Revisor Wealth Management LLC Raises Stock Holdings in Lloyds Banking Group PLC $LYG

Key Points

• Revisor Wealth Management LLC significantly increased its stake in Lloyds Banking Group by 1,025.8% during the 2nd quarter, owning 134,677 shares worth $560,000.
• Several hedge funds, including Riversedge Advisors LLC and Jackson Thornton Wealth Management LLC, have also increased their holdings, reflecting growing institutional interest in the bank.
• Lloyds Banking Group's stock has received upgrades from multiple analysts, with ratings varying from Strong Buy to Moderate Buy, indicating a positive outlook for investors.

Revisor Wealth Management LLC boosted its stake in Lloyds Banking Group PLC (NYSE:LYG - Free Report) by 1,025.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 134,677 shares of the financial services provider's stock after acquiring an additional 122,714 shares during the period. Revisor Wealth Management LLC's holdings in Lloyds Banking Group were worth $560,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Riversedge Advisors LLC increased its position in shares of Lloyds Banking Group by 10.5% during the 2nd 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 during the last quarter. Jackson Thornton Wealth Management LLC boosted its stake in Lloyds Banking Group by 20.4% in the 1st quarter. Jackson Thornton Wealth Management LLC now owns 15,168 shares of the financial services provider's stock worth $57,000 after purchasing an additional 2,573 shares during the period. Perigon Wealth Management LLC boosted its stake in Lloyds Banking Group by 4.5% in the 1st quarter. Perigon Wealth Management LLC now owns 61,411 shares of the financial services provider's stock worth $235,000 after purchasing an additional 2,617 shares during the period. Mutual Advisors LLC boosted its stake in Lloyds Banking Group by 27.2% in the 1st quarter. Mutual Advisors LLC now owns 12,916 shares of the financial services provider's stock worth $51,000 after purchasing an additional 2,758 shares during the period. Finally, SBI Securities Co. Ltd. boosted its stake in Lloyds Banking Group by 22.1% in the 1st quarter. SBI Securities Co. Ltd. now owns 15,369 shares of the financial services provider's stock worth $59,000 after purchasing an additional 2,784 shares during the period. Institutional investors own 2.15% of the company's stock.

Wall Street Analyst Weigh In

LYG has been the subject of a number of research reports. 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. Keefe, Bruyette & Woods upgraded Lloyds Banking Group from a "hold" rating to a "moderate buy" rating in a research report on Thursday, July 17th. Wall Street Zen upgraded Lloyds Banking Group from a "hold" rating to a "buy" rating in a research report on Sunday, September 7th. 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 research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy".

Lloyds Banking Group Stock Up 0.3%

NYSE:LYG opened at $4.47 on Tuesday. Lloyds Banking Group PLC has a twelve month low of $2.56 and a twelve month high of $4.63. The company has a market cap of $66.53 billion, a price-to-earnings ratio of 11.16, a price-to-earnings-growth ratio of 0.65 and a beta of 1.05. The stock has a fifty day simple moving average of $4.40 and a 200-day simple moving average of $4.10. The company has a current ratio of 1.44, a quick ratio of 0.53 and a debt-to-equity ratio of 1.68.

Lloyds Banking Group (NYSE:LYG - Get Free Report) last released its earnings results on Thursday, July 24th. The financial services provider reported $0.14 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $6.13 billion during the quarter, compared to the consensus estimate of $4.86 billion. Analysts anticipate 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 was paid on Friday, September 19th. Stockholders of record on Monday, August 4th were paid a dividend of $0.0655 per share. The ex-dividend date was Monday, August 4th. This represents a dividend yield of 370.0%. Lloyds Banking Group's dividend payout ratio (DPR) is currently 32.50%.

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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