Hantz Financial Services Inc. Grows Position in Lloyds Banking Group PLC $LYG

Hantz Financial Services Inc. boosted its holdings in Lloyds Banking Group PLC (NYSE:LYG) by 311.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 227,764 shares of the financial services provider’s stock after acquiring an additional 172,422 shares during the period. Hantz Financial Services Inc.’s holdings in Lloyds Banking Group were worth $1,034,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. SYM FINANCIAL Corp raised its holdings in shares of Lloyds Banking Group by 17.0% during the third quarter. SYM FINANCIAL Corp now owns 15,864 shares of the financial services provider’s stock valued at $72,000 after purchasing an additional 2,309 shares during the last quarter. Fiduciary Financial Group LLC grew its position in Lloyds Banking Group by 18.7% in the 3rd quarter. Fiduciary Financial Group LLC now owns 15,110 shares of the financial services provider’s stock worth $69,000 after purchasing an additional 2,380 shares during the period. Earned Wealth Advisors LLC raised its stake in Lloyds Banking Group by 23.0% during the 3rd quarter. Earned Wealth Advisors LLC now owns 13,481 shares of the financial services provider’s stock valued at $61,000 after buying an additional 2,523 shares during the last quarter. Drive Wealth Management LLC lifted its holdings in shares of Lloyds Banking Group by 6.8% during the 2nd quarter. Drive Wealth Management LLC now owns 41,065 shares of the financial services provider’s stock valued at $175,000 after buying an additional 2,599 shares during the period. Finally, Brighton Jones LLC grew its holdings in shares of Lloyds Banking Group by 16.2% in the second quarter. Brighton Jones LLC now owns 18,778 shares of the financial services provider’s stock worth $80,000 after acquiring an additional 2,613 shares during the period. Hedge funds and other institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Trading Up 1.9%

NYSE LYG opened at $5.92 on Friday. Lloyds Banking Group PLC has a 12 month low of $3.07 and a 12 month high of $6.34. The stock has a market cap of $87.22 billion, a price-to-earnings ratio of 14.10, a PEG ratio of 0.59 and a beta of 0.87. The company’s 50 day moving average is $5.43 and its two-hundred day moving average is $4.85.

Lloyds Banking Group (NYSE:LYG) last announced its quarterly earnings data on Thursday, January 29th. The financial services provider reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. Lloyds Banking Group had a net margin of 24.30% and a return on equity of 10.06%. The firm had revenue of $6.38 billion during the quarter, compared to analysts’ expectations of $6.52 billion. Sell-side analysts forecast that Lloyds Banking Group PLC will post 0.27 EPS for the current year.

Lloyds Banking Group Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, April 10th will be given a $0.134 dividend. This represents a dividend yield of 447.0%. The ex-dividend date is Friday, April 10th. Lloyds Banking Group’s payout ratio is presently 30.95%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on LYG shares. Weiss Ratings reissued a “hold (c)” rating on shares of Lloyds Banking Group in a research report on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Lloyds Banking Group in a research note on Tuesday. Wall Street Zen lowered shares of Lloyds Banking Group from a “buy” rating to a “hold” rating in a research report on Monday, October 20th. Morgan Stanley reiterated an “overweight” rating on shares of Lloyds Banking Group in a research report on Monday, November 24th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Lloyds Banking Group in a research note on Tuesday, October 28th. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Lloyds Banking Group presently has a consensus rating of “Moderate Buy”.

Lloyds Banking Group Company Profile

Lloyds Banking Group plc is a UK-based banking and financial services company that provides a broad range of retail, commercial and insurance products. Its principal consumer-facing brands include Lloyds Bank, Halifax and Bank of Scotland, through which it offers current accounts, savings, mortgages, credit cards and personal loans. The group also delivers services to small and medium-sized enterprises (SMEs) and larger corporate clients, supplying business accounts, lending, payments and cash-management solutions.

In addition to core banking, Lloyds operates a significant wealth and insurance arm under the Scottish Widows brand, offering life insurance, pensions, investment and retirement planning products.