Northwestern Mutual Wealth Management Co. Sells 61,680 Shares of Lloyds Banking Group PLC $LYG

Northwestern Mutual Wealth Management Co. decreased its position in Lloyds Banking Group PLC (NYSE:LYG - Free Report) by 36.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 109,796 shares of the financial services provider's stock after selling 61,680 shares during the quarter. Northwestern Mutual Wealth Management Co.'s holdings in Lloyds Banking Group were worth $419,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Focus Partners Wealth bought a new stake in Lloyds Banking Group during the fourth quarter worth approximately $31,000. Advisor Resource Council bought a new stake in Lloyds Banking Group during the first quarter worth approximately $37,000. Earned Wealth Advisors LLC bought a new stake in Lloyds Banking Group during the first quarter worth approximately $38,000. SYM FINANCIAL Corp bought a new stake in Lloyds Banking Group during the first quarter worth approximately $40,000. Finally, Rainey & Randall Wealth Advisors Inc. bought a new stake in Lloyds Banking Group during the first quarter worth approximately $41,000. Institutional investors own 2.15% of the company's stock.

Lloyds Banking Group Stock Performance

Shares of NYSE LYG traded down $0.04 during trading hours on Friday, reaching $4.35. The stock had a trading volume of 11,651,059 shares, compared to its average volume of 6,901,467. The business's fifty day moving average is $4.32 and its two-hundred day moving average is $4.03. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.44 and a quick ratio of 0.53. The company has a market cap of $65.03 billion, a price-to-earnings ratio of 10.86, a PEG ratio of 0.67 and a beta of 1.05. Lloyds Banking Group PLC has a twelve month low of $2.56 and a twelve month high of $4.62.

Lloyds Banking Group (NYSE:LYG - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $6.13 billion during the quarter, compared to analyst estimates of $4.86 billion. As a group, research analysts expect that Lloyds Banking Group PLC will post 0.27 EPS 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 given a $0.0655 dividend. This represents a yield of 370.0%. The ex-dividend date is Monday, August 4th. Lloyds Banking Group's dividend payout ratio (DPR) is presently 32.50%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Morgan Stanley reaffirmed an "overweight" rating on shares of Lloyds Banking Group in a research report on Monday, August 4th. The Goldman Sachs Group raised Lloyds Banking Group from a "neutral" rating to a "buy" rating in a research report on Tuesday, August 5th. Royal Bank Of Canada raised Lloyds Banking Group from a "sector perform" rating to an "outperform" rating in a research report on Monday, August 4th. Wall Street Zen cut Lloyds Banking Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Finally, Keefe, Bruyette & Woods raised Lloyds Banking Group from a "hold" rating to a "moderate buy" rating in a research report on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy".

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.