Lloyds Banking Group PLC $LYG Shares Purchased by Vanguard Personalized Indexing Management LLC

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Lloyds Banking Group PLC by 10.1% during Q2, holding a total of 774,145 shares worth approximately $3.29 million.
• Lloyds Banking Group announced a semi-annual dividend of $0.0655 per share, representing a significant yield of 370.0%, with a payout ratio of 30.00%.
• Several analysts have recently upgraded their ratings on Lloyds Banking Group, with a consensus rating of "Moderate Buy" based on multiple reports from Wall Street firms.

Vanguard Personalized Indexing Management LLC increased its position in shares of Lloyds Banking Group PLC (NYSE:LYG - Free Report) by 10.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 774,145 shares of the financial services provider's stock after acquiring an additional 71,101 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Lloyds Banking Group were worth $3,290,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of LYG. Goldman Sachs Group Inc. boosted its position in shares of Lloyds Banking Group by 6.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 24,154,117 shares of the financial services provider's stock valued at $92,269,000 after acquiring an additional 1,397,163 shares during the last quarter. Millennium Management LLC boosted its position in shares of Lloyds Banking Group by 15.5% during the 1st quarter. Millennium Management LLC now owns 8,199,299 shares of the financial services provider's stock valued at $31,321,000 after acquiring an additional 1,100,359 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Lloyds Banking Group by 9.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 10,492,898 shares of the financial services provider's stock valued at $40,083,000 after acquiring an additional 863,347 shares during the last quarter. Focus Partners Wealth boosted its position in shares of Lloyds Banking Group by 7,365.0% during the 1st quarter. Focus Partners Wealth now owns 817,494 shares of the financial services provider's stock valued at $3,123,000 after acquiring an additional 806,543 shares during the last quarter. Finally, Inspire Investing LLC acquired a new position in shares of Lloyds Banking Group during the 2nd quarter valued at about $2,649,000. Institutional investors and hedge funds own 2.15% of the company's stock.

Lloyds Banking Group Stock Up 0.8%

Shares of LYG opened at $4.53 on Wednesday. The stock has a market capitalization of $67.43 billion, a PE ratio of 11.31, a P/E/G ratio of 0.63 and a beta of 1.02. Lloyds Banking Group PLC has a 1 year low of $2.56 and a 1 year high of $4.69. 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 company's 50-day simple moving average is $4.48 and its 200-day simple moving average is $4.19.

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

Lloyds Banking Group Cuts Dividend

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

Analysts Set New Price Targets

LYG has been the topic of several recent research reports. Wall Street Zen raised shares of Lloyds Banking Group from a "hold" rating to a "buy" rating in a research report on Sunday. Zacks Research cut shares of Lloyds Banking Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 23rd. Royal Bank Of Canada raised shares of Lloyds Banking Group from a "sector perform" rating to an "outperform" rating in a research 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 report on Friday, August 1st. Finally, Keefe, Bruyette & Woods raised shares of Lloyds Banking Group from a "hold" rating to a "moderate buy" rating in a research report on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus 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.

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