Jackson Thornton Wealth Management LLC Buys 9,059 Shares of Lloyds Banking Group PLC $LYG

Jackson Thornton Wealth Management LLC raised its stake in shares of Lloyds Banking Group PLC (NYSE:LYG) by 59.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 24,227 shares of the financial services provider’s stock after purchasing an additional 9,059 shares during the period. Jackson Thornton Wealth Management LLC’s holdings in Lloyds Banking Group were worth $100,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Townsquare Capital LLC grew its holdings in Lloyds Banking Group by 4.2% during the first quarter. Townsquare Capital LLC now owns 1,596,132 shares of the financial services provider’s stock valued at $6,097,000 after purchasing an additional 64,952 shares during the period. ICONIQ Capital LLC grew its holdings in Lloyds Banking Group by 194.1% during the first quarter. ICONIQ Capital LLC now owns 87,502 shares of the financial services provider’s stock valued at $334,000 after purchasing an additional 57,750 shares during the period. American Century Companies Inc. boosted its stake in shares of Lloyds Banking Group by 6.0% in the first quarter. American Century Companies Inc. now owns 7,011,774 shares of the financial services provider’s stock worth $26,785,000 after acquiring an additional 399,866 shares during the period. Perigon Wealth Management LLC boosted its stake in shares of Lloyds Banking Group by 4.5% in the first quarter. Perigon Wealth Management LLC now owns 61,411 shares of the financial services provider’s stock worth $235,000 after acquiring an additional 2,617 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of Lloyds Banking Group by 24.2% in the first quarter. GAMMA Investing LLC now owns 57,543 shares of the financial services provider’s stock worth $220,000 after acquiring an additional 11,225 shares during the period. Institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Price Performance

NYSE:LYG opened at $4.46 on Wednesday. The company has a current ratio of 1.44, a quick ratio of 0.53 and a debt-to-equity ratio of 1.68. The company has a market capitalization of $66.03 billion, a P/E ratio of 11.14, a P/E/G ratio of 0.63 and a beta of 1.02. Lloyds Banking Group PLC has a 12 month low of $2.56 and a 12 month high of $4.69. The business’s 50-day moving average is $4.49 and its 200 day moving average is $4.21.

Lloyds Banking Group (NYSE:LYG) last posted its earnings results on Thursday, July 24th. The financial services provider reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.04. The company had revenue of $6.13 billion for the quarter, compared to the consensus estimate of $4.86 billion. Lloyds Banking Group had a return on equity of 9.28% and a net margin of 17.51%. On average, equities research analysts forecast 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 disclosed 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 was Monday, August 4th. This represents a yield of 370.0%. Lloyds Banking Group’s dividend payout ratio is 32.50%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on LYG. Citigroup reaffirmed a “neutral” rating on shares of Lloyds Banking Group in a research note on Monday, September 22nd. Zacks Research lowered Lloyds Banking Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 23rd. JPMorgan Chase & Co. raised Lloyds Banking Group from an “underweight” rating to a “neutral” rating in a research note on Friday, August 1st. The Goldman Sachs Group raised Lloyds Banking Group from a “neutral” rating to a “buy” rating in a research note on Tuesday, August 5th. Finally, Wall Street Zen lowered Lloyds Banking Group from a “buy” rating to a “hold” rating in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average 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.