OLD Mission Capital LLC Trims Holdings in Lloyds Banking Group plc (NYSE:LYG)

OLD Mission Capital LLC lowered its holdings in Lloyds Banking Group plc (NYSE:LYG) by 10.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 650,923 shares of the financial services provider’s stock after selling 77,064 shares during the quarter. OLD Mission Capital LLC’s holdings in Lloyds Banking Group were worth $1,771,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Apollon Wealth Management LLC increased its position in shares of Lloyds Banking Group by 2.8% during the fourth quarter. Apollon Wealth Management LLC now owns 122,641 shares of the financial services provider’s stock valued at $334,000 after buying an additional 3,346 shares during the period. Independent Advisor Alliance boosted its holdings in shares of Lloyds Banking Group by 4.8% during the 4th quarter. Independent Advisor Alliance now owns 75,049 shares of the financial services provider’s stock valued at $204,000 after buying an additional 3,420 shares in the last quarter. Brio Consultants LLC increased its stake 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 acquiring an additional 3,880 shares in the last quarter. Retirement Planning Co of New England Inc. lifted its position in Lloyds Banking Group by 24.3% during the 4th quarter. Retirement Planning Co of New England Inc. now owns 20,552 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 4,022 shares during the period. Finally, Fielder Capital Group LLC boosted its stake in Lloyds Banking Group by 7.7% during the fourth quarter. Fielder Capital Group LLC now owns 60,993 shares of the financial services provider’s stock worth $166,000 after acquiring an additional 4,366 shares in the last quarter. 2.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LYG has been the subject of several recent research reports. Hsbc Global Res upgraded shares of Lloyds Banking Group to a “strong-buy” rating in a report on Thursday, March 20th. Morgan Stanley raised Lloyds Banking Group from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, March 4th. Keefe, Bruyette & Woods lowered Lloyds Banking Group from an “outperform” rating to a “market perform” rating in a research report on Tuesday, March 11th. Finally, HSBC upgraded shares of Lloyds Banking Group from a “hold” rating to a “buy” rating in a research note on Tuesday. Seven research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Lloyds Banking Group presently has an average rating of “Moderate Buy” and an average target price of $2.75.

Lloyds Banking Group Price Performance

Lloyds Banking Group stock opened at $3.84 on Thursday. The business’s fifty day moving average is $3.47 and its 200 day moving average is $3.08. Lloyds Banking Group plc has a one year low of $2.42 and a one year high of $3.91. The stock has a market capitalization of $58.33 billion, a PE ratio of 11.64 and a beta of 1.25.

Lloyds Banking Group (NYSE:LYG) last issued its earnings results on Thursday, February 20th. The financial services provider reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.03). The company had revenue of $9.46 billion during 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%. As a group, sell-side analysts expect that Lloyds Banking Group plc will post 0.27 EPS for the current fiscal year.

Lloyds Banking Group Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Friday, May 30th. Investors of record on Friday, April 11th will be given a dividend of $0.1035 per share. This represents a yield of 4%. The ex-dividend date is Friday, April 11th. This is a boost from Lloyds Banking Group’s previous semi-annual dividend of $0.05. Lloyds Banking Group’s dividend payout ratio is 60.61%.

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.