Lloyds Banking Group plc (NYSE:LYG) Stock Holdings Decreased by Ellevest Inc.

Ellevest Inc. decreased its stake in shares of Lloyds Banking Group plc (NYSE:LYG) by 17.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 233,580 shares of the financial services provider’s stock after selling 50,916 shares during the period. Ellevest Inc.’s holdings in Lloyds Banking Group were worth $635,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of LYG. Brookstone Capital Management raised its stake in Lloyds Banking Group by 29.0% during the fourth quarter. Brookstone Capital Management now owns 48,910 shares of the financial services provider’s stock worth $133,000 after acquiring an additional 10,981 shares during the period. Cooper Financial Group grew its stake in Lloyds Banking Group by 33.2% during the 4th quarter. Cooper Financial Group now owns 22,448 shares of the financial services provider’s stock worth $61,000 after buying an additional 5,597 shares during the last quarter. Traveka Wealth LLC acquired a new stake in Lloyds Banking Group in the fourth quarter worth $76,000. Wallace Advisory Group LLC lifted its stake in Lloyds Banking Group by 93.3% in the fourth quarter. Wallace Advisory Group LLC now owns 40,709 shares of the financial services provider’s stock valued at $111,000 after buying an additional 19,654 shares during the last quarter. Finally, Park Avenue Securities LLC boosted its holdings in shares of Lloyds Banking Group by 15.9% during the fourth quarter. Park Avenue Securities LLC now owns 288,877 shares of the financial services provider’s stock valued at $786,000 after acquiring an additional 39,685 shares during the period. 2.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

LYG has been the topic of several recent research reports. StockNews.com downgraded shares of Lloyds Banking Group from a “hold” rating to a “sell” rating in a research report on Monday, May 5th. Morgan Stanley raised Lloyds Banking Group from an “equal weight” rating to an “overweight” rating in a report on Tuesday, March 4th. HSBC raised Lloyds Banking Group from a “hold” rating to a “buy” rating in a report on Tuesday, April 1st. Hsbc Global Res upgraded Lloyds Banking Group to a “strong-buy” rating in a research report on Thursday, March 20th. Finally, Keefe, Bruyette & Woods cut Lloyds Banking Group from an “outperform” rating to a “market perform” rating in a research note on Tuesday, March 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Lloyds Banking Group Stock Performance

Shares of NYSE LYG opened at $3.88 on Friday. Lloyds Banking Group plc has a 1 year low of $2.56 and a 1 year high of $4.00. The firm has a market cap of $58.71 billion, a P/E ratio of 11.76 and a beta of 0.97. The stock has a fifty day moving average price of $3.74 and a two-hundred day moving average price of $3.20.

Lloyds Banking Group (NYSE:LYG) last released its earnings results on Thursday, May 1st. The financial services provider reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. Lloyds Banking Group had a return on equity of 8.46% and a net margin of 11.45%. The firm had revenue of $5.91 billion for the quarter, compared to analyst estimates of $4.78 billion. On average, research 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 firm also recently announced a semi-annual dividend, which will be paid on Friday, May 30th. Investors of record on Friday, April 11th will be issued a dividend of $0.1035 per share. This represents a yield of 4%. This is a boost from Lloyds Banking Group’s previous semi-annual dividend of $0.05. The ex-dividend date of this dividend is Friday, April 11th. Lloyds Banking Group’s dividend payout ratio (DPR) is presently 57.14%.

About Lloyds Banking Group

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.