Sei Investments Co. Reduces Holdings in Lloyds Banking Group plc (NYSE:LYG)
Other large investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in Lloyds Banking Group in the fourth quarter valued at $11,226,000. FMR LLC raised its holdings in Lloyds Banking Group by 14.7% in the 3rd quarter. FMR LLC now owns 19,280,034 shares of the financial services provider’s stock valued at $60,154,000 after buying an additional 2,472,263 shares during the period. JPMorgan Chase & Co. lifted its position in Lloyds Banking Group by 58.5% in the third quarter. JPMorgan Chase & Co. now owns 6,659,629 shares of the financial services provider’s stock valued at $20,778,000 after buying an additional 2,456,914 shares during the last quarter. Assetmark Inc. boosted its stake in Lloyds Banking Group by 3,120.8% during the fourth quarter. Assetmark Inc. now owns 640,202 shares of the financial services provider’s stock worth $1,741,000 after buying an additional 620,325 shares during the period. Finally, American Century Companies Inc. increased its position in shares of Lloyds Banking Group by 10.1% during the fourth quarter. American Century Companies Inc. now owns 6,611,908 shares of the financial services provider’s stock valued at $17,984,000 after acquiring an additional 604,924 shares during the last quarter. 2.15% of the stock is currently owned by institutional investors and hedge funds.
LYG has been the subject of a number of research analyst reports. Hsbc Global Res raised shares of Lloyds Banking Group to a “strong-buy” rating in a research report on Thursday, March 20th. Morgan Stanley upgraded Lloyds Banking Group from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, March 4th. Keefe, Bruyette & Woods cut Lloyds Banking Group from an “outperform” rating to a “market perform” rating in a research note on Tuesday, March 11th. Finally, HSBC raised Lloyds Banking Group from a “hold” rating to a “buy” rating in a research note on Tuesday, April 1st. Seven equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $2.75.
Check Out Our Latest Stock Report on LYG
Lloyds Banking Group stock opened at $3.39 on Friday. The firm has a market capitalization of $51.42 billion, a P/E ratio of 10.26 and a beta of 0.95. Lloyds Banking Group plc has a twelve month low of $2.42 and a twelve month high of $3.91. The stock’s fifty day simple moving average is $3.49 and its 200-day simple moving average is $3.08.
Lloyds Banking Group (NYSE:LYG – Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The financial services provider reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.03). The company had revenue of $9.46 billion for the quarter, compared to analysts’ expectations of $4.76 billion. Lloyds Banking Group had a return on equity of 8.46% and a net margin of 11.45%. Sell-side analysts predict that Lloyds Banking Group plc will post 0.27 earnings per share for the current year.
The company also recently disclosed a semi-annual dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, April 11th will be given a $0.1035 dividend. The ex-dividend date of this dividend 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 dividend payout ratio is currently 60.61%.
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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