Angeles Wealth Management LLC Takes $77,000 Position in Lloyds Banking Group PLC $LYG

Angeles Wealth Management LLC acquired a new stake in Lloyds Banking Group PLC (NYSE:LYG) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 18,079 shares of the financial services provider’s stock, valued at approximately $77,000.

Other large investors have also made changes to their positions in the company. Townsquare Capital LLC lifted its position in shares of Lloyds Banking Group by 4.2% in the first quarter. Townsquare Capital LLC now owns 1,596,132 shares of the financial services provider’s stock valued at $6,097,000 after acquiring an additional 64,952 shares in the last quarter. ICONIQ Capital LLC increased its holdings in shares of Lloyds Banking Group by 194.1% in the first quarter. ICONIQ Capital LLC now owns 87,502 shares of the financial services provider’s stock worth $334,000 after purchasing an additional 57,750 shares during the last quarter. American Century Companies Inc. increased its holdings 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 worth $26,785,000 after purchasing an additional 399,866 shares during the last quarter. Perigon Wealth Management LLC increased its holdings in shares of 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 worth $235,000 after purchasing an additional 2,617 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Lloyds Banking Group by 24.2% in the first quarter. GAMMA Investing LLC now owns 57,543 shares of the financial services provider’s stock worth $220,000 after purchasing an additional 11,225 shares during the last quarter. 2.15% of the stock is currently owned by hedge funds and other institutional investors.

Lloyds Banking Group Price Performance

NYSE:LYG opened at $4.49 on Friday. Lloyds Banking Group PLC has a 52 week low of $2.56 and a 52 week high of $4.69. The company has a quick ratio of 0.53, a current ratio of 1.44 and a debt-to-equity ratio of 1.68. The stock has a market capitalization of $66.47 billion, a PE ratio of 11.21, a price-to-earnings-growth ratio of 0.63 and a beta of 1.02. The stock’s 50-day moving average price is $4.49 and its 200-day moving average price is $4.20.

Lloyds Banking Group (NYSE:LYG) last posted its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $4.86 billion. As a group, equities analysts expect that Lloyds Banking Group PLC will post 0.27 EPS for the current fiscal year.

Lloyds Banking Group Cuts Dividend

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

Analyst Ratings Changes

Several research analysts recently issued reports on LYG shares. Wall Street Zen raised Lloyds Banking Group from a “hold” rating to a “buy” rating in a research note on Sunday, October 12th. Zacks Research lowered Lloyds Banking Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 23rd. Royal Bank Of Canada upgraded Lloyds Banking Group from a “sector perform” rating to an “outperform” rating in a report on Monday, August 4th. Kepler Capital Markets raised Lloyds Banking Group from a “hold” rating to a “buy” rating in a research report on Thursday, October 9th. 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 equities research 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.com, Lloyds Banking Group has a consensus rating of “Moderate Buy”.

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.