Lloyds Banking Group PLC $LYG Stake Lessened by Drucker Wealth 3.0 LLC

Drucker Wealth 3.0 LLC lowered its position in shares of Lloyds Banking Group PLC (NYSE:LYG) by 64.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 177,075 shares of the financial services provider’s stock after selling 318,198 shares during the quarter. Drucker Wealth 3.0 LLC’s holdings in Lloyds Banking Group were worth $804,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of LYG. L1 Capital Pty Ltd acquired a new stake in Lloyds Banking Group in the 2nd quarter valued at approximately $548,574,000. Mondrian Investment Partners LTD purchased a new stake in shares of Lloyds Banking Group in the 3rd quarter valued at approximately $285,004,000. Fisher Asset Management LLC boosted its position in shares of Lloyds Banking Group by 12.6% in the second quarter. Fisher Asset Management LLC now owns 148,828,623 shares of the financial services provider’s stock worth $632,522,000 after buying an additional 16,705,846 shares during the period. Jane Street Group LLC lifted its position in shares of Lloyds Banking Group by 178.3% in the second quarter. Jane Street Group LLC now owns 2,261,115 shares of the financial services provider’s stock worth $9,610,000 after purchasing an additional 1,448,691 shares in the last quarter. Finally, Beck Bode LLC acquired a new stake in shares of Lloyds Banking Group during the 2nd quarter valued at $5,254,000. Institutional investors own 2.15% of the company’s stock.

Analysts Set New Price Targets

LYG has been the topic of a number of recent analyst reports. BNP Paribas Exane downgraded Lloyds Banking Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 10th. Weiss Ratings raised shares of Lloyds Banking Group from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday. Royal Bank Of Canada reiterated an “outperform” rating on shares of Lloyds Banking Group in a research note on Tuesday, October 28th. Morgan Stanley reissued an “overweight” rating on shares of Lloyds Banking Group in a report on Monday, November 24th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Lloyds Banking Group in a research note on Tuesday, February 3rd. Seven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Lloyds Banking Group currently has a consensus rating of “Moderate Buy”.

Lloyds Banking Group Stock Performance

NYSE:LYG opened at $5.78 on Thursday. Lloyds Banking Group PLC has a 52-week low of $3.13 and a 52-week high of $6.34. The company has a market cap of $85.09 billion, a P/E ratio of 13.75, a P/E/G ratio of 0.57 and a beta of 0.87. The stock’s 50-day simple moving average is $5.54 and its 200 day simple moving average is $4.94.

Lloyds Banking Group (NYSE:LYG) last posted its quarterly earnings results on Thursday, January 29th. The financial services provider reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. Lloyds Banking Group had a return on equity of 10.06% and a net margin of 24.30%.The business had revenue of $6.38 billion for the quarter, compared to analysts’ expectations of $6.52 billion. As a group, equities analysts predict that Lloyds Banking Group PLC will post 0.27 earnings per share for the current fiscal year.

Lloyds Banking Group Dividend Announcement

The company also recently declared a dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, April 10th will be paid a $0.134 dividend. This represents a dividend yield of 447.0%. The ex-dividend date is Friday, April 10th. Lloyds Banking Group’s dividend payout ratio is presently 30.95%.

Lloyds Banking Group Profile

Lloyds Banking Group plc is a UK-based banking and financial services company that provides a broad range of retail, commercial and insurance products. Its principal consumer-facing brands include Lloyds Bank, Halifax and Bank of Scotland, through which it offers current accounts, savings, mortgages, credit cards and personal loans. The group also delivers services to small and medium-sized enterprises (SMEs) and larger corporate clients, supplying business accounts, lending, payments and cash-management solutions.

In addition to core banking, Lloyds operates a significant wealth and insurance arm under the Scottish Widows brand, offering life insurance, pensions, investment and retirement planning products.