Foster Victor Wealth Advisors LLC Acquires 8,882 Shares of Lloyds Banking Group plc (NYSE:LYG)

Foster Victor Wealth Advisors LLC lifted its holdings in Lloyds Banking Group plc (NYSE:LYG) by 13.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 76,384 shares of the financial services provider’s stock after acquiring an additional 8,882 shares during the period. Foster Victor Wealth Advisors LLC’s holdings in Lloyds Banking Group were worth $234,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Transcend Capital Advisors LLC bought a new stake in shares of Lloyds Banking Group in the 2nd quarter valued at approximately $28,000. Interchange Capital Partners LLC bought a new stake in Lloyds Banking Group in the second quarter worth $28,000. Intergy Private Wealth LLC purchased a new position in Lloyds Banking Group during the second quarter worth $29,000. Susquehanna International Securities Ltd. bought a new position in Lloyds Banking Group during the first quarter valued at $30,000. Finally, Tcwp LLC purchased a new stake in shares of Lloyds Banking Group in the second quarter valued at $32,000. Hedge funds and other institutional investors own 2.15% of the company’s stock.

Wall Street Analyst Weigh In

LYG has been the topic of several analyst reports. Kepler Capital Markets initiated coverage on shares of Lloyds Banking Group in a report on Thursday, September 5th. They set a “hold” rating on the stock. UBS Group reaffirmed a “neutral” rating on shares of Lloyds Banking Group in a research note on Tuesday, July 30th. Citigroup lowered Lloyds Banking Group from a “buy” rating to a “neutral” rating in a research note on Monday, August 5th. Royal Bank of Canada downgraded Lloyds Banking Group from an “outperform” rating to a “sector perform” rating in a research report on Friday, July 26th. Finally, The Goldman Sachs Group began coverage on Lloyds Banking Group in a research report on Friday, October 4th. They set a “neutral” rating for the company. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $2.75.

Lloyds Banking Group Trading Up 1.9 %

LYG opened at $3.16 on Thursday. Lloyds Banking Group plc has a 52 week low of $1.88 and a 52 week high of $3.18. The company has a market capitalization of $49.39 billion, a P/E ratio of 8.32 and a beta of 1.34. The stock’s fifty day moving average is $3.04 and its two-hundred day moving average is $2.86. The company has a quick ratio of 1.48, a current ratio of 1.45 and a debt-to-equity ratio of 1.89.

Lloyds Banking Group (NYSE:LYG) last released its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.09 earnings per share for the quarter. Lloyds Banking Group had a return on equity of 10.34% and a net margin of 12.40%. The firm had revenue of $9.55 billion during the quarter. Analysts forecast that Lloyds Banking Group plc will post 0.32 earnings per share for the current year.

Lloyds Banking Group Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Friday, September 20th. Stockholders of record on Monday, August 5th were given a $0.0546 dividend. This represents a dividend yield of 4.4%. The ex-dividend date was Monday, August 5th. This is a boost from Lloyds Banking Group’s previous semi-annual dividend of $0.05. Lloyds Banking Group’s dividend payout ratio is presently 26.32%.

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.