Cetera Investment Advisers trimmed its position in shares of Lloyds Banking Group PLC (NYSE:LYG - Free Report) by 8.8% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,129,738 shares of the financial services provider's stock after selling 108,782 shares during the quarter. Cetera Investment Advisers' holdings in Lloyds Banking Group were worth $4,316,000 as of its most recent filing with the SEC.
Several other large investors have also recently made changes to their positions in LYG. Norges Bank purchased a new stake in shares of Lloyds Banking Group during the fourth quarter worth approximately $5,440,000. Headlands Technologies LLC purchased a new stake in shares of Lloyds Banking Group during the fourth quarter worth approximately $53,000. Huntington National Bank increased its position in shares of Lloyds Banking Group by 282.7% during the fourth quarter. Huntington National Bank now owns 13,787 shares of the financial services provider's stock worth $38,000 after purchasing an additional 10,184 shares in the last quarter. Pitcairn Co. increased its position in shares of Lloyds Banking Group by 6.9% during the fourth quarter. Pitcairn Co. now owns 77,115 shares of the financial services provider's stock worth $210,000 after purchasing an additional 5,003 shares in the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC purchased a new stake in shares of Lloyds Banking Group during the fourth quarter worth approximately $579,000. 2.15% of the stock is currently owned by hedge funds and other institutional investors.
Lloyds Banking Group Stock Performance
Shares of Lloyds Banking Group stock opened at $4.38 on Monday. Lloyds Banking Group PLC has a 52 week low of $2.56 and a 52 week high of $4.44. The business's fifty day simple moving average is $4.19 and its 200-day simple moving average is $3.80. The firm has a market cap of $65.73 billion, a PE ratio of 10.95, a price-to-earnings-growth ratio of 0.69 and a beta of 1.05. The company has a quick ratio of 0.53, a current ratio of 1.44 and a debt-to-equity ratio of 1.68.
Lloyds Banking Group (NYSE:LYG - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The financial services provider reported $0.14 EPS for the quarter, beating the consensus estimate of $0.10 by $0.04. Lloyds Banking Group had a return on equity of 9.28% and a net margin of 17.51%. The business had revenue of $6.13 billion for the quarter, compared to analyst estimates of $4.86 billion. Equities analysts forecast that Lloyds Banking Group PLC will post 0.27 earnings per share for the current year.
Lloyds Banking Group Cuts Dividend
The company also recently disclosed a semi-annual dividend, which will be paid on Friday, September 19th. Investors of record on Monday, August 4th will be issued a $0.0655 dividend. This represents a dividend yield of 370.0%. The ex-dividend date is Monday, August 4th. Lloyds Banking Group's payout ratio is currently 55.00%.
Analyst Ratings Changes
A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. raised Lloyds Banking Group from an "underweight" rating to a "neutral" rating in a research note on Friday. Wall Street Zen raised Lloyds Banking Group from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Finally, Keefe, Bruyette & Woods raised Lloyds Banking Group from a "hold" rating to a "moderate buy" rating in a research note on Thursday, July 17th. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy".
Check Out Our Latest Analysis on LYG
About Lloyds Banking Group
(
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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