Lazari Capital Management Inc. Purchases 3,371 Shares of Lloyds Banking Group plc (NYSE:LYG)

Lazari Capital Management Inc. raised its position in shares of Lloyds Banking Group plc (NYSE:LYG) by 19.8% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,391 shares of the financial services provider’s stock after purchasing an additional 3,371 shares during the quarter. Lazari Capital Management Inc.’s holdings in Lloyds Banking Group were worth $64,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Transcend Capital Advisors LLC purchased a new position in Lloyds Banking Group in the 2nd quarter worth approximately $28,000. Interchange Capital Partners LLC bought a new position in shares of Lloyds Banking Group during the second quarter valued at $28,000. Intergy Private Wealth LLC bought a new position in shares of Lloyds Banking Group during the second quarter valued at $29,000. Susquehanna International Securities Ltd. purchased a new stake in shares of Lloyds Banking Group during the 1st quarter valued at about $30,000. Finally, Tcwp LLC bought a new stake in shares of Lloyds Banking Group in the second quarter worth approximately $32,000. 2.15% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on LYG. UBS Group restated a “neutral” rating on shares of Lloyds Banking Group in a report on Tuesday, July 30th. Royal Bank of Canada cut Lloyds Banking Group from an “outperform” rating to a “sector perform” rating in a research report on Friday, July 26th. Kepler Capital Markets assumed coverage on Lloyds Banking Group in a research note on Thursday, September 5th. They set a “hold” rating for the company. Citigroup downgraded shares of Lloyds Banking Group from a “buy” rating to a “neutral” rating in a report on Monday, August 5th. Finally, BNP Paribas raised shares of Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a report on Friday, July 5th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $2.75.

Lloyds Banking Group Trading Up 1.1 %

Shares of NYSE:LYG opened at $3.22 on Wednesday. The company has a current ratio of 1.45, a quick ratio of 1.48 and a debt-to-equity ratio of 1.89. Lloyds Banking Group plc has a 12-month low of $1.88 and a 12-month high of $3.22. The company has a market cap of $50.25 billion, a PE ratio of 8.46 and a beta of 1.34. The stock has a 50 day moving average of $3.07 and a 200 day moving average of $2.88.

Lloyds Banking Group (NYSE:LYG) last announced its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.09 earnings per share (EPS) for the quarter. Lloyds Banking Group had a net margin of 12.40% and a return on equity of 10.34%. The firm had revenue of $9.55 billion during the quarter. As a group, equities research analysts expect that Lloyds Banking Group plc will post 0.32 EPS for the current year.

Lloyds Banking Group Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Friday, September 20th. Stockholders of record on Monday, August 5th were paid a $0.0546 dividend. This is a positive change from Lloyds Banking Group’s previous semi-annual dividend of $0.05. The ex-dividend date of this dividend was Monday, August 5th. This represents a dividend yield of 4.4%. Lloyds Banking Group’s dividend payout ratio is 26.32%.

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.