Callan Family Office LLC Purchases 183,095 Shares of Lloyds Banking Group PLC $LYG

Key Points

• Callan Family Office LLC significantly increased its stake in Lloyds Banking Group PLC by 258% during the second quarter, acquiring an additional 183,095 shares, bringing their total holdings to 254,052 shares worth approximately $1,080,000.
• Brokerages have set varied ratings for Lloyds Banking Group, with Kepler Capital Markets upgrading the stock to "buy," while Weiss Ratings downgraded it to "hold," resulting in an average rating of “Moderate Buy.”
• Lloyds Banking Group reported an EPS of $0.14 for the most recent quarter, exceeding analysts' estimates of $0.10, alongside a significant revenue of $6.13 billion compared to expectations of $4.86 billion.

Callan Family Office LLC increased its position in Lloyds Banking Group PLC (NYSE:LYG - Free Report) by 258.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 254,052 shares of the financial services provider's stock after purchasing an additional 183,095 shares during the quarter. Callan Family Office LLC's holdings in Lloyds Banking Group were worth $1,080,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Blair William & Co. IL bought a new position in Lloyds Banking Group in the second quarter worth $62,000. Abel Hall LLC lifted its holdings in shares of Lloyds Banking Group by 12.4% during the second quarter. Abel Hall LLC now owns 35,343 shares of the financial services provider's stock valued at $150,000 after acquiring an additional 3,889 shares during the period. Valeo Financial Advisors LLC lifted its holdings in shares of Lloyds Banking Group by 5.9% during the second quarter. Valeo Financial Advisors LLC now owns 60,214 shares of the financial services provider's stock valued at $256,000 after acquiring an additional 3,342 shares during the period. Ameritas Advisory Services LLC bought a new position in shares of Lloyds Banking Group during the second quarter valued at $38,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in shares of Lloyds Banking Group during the second quarter valued at $43,000. 2.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on LYG. Kepler Capital Markets raised Lloyds Banking Group from a "hold" rating to a "buy" rating in a report on Thursday. Weiss Ratings lowered Lloyds Banking Group from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods upgraded Lloyds Banking Group from a "hold" rating to a "moderate buy" rating in a research note on Thursday, July 17th. Royal Bank Of Canada upgraded Lloyds Banking Group from a "sector perform" rating to an "outperform" rating in a research note on Monday, August 4th. Finally, JPMorgan Chase & Co. upgraded Lloyds Banking Group from an "underweight" rating to a "neutral" rating in a research note on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy".

Lloyds Banking Group Price Performance

Shares of LYG stock opened at $4.44 on Monday. The stock has a 50-day moving average price of $4.48 and a 200 day moving average price of $4.18. The company has a quick ratio of 0.53, a current ratio of 1.44 and a debt-to-equity ratio of 1.68. The firm has a market cap of $66.08 billion, a price-to-earnings ratio of 11.09, a PEG ratio of 0.61 and a beta of 1.02. Lloyds Banking Group PLC has a 12 month low of $2.56 and a 12 month high of $4.69.

Lloyds Banking Group (NYSE:LYG - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.14 EPS for the quarter, topping analysts' consensus estimates of $0.10 by $0.04. The firm had revenue of $6.13 billion during the quarter, compared to analyst estimates of $4.86 billion. Lloyds Banking Group had a return on equity of 9.28% and a net margin of 17.51%. Research analysts expect that Lloyds Banking Group PLC will post 0.27 EPS 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. Stockholders 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%.

Lloyds Banking Group Company Profile

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.

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