Sivia Capital Partners LLC Purchases 62,742 Shares of Lloyds Banking Group PLC $LYG

Key Points

• Sivia Capital Partners LLC has increased its stake in Lloyds Banking Group by 81.3%, now owning 139,896 shares valued at approximately $595,000.
• Lloyds Banking Group reported earnings per share of $0.14 in its recent quarter, exceeding the consensus estimate of $0.10, with revenue growing to $6.13 billion.
• The company has declared a semi-annual dividend of $0.0655 per share, yielding around 370.0% as of the latest report.

Sivia Capital Partners LLC grew its stake in Lloyds Banking Group PLC (NYSE:LYG - Free Report) by 81.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 139,896 shares of the financial services provider's stock after acquiring an additional 62,742 shares during the quarter. Sivia Capital Partners LLC's holdings in Lloyds Banking Group were worth $595,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in LYG. Riversedge Advisors LLC lifted its holdings in shares of Lloyds Banking Group by 10.5% during the second quarter. Riversedge Advisors LLC now owns 25,680 shares of the financial services provider's stock valued at $109,000 after purchasing an additional 2,433 shares in the last quarter. Jackson Thornton Wealth Management LLC lifted its holdings in shares of Lloyds Banking Group by 20.4% during the first quarter. Jackson Thornton Wealth Management LLC now owns 15,168 shares of the financial services provider's stock valued at $57,000 after purchasing an additional 2,573 shares in the last quarter. Perigon Wealth Management LLC lifted its holdings in shares of Lloyds Banking Group by 4.5% during the first quarter. Perigon Wealth Management LLC now owns 61,411 shares of the financial services provider's stock valued at $235,000 after purchasing an additional 2,617 shares in the last quarter. Mutual Advisors LLC lifted its holdings in shares of Lloyds Banking Group by 27.2% during the first quarter. Mutual Advisors LLC now owns 12,916 shares of the financial services provider's stock valued at $51,000 after purchasing an additional 2,758 shares in the last quarter. Finally, SBI Securities Co. Ltd. lifted its holdings in shares of Lloyds Banking Group by 22.1% during the first quarter. SBI Securities Co. Ltd. now owns 15,369 shares of the financial services provider's stock valued at $59,000 after purchasing an additional 2,784 shares in the last quarter. 2.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on LYG. Morgan Stanley reiterated an "overweight" rating on shares of Lloyds Banking Group in a research report on Monday, August 4th. Wall Street Zen upgraded Lloyds Banking Group from a "hold" rating to a "buy" rating in a research report on Sunday, September 7th. The Goldman Sachs Group upgraded Lloyds Banking Group from a "neutral" rating to a "buy" rating in a research report on Tuesday, August 5th. Royal Bank Of Canada upgraded Lloyds Banking Group from a "sector perform" rating to an "outperform" rating in a research report on Monday, August 4th. Finally, JPMorgan Chase & Co. upgraded Lloyds Banking Group from an "underweight" rating to a "neutral" rating in a research report on Friday, August 1st. 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 company. According to data from MarketBeat.com, Lloyds Banking Group has an average rating of "Buy".

Lloyds Banking Group Price Performance

Lloyds Banking Group stock traded down $0.12 during midday trading on Friday, reaching $4.46. 3,278,507 shares of the stock traded hands, compared to its average volume of 6,137,801. The stock has a market cap of $66.46 billion, a P/E ratio of 11.15, a PEG ratio of 0.65 and a beta of 1.05. Lloyds Banking Group PLC has a 12 month low of $2.56 and a 12 month high of $4.63. The stock's fifty day moving average is $4.39 and its 200-day moving average is $4.10. The company has a quick ratio of 0.53, a current ratio of 1.44 and a debt-to-equity ratio of 1.68.

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 (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.04. The business 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%. As a group, equities research analysts anticipate that Lloyds Banking Group PLC will post 0.27 EPS for the current year.

Lloyds Banking Group Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Friday, September 19th. Stockholders of record on Monday, August 4th were paid a $0.0655 dividend. This represents a dividend yield of 370.0%. The ex-dividend date of this dividend was Monday, August 4th. Lloyds Banking Group's dividend payout ratio (DPR) is presently 30.00%.

Lloyds Banking Group 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.