Opal Wealth Advisors LLC Purchases Shares of 8,283 Lloyds Banking Group PLC $LYG

Opal Wealth Advisors LLC bought a new position in shares of Lloyds Banking Group PLC (NYSE:LYG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 8,283 shares of the financial services provider’s stock, valued at approximately $35,000.

Several other hedge funds and other institutional investors have also made changes to their positions in LYG. Goldman Sachs Group Inc. raised its position 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 worth $92,269,000 after acquiring an additional 1,397,163 shares in the last quarter. Millennium Management LLC raised its position 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 worth $31,321,000 after acquiring an additional 1,100,359 shares in the last quarter. Envestnet Asset Management Inc. raised its position 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 worth $40,083,000 after acquiring an additional 863,347 shares in the last quarter. Focus Partners Wealth raised its position 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 worth $3,123,000 after acquiring an additional 806,543 shares in the last quarter. Finally, Eagle Global Advisors LLC acquired a new stake in shares of Lloyds Banking Group during the 1st quarter worth about $1,910,000. Institutional investors and hedge funds own 2.15% of the company’s stock.

Wall Street Analyst Weigh In

LYG has been the topic of several research analyst reports. Wall Street Zen raised Lloyds Banking Group from a “hold” rating to a “buy” rating in a research report on Sunday, September 7th. Citigroup reaffirmed a “neutral” rating on shares of Lloyds Banking Group in a research report on Monday. JPMorgan Chase & Co. raised Lloyds Banking Group from an “underweight” rating to a “neutral” rating in a research report on Friday, August 1st. Royal Bank Of Canada raised Lloyds Banking Group from a “sector perform” rating to an “outperform” rating in a research report on Monday, August 4th. Finally, Keefe, Bruyette & Woods raised Lloyds Banking Group from a “hold” rating to a “moderate buy” rating in a research report on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Lloyds Banking Group currently has an average rating of “Moderate Buy”.

Lloyds Banking Group Trading Down 0.1%

Shares of LYG stock opened at $4.47 on Thursday. The business’s 50 day moving average is $4.42 and its two-hundred day moving average is $4.11. Lloyds Banking Group PLC has a twelve month low of $2.56 and a twelve month high of $4.63. The company has a market capitalization of $66.53 billion, a P/E ratio of 11.16, a price-to-earnings-growth ratio of 0.65 and a beta of 1.05. 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 (NYSE:LYG) last announced its earnings results on Thursday, July 24th. The financial services provider reported $0.14 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $6.13 billion for the quarter, compared to the consensus estimate of $4.86 billion. Equities analysts forecast that Lloyds Banking Group PLC will post 0.27 EPS for the current year.

Lloyds Banking Group Cuts Dividend

The business also recently announced a semi-annual dividend, which was paid on Friday, September 19th. Shareholders 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 32.50%.

Lloyds Banking Group 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.