Mount Yale Investment Advisors LLC Makes New $496,000 Investment in Lloyds Banking Group plc (NYSE:LYG)

Mount Yale Investment Advisors LLC acquired a new position in Lloyds Banking Group plc (NYSE:LYG) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 191,614 shares of the financial services provider’s stock, valued at approximately $496,000.

Several other large investors also recently bought and sold shares of the company. Mondrian Investment Partners LTD grew its holdings in Lloyds Banking Group by 39.2% in the first quarter. Mondrian Investment Partners LTD now owns 89,948,537 shares of the financial services provider’s stock valued at $232,967,000 after purchasing an additional 25,351,270 shares during the last quarter. CIBC Private Wealth Group LLC grew its holdings in Lloyds Banking Group by 149.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 29,696,591 shares of the financial services provider’s stock valued at $70,975,000 after purchasing an additional 17,814,615 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Lloyds Banking Group by 5.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 22,166,362 shares of the financial services provider’s stock valued at $52,978,000 after purchasing an additional 1,180,775 shares during the last quarter. Morningstar Investment Services LLC grew its holdings in Lloyds Banking Group by 96.9% in the fourth quarter. Morningstar Investment Services LLC now owns 21,147,627 shares of the financial services provider’s stock valued at $50,966,000 after purchasing an additional 10,406,673 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Lloyds Banking Group by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 18,625,679 shares of the financial services provider’s stock valued at $44,528,000 after purchasing an additional 439,009 shares during the last quarter. Institutional investors and hedge funds own 2.15% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on LYG. Deutsche Bank Aktiengesellschaft began coverage on Lloyds Banking Group in a report on Thursday, May 9th. They issued a “buy” rating on the stock. Royal Bank of Canada lowered Lloyds Banking Group from an “outperform” rating to a “sector perform” rating in a research note on Friday. Berenberg Bank began coverage on Lloyds Banking Group in a research note on Thursday, April 25th. They set a “hold” rating and a $2.75 price objective on the stock. Finally, BNP Paribas raised Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a research note on Friday, July 5th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $32.38.

Lloyds Banking Group Trading Up 0.3 %

Shares of Lloyds Banking Group stock traded up $0.01 during trading hours on Monday, reaching $3.10. The stock had a trading volume of 13,828,033 shares, compared to its average volume of 9,208,816. The firm has a 50 day simple moving average of $2.86 and a two-hundred day simple moving average of $2.56. The firm has a market capitalization of $48.45 billion, a price-to-earnings ratio of 8.18 and a beta of 1.35. The company has a current ratio of 1.45, a quick ratio of 1.48 and a debt-to-equity ratio of 1.89. Lloyds Banking Group plc has a 1 year low of $1.88 and a 1 year high of $3.13.

Lloyds Banking Group Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Friday, September 20th. Stockholders of record on Monday, August 5th will be issued a $0.0546 dividend. This represents a dividend yield of 4.4%. This is an increase from Lloyds Banking Group’s previous semi-annual dividend of $0.05. The ex-dividend date of this dividend is Monday, August 5th. Lloyds Banking Group’s dividend payout ratio (DPR) is 47.37%.

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.