institutional investors.

Lloyds Banking Group Price Performance

Shares of LYG stock opened at $2.56 on Wednesday. The stock’s fifty day simple moving average is $2.45 and its 200 day simple moving average is $2.27. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.48 and a quick ratio of 1.48. The firm has a market cap of $40.70 billion, a price-to-earnings ratio of 6.39, a P/E/G ratio of 1.04 and a beta of 1.32. Lloyds Banking Group plc has a one year low of $1.88 and a one year high of $2.72.

Lloyds Banking Group (NYSE:LYG) last announced its quarterly earnings results on Thursday, February 22nd. The financial services provider reported $0.11 EPS for the quarter. The business had revenue of $19.05 billion for the quarter. Lloyds Banking Group had a return on equity of 11.29% and a net margin of 17.97%. On average, analysts expect that Lloyds Banking Group plc will post 0.32 earnings per share for the current fiscal year.

Lloyds Banking Group Cuts Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, April 12th will be issued a dividend of $0.046 per share. This represents a dividend yield of 5.9%. The ex-dividend date of this dividend is Thursday, April 11th. Lloyds Banking Group’s payout ratio is presently 45.00%.

Analyst Ratings Changes

Separately, Bank of America raised Lloyds Banking Group from a “neutral” rating to a “buy” rating in a report on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $64.17.

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.