Curi RMB Capital LLC Buys Shares of 289,766 Lloyds Banking Group PLC $LYG

Key Points

• Curi RMB Capital LLC recently acquired a new position in Lloyds Banking Group PLC, purchasing 289,766 shares valued at $1.11 million.
• Lloyds Banking Group reported $0.14 earnings per share for the recent quarter, exceeding expectations, with revenue at $6.13 billion.
• The company announced a semi-annual dividend of $0.0655, translating to a remarkable yield of 370.0%, with the payout scheduled for September 19th.

Curi RMB Capital LLC bought a new stake in Lloyds Banking Group PLC (NYSE:LYG - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 289,766 shares of the financial services provider's stock, valued at approximately $1,107,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LYG. AQR Capital Management LLC boosted its holdings in Lloyds Banking Group by 124.1% in the 1st quarter. AQR Capital Management LLC now owns 263,246 shares of the financial services provider's stock worth $1,006,000 after buying an additional 145,772 shares during the last quarter. Aprio Wealth Management LLC lifted its position in shares of Lloyds Banking Group by 50.1% in the first quarter. Aprio Wealth Management LLC now owns 109,587 shares of the financial services provider's stock valued at $419,000 after acquiring an additional 36,560 shares in the last quarter. Maverick Capital Ltd. boosted its stake in shares of Lloyds Banking Group by 97.1% in the first quarter. Maverick Capital Ltd. now owns 198,538 shares of the financial services provider's stock worth $758,000 after acquiring an additional 97,801 shares during the last quarter. Focus Partners Advisor Solutions LLC purchased a new stake in shares of Lloyds Banking Group during the first quarter worth approximately $71,000. Finally, Royal Bank of Canada lifted its holdings in Lloyds Banking Group by 10.6% in the 1st quarter. Royal Bank of Canada now owns 1,126,734 shares of the financial services provider's stock valued at $4,305,000 after purchasing an additional 108,100 shares in the last quarter. 2.15% of the stock is owned by hedge funds and other institutional investors.

Lloyds Banking Group Trading Up 0.7%

Shares of Lloyds Banking Group stock traded up $0.03 during trading hours on Thursday, hitting $4.51. The company's stock had a trading volume of 4,090,746 shares, compared to its average volume of 7,040,968. The stock has a market cap of $67.50 billion, a price-to-earnings ratio of 11.28, a P/E/G ratio of 0.65 and a beta of 1.05. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.53 and a current ratio of 1.44. Lloyds Banking Group PLC has a twelve month low of $2.56 and a twelve month high of $4.62. The firm has a fifty day moving average of $4.34 and a 200-day moving average of $4.06.

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

Lloyds Banking Group Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Friday, September 19th. Shareholders of record on Monday, August 4th will be paid a dividend of $0.0655 per share. This represents a yield of 370.0%. The ex-dividend date is Monday, August 4th. Lloyds Banking Group's dividend payout ratio is 30.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Royal Bank Of Canada raised shares of Lloyds Banking Group from a "sector perform" rating to an "outperform" rating in a report on Monday, August 4th. JPMorgan Chase & Co. raised shares of Lloyds Banking Group from an "underweight" rating to a "neutral" rating in a research note on Friday, August 1st. Wall Street Zen raised shares of Lloyds Banking Group from a "hold" rating to a "buy" rating in a research note on Sunday. The Goldman Sachs Group upgraded Lloyds Banking Group from a "neutral" rating to a "buy" rating in a report on Tuesday, August 5th. Finally, Keefe, Bruyette & Woods raised Lloyds Banking Group from a "hold" rating to a "moderate buy" rating in a report on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Lloyds Banking Group has an average rating of "Buy".

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.