CIBC Private Wealth Group LLC Raises Stock Holdings in Lloyds Banking Group PLC $LYG

Key Points

• CIBC Private Wealth Group LLC raised its stake in Lloyds Banking Group by 4.6% in Q3, buying 622,552 shares to hold 14,129,519 shares worth about $64.15 million (≈0.10% of the company).
• Other institutional moves include Mondrian Investment Partners' new ~ $285 million position and Fisher Asset Management's sizeable holding of 149,958,264 shares (~$680.8 million), with institutional ownership reported at 2.15%.
• LYG trades near $5.13 (52‑week range $3.27–$6.34), reported quarterly EPS of $0.12 beating estimates, and announced a dividend of $0.134 per share (ex‑dividend April 10, payable May 29).

CIBC Private Wealth Group LLC boosted its stake in shares of Lloyds Banking Group PLC (NYSE:LYG - Free Report) by 4.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,129,519 shares of the financial services provider's stock after purchasing an additional 622,552 shares during the quarter. CIBC Private Wealth Group LLC owned about 0.10% of Lloyds Banking Group worth $64,148,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in LYG. Mondrian Investment Partners LTD purchased a new position in shares of Lloyds Banking Group in the 3rd quarter worth approximately $285,004,000. Quantbot Technologies LP lifted its position in Lloyds Banking Group by 430.5% during the second quarter. Quantbot Technologies LP now owns 479,674 shares of the financial services provider's stock valued at $2,039,000 after acquiring an additional 389,255 shares during the last quarter. Advisors Preferred LLC purchased a new stake in Lloyds Banking Group during the third quarter valued at approximately $1,386,000. Fisher Asset Management LLC boosted its stake in Lloyds Banking Group by 0.8% in the third quarter. Fisher Asset Management LLC now owns 149,958,264 shares of the financial services provider's stock valued at $680,811,000 after acquiring an additional 1,129,641 shares in the last quarter. Finally, Crossmark Global Holdings Inc. grew its holdings in Lloyds Banking Group by 4.4% in the third quarter. Crossmark Global Holdings Inc. now owns 5,079,633 shares of the financial services provider's stock worth $23,062,000 after purchasing an additional 211,920 shares during the last quarter. 2.15% of the stock is currently owned by institutional investors.

Lloyds Banking Group Price Performance

Shares of NYSE LYG opened at $5.13 on Thursday. Lloyds Banking Group PLC has a 52 week low of $3.27 and a 52 week high of $6.34. The business's 50 day moving average price is $5.59 and its 200 day moving average price is $5.07. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 1.84. The firm has a market cap of $75.51 billion, a P/E ratio of 12.20, a P/E/G ratio of 0.52 and a beta of 0.86.

Lloyds Banking Group (NYSE:LYG - Get Free Report) last posted its quarterly earnings results on Thursday, January 29th. The financial services provider reported $0.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.01. Lloyds Banking Group had a net margin of 24.30% and a return on equity of 10.06%. The company had revenue of $6.38 billion during the quarter, compared to analyst estimates of $6.52 billion. On average, sell-side analysts expect that Lloyds Banking Group PLC will post 0.27 earnings per share for the current year.

Lloyds Banking Group Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, May 29th. Investors of record on Friday, April 10th will be issued a dividend of $0.134 per share. This represents a dividend yield of 447.0%. The ex-dividend date of this dividend is Friday, April 10th. Lloyds Banking Group's dividend payout ratio (DPR) is 30.95%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Lloyds Banking Group in a report on Tuesday, February 3rd. Morgan Stanley restated an "overweight" rating on shares of Lloyds Banking Group in a research note on Monday, November 24th. Weiss Ratings upgraded Lloyds Banking Group from a "hold (c)" rating to a "buy (b-)" rating in a research note on Tuesday, February 17th. BNP Paribas Exane downgraded Lloyds Banking Group from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 10th. Finally, Citigroup restated a "neutral" rating on shares of Lloyds Banking Group in a research note on Monday, December 1st. Seven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Lloyds Banking Group presently has an average rating of "Moderate Buy".

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.

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