Koss Olinger Consulting LLC Has $274,000 Stock Position in Lloyds Banking Group plc (NYSE:LYG)

Koss Olinger Consulting LLC lifted its position in shares of Lloyds Banking Group plc (NYSE:LYG) by 396.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 100,606 shares of the financial services provider’s stock after buying an additional 80,335 shares during the quarter. Koss Olinger Consulting LLC’s holdings in Lloyds Banking Group were worth $274,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Brentview Investment Management LLC acquired a new stake in shares of Lloyds Banking Group during the fourth quarter worth $31,000. Mesirow Financial Investment Management Inc. acquired a new stake in shares of Lloyds Banking Group during the fourth quarter worth $32,000. SBI Securities Co. Ltd. acquired a new stake in shares of Lloyds Banking Group during the fourth quarter worth $34,000. Simon Quick Advisors LLC acquired a new stake in shares of Lloyds Banking Group during the fourth quarter worth $35,000. Finally, Cerro Pacific Wealth Advisors LLC acquired a new stake in shares of Lloyds Banking Group during the fourth quarter worth $37,000. 2.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Morgan Stanley upgraded shares of Lloyds Banking Group from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, March 4th. Keefe, Bruyette & Woods lowered shares of Lloyds Banking Group from an “outperform” rating to a “market perform” rating in a research note on Tuesday, March 11th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Lloyds Banking Group currently has an average rating of “Hold” and a consensus price target of $2.75.

Lloyds Banking Group Trading Up 1.5 %

Lloyds Banking Group stock opened at $3.75 on Thursday. Lloyds Banking Group plc has a 1-year low of $2.42 and a 1-year high of $3.91. The firm has a market capitalization of $56.88 billion, a price-to-earnings ratio of 11.35 and a beta of 1.25. The firm’s fifty day moving average price is $3.26 and its two-hundred day moving average price is $3.02.

Lloyds Banking Group (NYSE:LYG) last released its quarterly earnings data on Thursday, February 20th. The financial services provider reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). Lloyds Banking Group had a net margin of 11.45% and a return on equity of 8.46%. The business had revenue of $9.46 billion during the quarter, compared to the consensus estimate of $4.76 billion. On average, research analysts forecast that Lloyds Banking Group plc will post 0.27 EPS for the current year.

Lloyds Banking Group Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, April 11th will be paid a $0.1035 dividend. This represents a dividend yield of 4%. This is a positive change from Lloyds Banking Group’s previous semi-annual dividend of $0.05. The ex-dividend date of this dividend is Friday, April 11th. Lloyds Banking Group’s dividend payout ratio (DPR) is 60.61%.

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.