Thomas White International Ltd. trimmed its holdings in shares of Lloyds Banking Group PLC (NYSE:LYG) by 4.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 862,692 shares of the financial services provider’s stock after selling 39,482 shares during the period. Thomas White International Ltd.’s holdings in Lloyds Banking Group were worth $2,769,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. PARK CIRCLE Co raised its stake in Lloyds Banking Group by 20.0% in the 4th quarter. PARK CIRCLE Co now owns 24,000 shares of the financial services provider’s stock valued at $61,000 after acquiring an additional 4,000 shares during the period. AMG National Trust Bank raised its stake in Lloyds Banking Group by 0.6% in the 1st quarter. AMG National Trust Bank now owns 781,151 shares of the financial services provider’s stock valued at $2,507,000 after acquiring an additional 4,415 shares during the period. Cetera Advisors LLC raised its stake in Lloyds Banking Group by 1.0% in the 4th quarter. Cetera Advisors LLC now owns 509,343 shares of the financial services provider’s stock valued at $1,305,000 after acquiring an additional 4,874 shares during the period. Cornerstone Advisors Inc. raised its stake in Lloyds Banking Group by 69.3% in the 1st quarter. Cornerstone Advisors Inc. now owns 13,935 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 5,702 shares during the period. Finally, Parallel Advisors LLC raised its stake in Lloyds Banking Group by 106.3% in the 1st quarter. Parallel Advisors LLC now owns 12,096 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 6,232 shares during the period. Institutional investors own 1.63% of the company’s stock.
LYG stock traded up $0.06 during mid-day trading on Tuesday, reaching $3.06. 356,193 shares of the company traded hands, compared to its average volume of 6,999,233. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 2.18. The firm has a market capitalization of $54.77 billion, a PE ratio of 2.31 and a beta of 1.04. Lloyds Banking Group PLC has a 52-week low of $2.43 and a 52-week high of $3.63.
Lloyds Banking Group (NYSE:LYG) last posted its earnings results on Wednesday, February 20th. The financial services provider reported $0.10 earnings per share for the quarter. The business had revenue of $5.87 billion during the quarter. Lloyds Banking Group had a return on equity of 14.38% and a net margin of 17.72%. On average, equities research analysts anticipate that Lloyds Banking Group PLC will post 0.45 EPS for the current fiscal year.
The business also recently announced a semiannual dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, April 5th will be issued a dividend of $0.1119 per share. This represents a yield of 7.02%. The ex-dividend date of this dividend is Thursday, April 4th.
A number of brokerages recently issued reports on LYG. Bank of America cut Lloyds Banking Group from a “buy” rating to an “underperform” rating in a research note on Thursday, April 18th. Zacks Investment Research cut Lloyds Banking Group from a “buy” rating to a “hold” rating in a research note on Saturday, April 27th. Goldman Sachs Group upgraded Lloyds Banking Group from a “sell” rating to a “neutral” rating in a research note on Monday, March 11th. Keefe, Bruyette & Woods upgraded Lloyds Banking Group from an “underperform” rating to an “outperform” rating in a research note on Thursday, January 24th. Finally, JPMorgan Chase & Co. restated a “buy” rating on shares of Lloyds Banking Group in a research note on Tuesday, January 22nd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $3.75.
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About Lloyds Banking Group
Lloyds Banking Group plc provides banking and financial services under the Lloyds Bank, Halifax, Bank of Scotland, and Scottish Widows brands in the United Kingdom and internationally. It operates through three segments: Retail, Commercial Banking, and Insurance and Wealth. The Retail segment offers a range of financial service products, including current accounts, savings accounts, mortgages, motor finance, unsecured consumer loans, leasing solutions, and credit cards to personal and small business customers.
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