Engineers Gate Manager LP Has $2.30 Million Stock Holdings in Lloyds Banking Group PLC $LYG

Engineers Gate Manager LP increased its stake in Lloyds Banking Group PLC (NYSE:LYG) by 66.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 394,145 shares of the financial services provider’s stock after acquiring an additional 156,739 shares during the quarter. Engineers Gate Manager LP’s holdings in Lloyds Banking Group were worth $2,298,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in LYG. Tucker Asset Management LLC bought a new position in Lloyds Banking Group during the 4th quarter worth approximately $27,000. Cornerstone Planning Group LLC boosted its stake in shares of Lloyds Banking Group by 131.2% in the 1st quarter. Cornerstone Planning Group LLC now owns 5,137 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 2,915 shares during the last quarter. Harbour Investments Inc. boosted its stake in shares of Lloyds Banking Group by 47.3% in the 4th quarter. Harbour Investments Inc. now owns 6,386 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 2,051 shares during the last quarter. Manchester Capital Management LLC increased its position in shares of Lloyds Banking Group by 1,216.6% during the fourth quarter. Manchester Capital Management LLC now owns 8,163 shares of the financial services provider’s stock worth $43,000 after buying an additional 7,543 shares during the period. Finally, Aletheian Wealth Advisors LLC bought a new position in Lloyds Banking Group during the second quarter worth $71,000. 2.15% of the stock is currently owned by institutional investors.

Lloyds Banking Group Trading Down 1.7%

LYG opened at $5.91 on Tuesday. The company has a fifty day moving average price of $6.05 and a two-hundred day moving average price of $5.62. Lloyds Banking Group PLC has a 1-year low of $4.36 and a 1-year high of $6.34. The company has a market cap of $85.61 billion, a P/E ratio of 13.73, a price-to-earnings-growth ratio of 0.61 and a beta of 0.87. The company has a current ratio of 1.52, a quick ratio of 0.56 and a debt-to-equity ratio of 2.12.

Lloyds Banking Group (NYSE:LYG) last released its quarterly earnings data on Thursday, July 30th. The financial services provider reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). Lloyds Banking Group had a return on equity of 10.94% and a net margin of 24.97%.The company had revenue of $6.57 billion for the quarter, compared to the consensus estimate of $6.86 billion. Analysts predict that Lloyds Banking Group PLC will post 0.55 EPS for the current fiscal year.

Lloyds Banking Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, September 25th. Shareholders of record on Monday, August 10th will be paid a $0.084 dividend. This represents a yield of 273.0%. The ex-dividend date of this dividend is Monday, August 10th. Lloyds Banking Group’s dividend payout ratio (DPR) is 37.21%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on LYG shares. Wall Street Zen lowered shares of Lloyds Banking Group from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Keefe, Bruyette & Woods lowered Lloyds Banking Group from a “moderate buy” rating to a “hold” rating in a research report on Friday, July 17th. Berenberg Bank assumed coverage on Lloyds Banking Group in a research note on Wednesday, June 24th. They issued a “hold” rating on the stock. Citigroup restated a “buy” rating on shares of Lloyds Banking Group in a research report on Thursday, July 16th. Finally, Bank of America upgraded Lloyds Banking Group from a “neutral” rating to a “buy” rating in a report on Tuesday, September 1st. Eight investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Lloyds Banking Group presently has a consensus rating of “Moderate Buy”.

Lloyds Banking Group Profile

Lloyds Banking Group plc is a major United Kingdom financial services provider whose shares trade on the New York Stock Exchange under the symbol LYG. The group serves individuals, families, small businesses and larger commercial customers through a range of banking, lending, insurance, investment and wealth-management services.

Its principal brands include Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows. Products and services include current and savings accounts, mortgages, personal loans, credit cards, business banking, commercial lending, investment products, pensions and life insurance.