Callan Family Office LLC Acquires 183,095 Shares of Lloyds Banking Group PLC $LYG

Callan Family Office LLC increased its holdings in shares of Lloyds Banking Group PLC (NYSE:LYG) by 258.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 254,052 shares of the financial services provider’s stock after purchasing an additional 183,095 shares during the period. Callan Family Office LLC’s holdings in Lloyds Banking Group were worth $1,080,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of LYG. Goldman Sachs Group Inc. lifted its holdings 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 purchasing an additional 1,397,163 shares in the last quarter. Millennium Management LLC lifted its holdings 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 purchasing an additional 1,100,359 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings 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 purchasing an additional 863,347 shares in the last quarter. Focus Partners Wealth lifted its holdings 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 purchasing an additional 806,543 shares in the last quarter. Finally, Eagle Global Advisors LLC bought a new position in shares of Lloyds Banking Group during the 1st quarter valued at about $1,910,000. Institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Stock Down 0.6%

NYSE:LYG opened at $4.44 on Monday. The firm has a market capitalization of $66.08 billion, a price-to-earnings ratio of 11.09, a price-to-earnings-growth ratio of 0.61 and a beta of 1.02. Lloyds Banking Group PLC has a twelve month low of $2.56 and a twelve month high of $4.69. The stock’s 50 day moving average price is $4.48 and its two-hundred day moving average price is $4.18. The company has a quick ratio of 0.53, a current ratio of 1.44 and a debt-to-equity ratio of 1.68.

Lloyds Banking Group (NYSE:LYG) last posted its quarterly 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. The firm had revenue of $6.13 billion for the quarter, compared to analyst estimates of $4.86 billion. Lloyds Banking Group had a return on equity of 9.28% and a net margin of 17.51%. Equities research analysts expect that Lloyds Banking Group PLC will post 0.27 earnings per share for the current fiscal year.

Lloyds Banking Group Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Friday, September 19th. Shareholders of record on Monday, August 4th were given a dividend of $0.0655 per share. The ex-dividend date of this dividend was Monday, August 4th. This represents a dividend yield of 370.0%. Lloyds Banking Group’s payout ratio is 32.50%.

Analyst Ratings Changes

LYG has been the topic of several research reports. Wall Street Zen upgraded Lloyds Banking Group from a “hold” rating to a “buy” rating in a research note on Sunday. JPMorgan Chase & Co. upgraded Lloyds Banking Group from an “underweight” rating to a “neutral” rating in a research note on Friday, August 1st. Morgan Stanley restated an “overweight” rating on shares of Lloyds Banking Group in a research note on Monday, August 4th. Citigroup restated a “neutral” rating on shares of Lloyds Banking Group in a research note on Monday, September 22nd. Finally, Zacks Research cut Lloyds Banking Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently 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.