OLD Mission Capital LLC Sells 77,064 Shares of Lloyds Banking Group plc (NYSE:LYG)

OLD Mission Capital LLC lowered its position in shares of Lloyds Banking Group plc (NYSE:LYG - Free Report) by 10.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 650,923 shares of the financial services provider's stock after selling 77,064 shares during the quarter. OLD Mission Capital LLC's holdings in Lloyds Banking Group were worth $1,771,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Arrowstreet Capital Limited Partnership lifted its position in shares of Lloyds Banking Group by 11.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 26,669,053 shares of the financial services provider's stock valued at $72,540,000 after acquiring an additional 2,713,559 shares during the period. FMR LLC lifted its position in Lloyds Banking Group by 14.7% during the third quarter. FMR LLC now owns 19,280,034 shares of the financial services provider's stock worth $60,154,000 after purchasing an additional 2,472,263 shares during the period. JPMorgan Chase & Co. grew its stake in Lloyds Banking Group by 58.5% during the third quarter. JPMorgan Chase & Co. now owns 6,659,629 shares of the financial services provider's stock worth $20,778,000 after buying an additional 2,456,914 shares in the last quarter. American Century Companies Inc. increased its holdings in Lloyds Banking Group by 10.1% in 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 buying an additional 604,924 shares during the period. Finally, First Eagle Investment Management LLC raised its position in shares of Lloyds Banking Group by 2.8% in the 4th quarter. First Eagle Investment Management LLC now owns 5,601,459 shares of the financial services provider's stock valued at $15,236,000 after buying an additional 150,178 shares in the last quarter. 2.15% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

A number of research analysts recently issued reports on LYG shares. Morgan Stanley raised shares of Lloyds Banking Group from an "equal weight" rating to an "overweight" rating in a research note on Tuesday, March 4th. Hsbc Global Res upgraded Lloyds Banking Group to a "strong-buy" rating in a research note on Thursday, March 20th. HSBC upgraded Lloyds Banking Group from a "hold" rating to a "buy" rating in a research report on Tuesday, April 1st. Finally, Keefe, Bruyette & Woods cut 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, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $2.75.

Lloyds Banking Group Price Performance

NYSE LYG traded down $0.08 during trading hours on Monday, reaching $3.31. The company's stock had a trading volume of 34,191,122 shares, compared to its average volume of 14,752,362. The firm has a fifty day simple moving average of $3.49 and a 200-day simple moving average of $3.08. The stock has a market cap of $50.28 billion, a P/E ratio of 9.98 and a beta of 0.95. Lloyds Banking Group plc has a 52 week low of $2.42 and a 52 week high of $3.91.

Lloyds Banking Group (NYSE:LYG - Get Free Report) last posted 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). The company had revenue of $9.46 billion during the quarter, compared to analyst estimates of $4.76 billion. Lloyds Banking Group had a net margin of 11.45% and a return on equity of 8.46%. On average, research analysts expect that Lloyds Banking Group plc will post 0.27 earnings per share for the current year.

Lloyds Banking Group Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, April 11th will be given a dividend of $0.1035 per share. The ex-dividend date is Friday, April 11th. This is a boost from Lloyds Banking Group's previous semi-annual dividend of $0.05. This represents a dividend yield of 4%. Lloyds Banking Group's dividend payout ratio 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.