Crossmark Global Holdings Inc. Purchases 211,920 Shares of Lloyds Banking Group PLC $LYG

Crossmark Global Holdings Inc. raised its position in Lloyds Banking Group PLC (NYSE:LYG) by 4.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,079,633 shares of the financial services provider’s stock after buying an additional 211,920 shares during the period. Crossmark Global Holdings Inc.’s holdings in Lloyds Banking Group were worth $23,062,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Insigneo Advisory Services LLC boosted its holdings in shares of Lloyds Banking Group by 121.3% in the 3rd quarter. Insigneo Advisory Services LLC now owns 30,883 shares of the financial services provider’s stock worth $140,000 after acquiring an additional 16,927 shares in the last quarter. Fisher Asset Management LLC boosted its stake in Lloyds Banking Group by 0.8% in the third quarter. Fisher Asset Management LLC now owns 149,958,264 shares of the financial services provider’s stock worth $680,811,000 after purchasing an additional 1,129,641 shares in the last quarter. Aprio Wealth Management LLC grew its holdings in shares of Lloyds Banking Group by 4.3% during the third quarter. Aprio Wealth Management LLC now owns 101,657 shares of the financial services provider’s stock worth $462,000 after purchasing an additional 4,184 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Lloyds Banking Group by 19.2% in the third quarter. American Century Companies Inc. now owns 8,112,276 shares of the financial services provider’s stock valued at $36,830,000 after buying an additional 1,306,099 shares in the last quarter. Finally, Xponance Inc. raised its holdings in shares of Lloyds Banking Group by 14.7% in the third quarter. Xponance Inc. now owns 17,992 shares of the financial services provider’s stock valued at $82,000 after buying an additional 2,302 shares during the last quarter. Institutional investors and hedge funds own 2.15% of the company’s stock.

Lloyds Banking Group Price Performance

LYG opened at $5.39 on Thursday. Lloyds Banking Group PLC has a 12 month low of $3.27 and a 12 month high of $6.34. The company has a fifty day simple moving average of $5.62 and a 200 day simple moving average of $5.02. The stock has a market cap of $79.34 billion, a P/E ratio of 12.82, a P/E/G ratio of 0.54 and a beta of 0.86. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 1.84.

Lloyds Banking Group (NYSE:LYG) last released its quarterly earnings data on Thursday, January 29th. The financial services provider reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.01. Lloyds Banking Group had a return on equity of 10.06% and a net margin of 24.30%.The business had revenue of $6.38 billion for the quarter, compared to analysts’ expectations of $6.52 billion. On average, research analysts expect that Lloyds Banking Group PLC will post 0.27 EPS for the current year.

Lloyds Banking Group Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, May 29th. Investors of record on Friday, April 10th will be issued a dividend of $0.134 per share. This represents a dividend yield of 447.0%. The ex-dividend date is Friday, April 10th. Lloyds Banking Group’s dividend payout ratio (DPR) is presently 30.95%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Weiss Ratings raised shares of Lloyds Banking Group from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, February 17th. BNP Paribas Exane lowered shares of Lloyds Banking Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 10th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Lloyds Banking Group in a report on Tuesday, February 3rd. Morgan Stanley reaffirmed an “overweight” rating on shares of Lloyds Banking Group in a research note on Monday, November 24th. Finally, Citigroup reissued a “neutral” rating on shares of Lloyds Banking Group in a research note on Monday, December 1st. Seven analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average 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.