Sagespring Wealth Partners LLC Boosts Position in Lloyds Banking Group PLC $LYG

Sagespring Wealth Partners LLC boosted its holdings in shares of Lloyds Banking Group PLC (NYSE:LYG) by 22.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 54,630 shares of the financial services provider’s stock after buying an additional 10,003 shares during the quarter. Sagespring Wealth Partners LLC’s holdings in Lloyds Banking Group were worth $232,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Riversedge Advisors LLC lifted its holdings in Lloyds Banking Group by 10.5% in the second quarter. Riversedge Advisors LLC now owns 25,680 shares of the financial services provider’s stock valued at $109,000 after acquiring an additional 2,433 shares during the period. Jackson Thornton Wealth Management LLC lifted its holdings in Lloyds Banking Group by 20.4% in the first quarter. Jackson Thornton Wealth Management LLC now owns 15,168 shares of the financial services provider’s stock valued at $57,000 after acquiring an additional 2,573 shares during the period. Perigon Wealth Management LLC lifted its holdings in 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 valued at $235,000 after acquiring an additional 2,617 shares during the period. Mutual Advisors LLC lifted its holdings in Lloyds Banking Group by 27.2% in the first quarter. Mutual Advisors LLC now owns 12,916 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 2,758 shares during the period. Finally, SBI Securities Co. Ltd. lifted its holdings in Lloyds Banking Group by 22.1% in the first quarter. SBI Securities Co. Ltd. now owns 15,369 shares of the financial services provider’s stock valued at $59,000 after acquiring an additional 2,784 shares during the period. 2.15% of the stock is owned by institutional investors and hedge funds.

Lloyds Banking Group Stock Performance

NYSE LYG opened at $4.49 on Friday. The stock has a market cap of $66.47 billion, a PE ratio of 11.21, a P/E/G ratio of 0.63 and a beta of 1.02. The company has a current ratio of 1.44, a quick ratio of 0.53 and a debt-to-equity ratio of 1.68. Lloyds Banking Group PLC has a twelve month low of $2.56 and a twelve month high of $4.69. The stock has a fifty day simple moving average of $4.49 and a 200-day simple moving average of $4.20.

Lloyds Banking Group (NYSE:LYG) last released its quarterly earnings results on Thursday, July 24th. The financial services provider reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.04. Lloyds Banking Group had a return on equity of 9.28% and a net margin of 17.51%.The business had revenue of $6.13 billion during the quarter, compared to analysts’ expectations of $4.86 billion. Equities analysts anticipate that Lloyds Banking Group PLC will post 0.27 earnings per share for the current year.

Lloyds Banking Group Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Friday, September 19th. Stockholders of record on Monday, August 4th were paid a $0.0655 dividend. This represents a dividend yield of 370.0%. The ex-dividend date was Monday, August 4th. Lloyds Banking Group’s dividend payout ratio (DPR) is presently 32.50%.

Analyst Upgrades and Downgrades

LYG has been the subject of several research analyst reports. Keefe, Bruyette & Woods raised Lloyds Banking Group from a “hold” rating to a “moderate buy” rating in a research note on Thursday, July 17th. Royal Bank Of Canada raised Lloyds Banking Group from a “sector perform” rating to an “outperform” rating in a research note on Monday, August 4th. Kepler Capital Markets raised Lloyds Banking Group from a “hold” rating to a “buy” rating in a research note on Thursday, October 9th. JPMorgan Chase & Co. raised Lloyds Banking Group from an “underweight” rating to a “neutral” rating in a research note on Friday, August 1st. Finally, The Goldman Sachs Group raised Lloyds Banking Group from a “neutral” rating to a “buy” rating in a research note on Tuesday, August 5th. One 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’s stock. According to data from MarketBeat, the stock 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.