Mondrian Investment Partners LTD Sells 1,227,331 Shares of Lloyds Banking Group plc (NYSE:LYG)

Mondrian Investment Partners LTD trimmed its position in shares of Lloyds Banking Group plc (NYSE:LYG - Free Report) by 1.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,734,284 shares of the financial services provider's stock after selling 1,227,331 shares during the quarter. Lloyds Banking Group makes up about 3.4% of Mondrian Investment Partners LTD's portfolio, making the stock its 4th biggest holding. Mondrian Investment Partners LTD owned 0.48% of Lloyds Banking Group worth $197,837,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Apollon Wealth Management LLC increased its holdings in Lloyds Banking Group by 2.8% in the fourth quarter. Apollon Wealth Management LLC now owns 122,641 shares of the financial services provider's stock valued at $334,000 after buying an additional 3,346 shares in the last quarter. Independent Advisor Alliance grew its position in shares of Lloyds Banking Group by 4.8% during the 4th quarter. Independent Advisor Alliance now owns 75,049 shares of the financial services provider's stock valued at $204,000 after acquiring an additional 3,420 shares during the period. Brio Consultants LLC increased its stake in shares of Lloyds Banking Group by 30.2% in the 4th quarter. Brio Consultants LLC now owns 16,735 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 3,880 shares in the last quarter. Baron Wealth Management LLC raised its holdings in Lloyds Banking Group by 30.8% in the 3rd quarter. Baron Wealth Management LLC now owns 16,851 shares of the financial services provider's stock worth $53,000 after purchasing an additional 3,969 shares during the period. Finally, Fielder Capital Group LLC boosted its position in Lloyds Banking Group by 7.7% during the fourth quarter. Fielder Capital Group LLC now owns 60,993 shares of the financial services provider's stock worth $166,000 after purchasing an additional 4,366 shares in the last quarter. 2.15% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several brokerages have recently weighed in on LYG. Morgan Stanley raised Lloyds Banking Group from an "equal weight" rating to an "overweight" rating in a research note on Tuesday, March 4th. Keefe, Bruyette & Woods cut shares of Lloyds Banking Group from an "outperform" rating to a "market perform" rating in a research report on Tuesday, March 11th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $2.75.

Lloyds Banking Group Stock Performance

Shares of NYSE:LYG traded down $0.01 during trading on Tuesday, reaching $3.71. The stock had a trading volume of 22,153,557 shares, compared to its average volume of 13,681,023. Lloyds Banking Group plc has a 1-year low of $2.42 and a 1-year high of $3.91. The stock has a market cap of $56.28 billion, a PE ratio of 11.23 and a beta of 1.25. The business has a fifty day moving average price of $3.22 and a 200-day moving average price of $3.01.

Lloyds Banking Group (NYSE:LYG - Get Free Report) last announced its earnings results on Thursday, February 20th. The financial services provider reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.03). The business had revenue of $9.46 billion for the quarter, compared to analyst estimates of $4.76 billion. Lloyds Banking Group had a return on equity of 8.46% and a net margin of 11.45%. Sell-side analysts expect that Lloyds Banking Group plc will post 0.27 earnings per share 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 issued a $0.1035 dividend. This is an increase from Lloyds Banking Group's previous semi-annual dividend of $0.05. The ex-dividend date of this dividend is Friday, April 11th. This represents a yield of 4%. Lloyds Banking Group's dividend payout ratio is presently 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.