Drucker Wealth 3.0 LLC Has $2.07 Million Stock Position in Lloyds Banking Group PLC $LYG

Drucker Wealth 3.0 LLC lowered its stake in Lloyds Banking Group PLC (NYSE:LYG) by 31.6% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 495,273 shares of the financial services provider’s stock after selling 228,864 shares during the period. Drucker Wealth 3.0 LLC’s holdings in Lloyds Banking Group were worth $2,065,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Goldman Sachs Group Inc. grew its stake in Lloyds Banking Group by 6.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 24,154,117 shares of the financial services provider’s stock valued at $92,269,000 after buying an additional 1,397,163 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Lloyds Banking Group by 9.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 10,492,898 shares of the financial services provider’s stock valued at $40,083,000 after purchasing an additional 863,347 shares during the period. Millennium Management LLC boosted its holdings in Lloyds Banking Group by 15.5% in the 1st quarter. Millennium Management LLC now owns 8,199,299 shares of the financial services provider’s stock valued at $31,321,000 after purchasing an additional 1,100,359 shares during the period. American Century Companies Inc. boosted its holdings in Lloyds Banking Group by 6.0% in the 1st quarter. American Century Companies Inc. now owns 7,011,774 shares of the financial services provider’s stock valued at $26,785,000 after purchasing an additional 399,866 shares during the period. Finally, Crossmark Global Holdings Inc. boosted its holdings in Lloyds Banking Group by 0.4% in the 1st quarter. Crossmark Global Holdings Inc. now owns 4,831,997 shares of the financial services provider’s stock valued at $18,458,000 after purchasing an additional 18,767 shares during the period. Institutional investors and hedge funds own 2.15% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Morgan Stanley reissued an “overweight” rating on shares of Lloyds Banking Group in a report on Monday, August 4th. Keefe, Bruyette & Woods raised shares of Lloyds Banking Group from a “hold” rating to a “moderate buy” rating in a report on Thursday, July 17th. JPMorgan Chase & Co. raised shares of Lloyds Banking Group from an “underweight” rating to a “neutral” rating in a report on Friday, August 1st. The Goldman Sachs Group raised shares of Lloyds Banking Group from a “neutral” rating to a “buy” rating in a report on Tuesday, August 5th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Lloyds Banking Group in a report on Monday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Lloyds Banking Group Stock Performance

Shares of Lloyds Banking Group stock opened at $4.44 on Friday. The company has a 50 day moving average of $4.48 and a 200-day moving average of $4.18. The company has a market cap of $66.08 billion, a PE ratio of 11.09, a price-to-earnings-growth ratio of 0.62 and a beta of 1.02. Lloyds Banking Group PLC has a 1-year low of $2.56 and a 1-year high of $4.69. The company has a current ratio of 1.44, a quick ratio of 0.53 and a debt-to-equity ratio of 1.68.

Lloyds Banking Group (NYSE:LYG) last issued its earnings results on Thursday, July 24th. The financial services provider reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.04. The firm had revenue of $6.13 billion for the quarter, compared to analyst estimates of $4.86 billion. Lloyds Banking Group had a net margin of 17.51% and a return on equity of 9.28%. As a group, equities research analysts forecast that Lloyds Banking Group PLC will post 0.27 earnings per share for the current fiscal year.

Lloyds Banking Group Cuts Dividend

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

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.