Orion Portfolio Solutions LLC cut its holdings in Lloyds Banking Group plc (NYSE:LYG - Free Report) by 9.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 852,630 shares of the financial services provider's stock after selling 92,950 shares during the quarter. Orion Portfolio Solutions LLC's holdings in Lloyds Banking Group were worth $2,319,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Thrivent Financial for Lutherans increased its holdings in shares of Lloyds Banking Group by 339.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 58,688 shares of the financial services provider's stock worth $183,000 after buying an additional 45,341 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Lloyds Banking Group by 20.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,055,584 shares of the financial services provider's stock worth $3,293,000 after acquiring an additional 180,178 shares in the last quarter. FMR LLC increased its stake 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 acquiring an additional 2,472,263 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Lloyds Banking Group during the third quarter valued at approximately $85,000. Finally, BNP Paribas Financial Markets bought a new stake in shares of Lloyds Banking Group in the 3rd quarter valued at approximately $1,035,000. Institutional investors own 2.15% of the company's stock.
Analysts Set New Price Targets
Several research firms recently weighed in on LYG. Keefe, Bruyette & Woods lowered Lloyds Banking Group from an "outperform" rating to a "market perform" rating in a report on Tuesday, March 11th. 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 upgraded shares of Lloyds Banking Group from a "hold" rating to a "buy" rating in a report on Tuesday. Finally, Hsbc Global Res raised shares of Lloyds Banking Group to a "strong-buy" rating in a research report on Thursday, March 20th. Seven research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $2.75.
View Our Latest Stock Analysis on LYG
Lloyds Banking Group Price Performance
Shares of LYG stock traded down $0.29 during mid-day trading on Friday, hitting $3.39. The stock had a trading volume of 36,345,257 shares, compared to its average volume of 14,605,882. Lloyds Banking Group plc has a 12-month low of $2.42 and a 12-month high of $3.91. The firm's 50-day moving average is $3.48 and its two-hundred day moving average is $3.08. The firm has a market capitalization of $51.42 billion, a P/E ratio of 10.26 and a beta of 1.25.
Lloyds Banking Group (NYSE:LYG - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The financial services provider reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.08 by ($0.03). The business had revenue of $9.46 billion during the quarter, compared to the consensus estimate of $4.76 billion. Lloyds Banking Group had a return on equity of 8.46% and a net margin of 11.45%. Analysts expect 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. Stockholders of record on Friday, April 11th will be issued a dividend of $0.1035 per share. This represents a dividend yield of 4%. The ex-dividend date is Friday, April 11th. This is a positive change from Lloyds Banking Group's previous semi-annual dividend of $0.05. Lloyds Banking Group's dividend payout ratio is currently 60.61%.
Lloyds Banking Group Company Profile
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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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