CIBC Private Wealth Group LLC decreased its position in shares of Lloyds Banking Group plc (NYSE:LYG - Free Report) by 1.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 12,395,541 shares of the financial services provider's stock after selling 159,641 shares during the period. CIBC Private Wealth Group LLC owned 0.08% of Lloyds Banking Group worth $32,848,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Lloyds Banking Group by 11.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 26,669,053 shares of the financial services provider's stock worth $72,540,000 after purchasing an additional 2,713,559 shares during the last quarter. FMR LLC boosted its stake in Lloyds Banking Group by 14.7% in the 3rd quarter. FMR LLC now owns 19,280,034 shares of the financial services provider's stock worth $60,154,000 after buying an additional 2,472,263 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Lloyds Banking Group by 58.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,659,629 shares of the financial services provider's stock valued at $20,778,000 after buying an additional 2,456,914 shares during the period. American Century Companies Inc. increased its stake in shares of Lloyds Banking Group by 10.1% during the 4th quarter. American Century Companies Inc. now owns 6,611,908 shares of the financial services provider's stock valued at $17,984,000 after acquiring an additional 604,924 shares during the last quarter. Finally, First Eagle Investment Management LLC lifted its holdings in shares of Lloyds Banking Group by 2.8% during the 4th quarter. First Eagle Investment Management LLC now owns 5,601,459 shares of the financial services provider's stock worth $15,236,000 after acquiring an additional 150,178 shares during the period. Institutional investors and hedge funds own 2.15% of the company's stock.
Lloyds Banking Group Stock Down 7.8 %
Shares of Lloyds Banking Group stock traded down $0.29 during trading on Friday, hitting $3.39. The stock had a trading volume of 36,345,257 shares, compared to its average volume of 14,628,049. The company has a market capitalization of $51.42 billion, a PE ratio of 10.26 and a beta of 1.25. Lloyds Banking Group plc has a 1 year low of $2.42 and a 1 year high of $3.91. The stock has a 50 day simple moving average of $3.49 and a 200 day simple moving average of $3.08.
Lloyds Banking Group (NYSE:LYG - Get Free Report) last released its earnings results on Thursday, February 20th. The financial services provider reported $0.05 earnings per share (EPS) 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 analysts' expectations of $4.76 billion. As a group, equities analysts expect that Lloyds Banking Group plc will post 0.27 earnings per share for the current fiscal year.
Lloyds Banking Group Increases Dividend
The firm also recently announced a semi-annual dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, April 11th will be paid a dividend of $0.1035 per share. This represents a yield of 4%. The ex-dividend date is Friday, April 11th. This is a boost from Lloyds Banking Group's previous semi-annual dividend of $0.05. Lloyds Banking Group's payout ratio is 60.61%.
Wall Street Analyst Weigh In
Several research analysts recently commented on LYG shares. Morgan Stanley upgraded shares of Lloyds Banking Group from an "equal weight" rating to an "overweight" rating in a report on Tuesday, March 4th. HSBC raised shares of Lloyds Banking Group from a "hold" rating to a "buy" rating in a report on Tuesday. Keefe, Bruyette & Woods cut Lloyds Banking Group from an "outperform" rating to a "market perform" rating in a research report on Tuesday, March 11th. Finally, Hsbc Global Res upgraded shares of Lloyds Banking Group to a "strong-buy" rating in a report on Thursday, March 20th. Seven investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Lloyds Banking Group presently has a consensus rating of "Moderate Buy" and an average price target of $2.75.
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About Lloyds Banking Group
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Free Report)
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.
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