Transcend Capital Advisors LLC Buys Shares of 10,190 Lloyds Banking Group plc (NYSE:LYG)

Transcend Capital Advisors LLC purchased a new stake in shares of Lloyds Banking Group plc (NYSE:LYG) during the second quarter, HoldingsChannel.com reports. The institutional investor purchased 10,190 shares of the financial services provider’s stock, valued at approximately $28,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Naples Money Management LLC bought a new position in shares of Lloyds Banking Group in the fourth quarter worth $25,000. TCG Advisory Services LLC acquired a new stake in Lloyds Banking Group in the fourth quarter worth about $25,000. Atria Wealth Solutions Inc. bought a new position in Lloyds Banking Group in the 4th quarter valued at about $26,000. D Orazio & Associates Inc. acquired a new position in Lloyds Banking Group during the 4th quarter valued at about $26,000. Finally, Headlands Technologies LLC bought a new stake in shares of Lloyds Banking Group during the 4th quarter worth about $27,000. 2.15% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on LYG shares. UBS Group reissued a “neutral” rating on shares of Lloyds Banking Group in a report on Tuesday, July 30th. BNP Paribas raised Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a research note on Friday, July 5th. Citigroup cut shares of Lloyds Banking Group from a “buy” rating to a “neutral” rating in a research report on Monday. Berenberg Bank started coverage on shares of Lloyds Banking Group in a research note on Thursday, April 25th. They issued a “hold” rating and a $2.75 price objective on the stock. Finally, Royal Bank of Canada lowered shares of Lloyds Banking Group from an “outperform” rating to a “sector perform” rating in a research note on Friday, July 26th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Lloyds Banking Group presently has an average rating of “Hold” and a consensus price target of $32.38.

Lloyds Banking Group Trading Down 3.2 %

LYG stock traded down $0.09 during mid-day trading on Monday, reaching $2.76. 17,785,217 shares of the stock traded hands, compared to its average volume of 9,370,881. The stock’s fifty day moving average is $2.87 and its 200-day moving average is $2.59. The company has a market cap of $43.14 billion, a P/E ratio of 7.50 and a beta of 1.35. The company has a current ratio of 1.45, a quick ratio of 1.48 and a debt-to-equity ratio of 1.89. Lloyds Banking Group plc has a 52-week low of $1.88 and a 52-week high of $3.13.

Lloyds Banking Group Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Friday, September 20th. Shareholders of record on Monday, August 5th will be given a dividend of $0.0546 per share. This represents a yield of 4.4%. This is a boost from Lloyds Banking Group’s previous semi-annual dividend of $0.05. The ex-dividend date of this dividend is Monday, August 5th. Lloyds Banking Group’s payout ratio is presently 47.37%.

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.