20,271 Shares in Lloyds Banking Group plc (NYSE:LYG) Bought by Koss Olinger Consulting LLC

Koss Olinger Consulting LLC purchased a new stake in shares of Lloyds Banking Group plc (NYSE:LYG) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 20,271 shares of the financial services provider’s stock, valued at approximately $63,000.

Other hedge funds have also modified their holdings of the company. Patriot Financial Group Insurance Agency LLC boosted its position in Lloyds Banking Group by 2.8% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 135,436 shares of the financial services provider’s stock valued at $370,000 after buying an additional 3,752 shares during the last quarter. AMG National Trust Bank increased its stake in shares of Lloyds Banking Group by 0.4% in the second quarter. AMG National Trust Bank now owns 1,001,075 shares of the financial services provider’s stock worth $2,733,000 after acquiring an additional 3,976 shares during the period. Brookstone Capital Management raised its holdings in shares of Lloyds Banking Group by 12.1% during the first quarter. Brookstone Capital Management now owns 38,516 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 4,167 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in Lloyds Banking Group by 7.3% during the second quarter. Sequoia Financial Advisors LLC now owns 61,586 shares of the financial services provider’s stock valued at $168,000 after purchasing an additional 4,194 shares during the period. Finally, Angeles Investment Advisors LLC grew its position in Lloyds Banking Group by 38.6% during the 2nd quarter. Angeles Investment Advisors LLC now owns 15,290 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 4,262 shares during the period. 2.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Lloyds Banking Group Stock Down 1.1 %

LYG opened at $3.19 on Tuesday. The company has a market cap of $49.78 billion, a PE ratio of 8.38 and a beta of 1.34. Lloyds Banking Group plc has a twelve month low of $1.88 and a twelve month high of $3.22. The company has a 50-day moving average price of $3.06 and a 200 day moving average price of $2.88. The company has a quick ratio of 1.48, a current ratio of 1.45 and a debt-to-equity ratio of 1.89.

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

Lloyds Banking Group Increases Dividend

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

About Lloyds Banking Group

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.