PDS Planning Inc Has $118,000 Stock Position in Lloyds Banking Group plc (NYSE:LYG)

PDS Planning Inc raised its holdings in Lloyds Banking Group plc (NYSE:LYG) by 21.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 43,429 shares of the financial services provider’s stock after buying an additional 7,649 shares during the quarter. PDS Planning Inc’s holdings in Lloyds Banking Group were worth $118,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of LYG. Apollon Wealth Management LLC boosted its stake in Lloyds Banking Group by 2.8% during the fourth quarter. Apollon Wealth Management LLC now owns 122,641 shares of the financial services provider’s stock worth $334,000 after acquiring an additional 3,346 shares in the last quarter. Independent Advisor Alliance raised its holdings in shares of Lloyds Banking Group by 4.8% during the fourth quarter. Independent Advisor Alliance now owns 75,049 shares of the financial services provider’s stock valued at $204,000 after purchasing an additional 3,420 shares during the period. Brio Consultants LLC grew its stake in shares of Lloyds Banking Group by 30.2% in the 4th quarter. Brio Consultants LLC now owns 16,735 shares of the financial services provider’s stock valued at $46,000 after buying an additional 3,880 shares during the period. Baron Wealth Management LLC increased its position in Lloyds Banking Group by 30.8% in the 3rd quarter. Baron Wealth Management LLC now owns 16,851 shares of the financial services provider’s stock valued at $53,000 after buying an additional 3,969 shares in the last quarter. Finally, Retirement Planning Co of New England Inc. raised its stake in Lloyds Banking Group by 24.3% during the 4th quarter. Retirement Planning Co of New England Inc. now owns 20,552 shares of the financial services provider’s stock worth $56,000 after buying an additional 4,022 shares during the period. Institutional investors and hedge funds own 2.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on LYG shares. Keefe, Bruyette & Woods cut Lloyds Banking Group from an “outperform” rating to a “market perform” rating in a research note on Tuesday, March 11th. Morgan Stanley upgraded shares of Lloyds Banking Group from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, March 4th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $2.75.

Lloyds Banking Group Stock Up 1.5 %

Shares of NYSE:LYG opened at $3.75 on Thursday. The stock has a market cap of $56.88 billion, a price-to-earnings ratio of 11.35 and a beta of 1.25. The business’s 50 day moving average is $3.26 and its 200 day moving average is $3.02. Lloyds Banking Group plc has a 12-month low of $2.42 and a 12-month high of $3.91.

Lloyds Banking Group (NYSE:LYG) last posted its earnings results on Thursday, February 20th. The financial services provider reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.03). Lloyds Banking Group had a return on equity of 8.46% and a net margin of 11.45%. The firm had revenue of $9.46 billion during the quarter, compared to the consensus estimate of $4.76 billion. As a group, equities research analysts expect that Lloyds Banking Group plc will post 0.27 earnings per share for the current year.

Lloyds Banking Group Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, April 11th will be given a dividend of $0.1035 per share. The ex-dividend date is Friday, April 11th. This represents a dividend yield of 4%. This is a boost from Lloyds Banking Group’s previous semi-annual dividend of $0.05. Lloyds Banking Group’s dividend payout ratio (DPR) is currently 60.61%.

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.