D Orazio & Associates Inc. Purchases 9,630 Shares of Lloyds Banking Group plc (NYSE:LYG)

D Orazio & Associates Inc. grew its position in Lloyds Banking Group plc (NYSE:LYG) by 62.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,111 shares of the financial services provider’s stock after acquiring an additional 9,630 shares during the quarter. D Orazio & Associates Inc.’s holdings in Lloyds Banking Group were worth $69,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of LYG. Mondrian Investment Partners LTD lifted its position in shares of Lloyds Banking Group by 39.2% during the 1st quarter. Mondrian Investment Partners LTD now owns 89,948,537 shares of the financial services provider’s stock worth $232,967,000 after buying an additional 25,351,270 shares during the period. CIBC Private Wealth Group LLC lifted its position in shares of Lloyds Banking Group by 149.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 29,696,591 shares of the financial services provider’s stock worth $70,975,000 after buying an additional 17,814,615 shares during the period. Morningstar Investment Services LLC lifted its position in shares of Lloyds Banking Group by 96.9% during the 4th quarter. Morningstar Investment Services LLC now owns 21,147,627 shares of the financial services provider’s stock worth $50,966,000 after buying an additional 10,406,673 shares during the period. O Shaughnessy Asset Management LLC lifted its position in shares of Lloyds Banking Group by 195.8% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 2,833,546 shares of the financial services provider’s stock worth $7,339,000 after buying an additional 1,875,688 shares during the period. Finally, Raymond James & Associates lifted its position in shares of Lloyds Banking Group by 114.5% during the 2nd quarter. Raymond James & Associates now owns 2,487,006 shares of the financial services provider’s stock worth $6,790,000 after buying an additional 1,327,589 shares during the period. Institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Stock Down 0.3 %

NYSE LYG opened at $3.03 on Friday. The stock has a fifty day moving average of $2.99 and a 200-day moving average of $2.76. The stock has a market capitalization of $46.86 billion, a P/E ratio of 7.97 and a beta of 1.35. Lloyds Banking Group plc has a 52 week low of $1.88 and a 52 week high of $3.14. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.48 and a current ratio of 1.45.

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

Lloyds Banking Group Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Friday, September 20th. Investors of record on Monday, August 5th will be paid a dividend of $0.0546 per share. The ex-dividend date is Monday, August 5th. This is a boost from Lloyds Banking Group’s previous semi-annual dividend of $0.05. This represents a dividend yield of 4.4%. Lloyds Banking Group’s payout ratio is 28.95%.

Wall Street Analyst Weigh In

LYG has been the subject of several analyst reports. Citigroup downgraded Lloyds Banking Group from a “buy” rating to a “neutral” rating in a research report on Monday, August 5th. BNP Paribas upgraded Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a research report on Friday, July 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. Kepler Capital Markets started coverage on Lloyds Banking Group in a research report on Thursday, September 5th. They issued a “hold” rating for the company. Finally, UBS Group reiterated a “neutral” rating on shares of Lloyds Banking Group in a research report on Tuesday, July 30th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Lloyds Banking Group currently has a consensus rating of “Hold” and a consensus target price of $32.38.

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.