PDS Planning Inc Has $118,000 Holdings in Lloyds Banking Group plc (NYSE:LYG)

PDS Planning Inc boosted its position in shares of Lloyds Banking Group plc (NYSE:LYG) by 21.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,429 shares of the financial services provider’s stock after buying an additional 7,649 shares during the period. PDS Planning Inc’s holdings in Lloyds Banking Group were worth $118,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Brentview Investment Management LLC acquired a new stake in shares of Lloyds Banking Group during the 4th quarter worth approximately $31,000. Mesirow Financial Investment Management Inc. bought a new stake in Lloyds Banking Group during the fourth quarter worth $32,000. SBI Securities Co. Ltd. acquired a new stake in shares of Lloyds Banking Group in the 4th quarter valued at $34,000. Simon Quick Advisors LLC bought a new position in shares of Lloyds Banking Group in the 4th quarter valued at $35,000. Finally, Cerro Pacific Wealth Advisors LLC acquired a new position in shares of Lloyds Banking Group during the 4th quarter worth $37,000. 2.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on LYG shares. Morgan Stanley raised Lloyds Banking Group from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, March 4th. Keefe, Bruyette & Woods lowered shares of Lloyds Banking Group from an “outperform” rating to a “market perform” rating in a report on Tuesday, March 11th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Lloyds Banking Group presently has a consensus rating of “Hold” and a consensus price target of $2.75.

Lloyds Banking Group Trading Up 1.5 %

NYSE:LYG opened at $3.75 on Thursday. The stock’s 50-day moving average is $3.26 and its 200-day moving average is $3.02. Lloyds Banking Group plc has a 1-year low of $2.42 and a 1-year high of $3.91. The stock has a market cap of $56.88 billion, a P/E ratio of 11.35 and a beta of 1.25.

Lloyds Banking Group (NYSE:LYG) last announced its quarterly earnings results on Thursday, February 20th. The financial services provider reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.03). The business had revenue of $9.46 billion during the quarter, compared to analyst estimates of $4.76 billion. Lloyds Banking Group had a net margin of 11.45% and a return on equity of 8.46%. As a group, equities analysts forecast that Lloyds Banking Group plc will post 0.27 EPS for the current year.

Lloyds Banking Group Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Friday, May 30th. Investors of record on Friday, April 11th will be given a dividend of $0.1035 per share. This is a positive change from Lloyds Banking Group’s previous semi-annual dividend of $0.05. This represents a yield of 4%. The ex-dividend date of this dividend is Friday, April 11th. Lloyds Banking Group’s dividend payout ratio (DPR) is currently 60.61%.

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.