Koss Olinger Consulting LLC Purchases 206,742 Shares of Lloyds Banking Group PLC (NYSE:LYG)

Key Points

• Koss Olinger Consulting LLC increased its stake in Lloyds Banking Group PLC by 205.5% during the first quarter, acquiring an additional 206,742 shares to bring its total holdings to 307,348 shares.
• Lloyds Banking Group reported a quarterly earnings per share (EPS) of $0.14, exceeding analysts' expectations, with revenue of $6.13 billion for the quarter.
• Multiple research firms have upgraded their ratings for Lloyds Banking Group, with JPMorgan Chase & Co. shifting from an "underweight" to a "neutral" rating, reflecting a generally positive outlook for the stock.

Koss Olinger Consulting LLC raised its stake in Lloyds Banking Group PLC (NYSE:LYG - Free Report) by 205.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 307,348 shares of the financial services provider's stock after acquiring an additional 206,742 shares during the period. Koss Olinger Consulting LLC's holdings in Lloyds Banking Group were worth $1,174,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Earned Wealth Advisors LLC purchased a new stake in shares of Lloyds Banking Group in the first quarter worth $38,000. Crux Wealth Advisors purchased a new stake in shares of Lloyds Banking Group during the fourth quarter valued at $28,000. SYM FINANCIAL Corp purchased a new stake in shares of Lloyds Banking Group during the first quarter valued at $40,000. Advisor Resource Council purchased a new stake in shares of Lloyds Banking Group during the first quarter valued at $37,000. Finally, Rainey & Randall Wealth Advisors Inc. purchased a new stake in shares of Lloyds Banking Group during the first quarter valued at $41,000. 2.15% of the stock is owned by hedge funds and other institutional investors.

Lloyds Banking Group Stock Performance

Shares of NYSE LYG traded up $0.08 during trading on Tuesday, hitting $4.53. The company had a trading volume of 7,787,356 shares, compared to its average volume of 23,707,627. Lloyds Banking Group PLC has a 12 month low of $2.56 and a 12 month high of $4.54. 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 firm has a market capitalization of $67.98 billion, a P/E ratio of 11.33, a price-to-earnings-growth ratio of 0.68 and a beta of 1.05. The stock has a 50 day simple moving average of $4.21 and a 200 day simple moving average of $3.86.

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 analysts' consensus estimates of $0.10 by $0.04. Lloyds Banking Group had a return on equity of 9.28% and a net margin of 17.51%. The firm had revenue of $6.13 billion for the quarter, compared to analysts' expectations of $4.86 billion. As a group, analysts anticipate that Lloyds Banking Group PLC will post 0.27 earnings per share for the current 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 paid a dividend of $0.0655 per share. This represents a yield of 370.0%. The ex-dividend date of this dividend is Monday, August 4th. Lloyds Banking Group's dividend payout ratio (DPR) is 32.50%.

Analyst Ratings Changes

Several equities research analysts recently commented on LYG shares. Morgan Stanley reaffirmed an "overweight" rating on shares of Lloyds Banking Group in a research report on Monday, August 4th. The Goldman Sachs Group raised Lloyds Banking Group from a "neutral" rating to a "buy" rating in a research report on Tuesday, August 5th. JPMorgan Chase & Co. raised Lloyds Banking Group from an "underweight" rating to a "neutral" rating in a research report on Friday, August 1st. Royal Bank Of Canada raised Lloyds Banking Group from a "sector perform" rating to an "outperform" rating in a research report on Monday, August 4th. Finally, Wall Street Zen raised Lloyds Banking Group from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Lloyds Banking Group currently has an average rating of "Moderate Buy".

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.