Cresset Asset Management LLC Sells 173,782 Shares of Lloyds Banking Group plc (NYSE:LYG)

Cresset Asset Management LLC decreased its holdings in shares of Lloyds Banking Group plc (NYSE:LYG - Free Report) by 92.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,908 shares of the financial services provider's stock after selling 173,782 shares during the period. Cresset Asset Management LLC's holdings in Lloyds Banking Group were worth $41,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Apollon Wealth Management LLC grew its stake in shares of 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 worth $334,000 after acquiring an additional 3,346 shares during the last quarter. Independent Advisor Alliance raised its position in shares of Lloyds Banking Group by 4.8% in the 4th quarter. Independent Advisor Alliance now owns 75,049 shares of the financial services provider's stock worth $204,000 after purchasing an additional 3,420 shares during the last quarter. Rehmann Capital Advisory Group raised its position in shares of Lloyds Banking Group by 9.9% in the 4th quarter. Rehmann Capital Advisory Group now owns 38,339 shares of the financial services provider's stock worth $104,000 after purchasing an additional 3,451 shares during the last quarter. OneDigital Investment Advisors LLC raised its position in shares of Lloyds Banking Group by 3.5% in the 4th quarter. OneDigital Investment Advisors LLC now owns 109,799 shares of the financial services provider's stock worth $299,000 after purchasing an additional 3,728 shares during the last quarter. Finally, Brio Consultants LLC raised its position 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 worth $46,000 after purchasing an additional 3,880 shares during the last quarter. 2.15% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LYG has been the subject of several recent analyst reports. Keefe, Bruyette & Woods lowered Lloyds Banking Group from an "outperform" rating to a "market perform" rating in a research report on Tuesday, March 11th. HSBC raised Lloyds Banking Group from a "hold" rating to a "buy" rating in a research report on Tuesday, April 1st. Wall Street Zen raised Lloyds Banking Group from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. Morgan Stanley raised Lloyds Banking Group from an "equal weight" rating to an "overweight" rating in a research report on Tuesday, March 4th. Finally, Hsbc Global Res raised Lloyds Banking Group to a "strong-buy" rating in a research report on Thursday, March 20th. Seven equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Lloyds Banking Group has an average rating of "Hold".

Lloyds Banking Group Trading Up 0.2%

NYSE:LYG traded up $0.01 during mid-day trading on Friday, reaching $4.26. The company's stock had a trading volume of 25,733,721 shares, compared to its average volume of 17,836,608. Lloyds Banking Group plc has a 12-month low of $2.56 and a 12-month high of $4.28. The firm's fifty day moving average price is $3.82 and its two-hundred day moving average price is $3.28. The stock has a market cap of $64.46 billion, a P/E ratio of 12.91 and a beta of 0.97.

Lloyds Banking Group (NYSE:LYG - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The financial services provider reported $0.11 EPS for the quarter, beating the consensus estimate of $0.08 by $0.03. Lloyds Banking Group had a net margin of 11.45% and a return on equity of 8.46%. The firm had revenue of $5.91 billion during the quarter, compared to analyst estimates of $4.78 billion. Analysts predict that Lloyds Banking Group plc will post 0.27 earnings per share for the current fiscal year.

Lloyds Banking Group Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Friday, May 30th. Investors of record on Friday, April 11th will be paid a dividend of $0.1035 per share. The ex-dividend date is Friday, April 11th. This is an increase from Lloyds Banking Group's previous semi-annual dividend of $0.05. This represents a dividend yield of 4%. Lloyds Banking Group's payout ratio is 57.14%.

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.