Goldman Sachs Group Inc. Has $92.27 Million Stock Position in Lloyds Banking Group PLC $LYG

Key Points

• Goldman Sachs Group Inc. increased its stake in Lloyds Banking Group by 6.1%, owning approximately $92.27 million worth of shares as of its latest SEC filing.
• Several institutional investors, including Millennium Management and AQR Capital Management, also significantly increased their holdings in Lloyds Banking Group during the first quarter of the year.
• Lloyds Banking Group's stock ratings have been upgraded by multiple analysts, with the consensus rating now being a "Buy."

Goldman Sachs Group Inc. lifted its stake in shares of Lloyds Banking Group PLC (NYSE:LYG - Free Report) by 6.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,154,117 shares of the financial services provider's stock after buying an additional 1,397,163 shares during the period. Goldman Sachs Group Inc. owned about 0.16% of Lloyds Banking Group worth $92,269,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Millennium Management LLC grew its stake in shares of Lloyds Banking Group by 15.5% in the first quarter. Millennium Management LLC now owns 8,199,299 shares of the financial services provider's stock worth $31,321,000 after purchasing an additional 1,100,359 shares during the last quarter. Copperleaf Capital LLC boosted its position in Lloyds Banking Group by 20.0% during the first quarter. Copperleaf Capital LLC now owns 32,276 shares of the financial services provider's stock valued at $123,000 after acquiring an additional 5,375 shares during the last quarter. Curi RMB Capital LLC acquired a new position in shares of Lloyds Banking Group during the first quarter valued at about $1,107,000. AQR Capital Management LLC raised its holdings in shares of Lloyds Banking Group by 124.1% during the first quarter. AQR Capital Management LLC now owns 263,246 shares of the financial services provider's stock valued at $1,006,000 after purchasing an additional 145,772 shares during the period. Finally, Aprio Wealth Management LLC raised its holdings in shares of Lloyds Banking Group by 50.1% during the first quarter. Aprio Wealth Management LLC now owns 109,587 shares of the financial services provider's stock valued at $419,000 after purchasing an additional 36,560 shares during the period. 2.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LYG has been the topic of a number of analyst reports. The Goldman Sachs Group upgraded shares of Lloyds Banking Group from a "neutral" rating to a "buy" rating in a report on Tuesday, August 5th. JPMorgan Chase & Co. upgraded 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 report on Sunday, September 7th. 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. Finally, Keefe, Bruyette & Woods raised shares of Lloyds Banking Group from a "hold" rating to a "moderate buy" rating in a report on Thursday, July 17th. One equities 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 data from MarketBeat, the company currently has a consensus rating of "Buy".

Lloyds Banking Group Stock Performance

Lloyds Banking Group stock opened at $4.53 on Friday. The firm's fifty day moving average price is $4.35 and its 200-day moving average price is $4.07. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.53 and a current ratio of 1.44. The stock has a market cap of $67.80 billion, a P/E ratio of 11.33, a price-to-earnings-growth ratio of 0.66 and a beta of 1.05. Lloyds Banking Group PLC has a fifty-two week low of $2.56 and a fifty-two week high of $4.62.

Lloyds Banking Group (NYSE:LYG - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.14 earnings per share 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 analysts' expectations of $4.86 billion. Lloyds Banking Group had a net margin of 17.51% and a return on equity of 9.28%. On average, equities research analysts expect that Lloyds Banking Group PLC will post 0.27 earnings per share for the current fiscal year.

Lloyds Banking Group Cuts Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Friday, September 19th. Investors of record on Monday, August 4th will be given a $0.0655 dividend. This represents a yield of 370.0%. The ex-dividend date is Monday, August 4th. Lloyds Banking Group's dividend payout ratio (DPR) is presently 32.50%.

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.

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