Baldwin Wealth Partners LLC MA Purchases Shares of 22,191 Lloyds Banking Group PLC $LYG

Baldwin Wealth Partners LLC MA acquired a new stake in Lloyds Banking Group PLC (NYSE:LYG) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,191 shares of the financial services provider’s stock, valued at approximately $94,000.

Several other large investors also recently modified their holdings of the stock. Goldman Sachs Group Inc. raised its position in shares of Lloyds Banking Group by 6.1% in the first 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 during the period. Envestnet Asset Management Inc. raised its position in shares of Lloyds Banking Group by 9.0% in the first 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 during the period. Millennium Management LLC raised its position in shares of Lloyds Banking Group by 15.5% in the first 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 during the period. American Century Companies Inc. raised its position 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 valued at $26,785,000 after purchasing an additional 399,866 shares during the period. Finally, Crossmark Global Holdings Inc. raised its position in shares of Lloyds Banking Group by 0.4% in the first quarter. Crossmark Global Holdings Inc. now owns 4,831,997 shares of the financial services provider’s stock valued at $18,458,000 after purchasing an additional 18,767 shares during the period. 2.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on LYG shares. Weiss Ratings lowered shares of Lloyds Banking Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. Morgan Stanley reiterated an “overweight” rating on shares of Lloyds Banking Group in a research note on Monday, August 4th. Wall Street Zen cut shares of Lloyds Banking Group from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. JPMorgan Chase & Co. upgraded shares of Lloyds Banking Group from an “underweight” rating to a “neutral” rating in a research note on Friday, August 1st. Finally, Keefe, Bruyette & Woods upgraded shares of Lloyds Banking Group from a “hold” rating to a “moderate buy” rating in a research note on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

Lloyds Banking Group Price Performance

LYG stock opened at $4.44 on Friday. 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 PLC has a 12 month low of $2.56 and a 12 month high of $4.69. The firm has a market cap of $66.08 billion, a P/E ratio of 11.09, a P/E/G ratio of 0.62 and a beta of 1.02. The company’s 50-day moving average price is $4.48 and its two-hundred day moving average price is $4.18.

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

Lloyds Banking Group Cuts Dividend

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

About Lloyds Banking Group

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.