CarsonAllaria Wealth Management Ltd. Cuts Holdings in Lloyds Banking Group plc (NYSE:LYG)

CarsonAllaria Wealth Management Ltd. decreased its position in Lloyds Banking Group plc (NYSE:LYG) by 16.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 46,236 shares of the financial services provider’s stock after selling 8,776 shares during the period. CarsonAllaria Wealth Management Ltd.’s holdings in Lloyds Banking Group were worth $126,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LYG. Mondrian Investment Partners LTD increased its holdings in Lloyds Banking Group by 39.2% in the first quarter. Mondrian Investment Partners LTD now owns 89,948,537 shares of the financial services provider’s stock valued at $232,967,000 after buying an additional 25,351,270 shares in the last quarter. CIBC Private Wealth Group LLC increased its stake in shares of Lloyds Banking Group by 149.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 29,696,591 shares of the financial services provider’s stock worth $70,975,000 after purchasing an additional 17,814,615 shares in the last quarter. Morningstar Investment Services LLC increased its stake in shares of Lloyds Banking Group by 96.9% during the fourth quarter. Morningstar Investment Services LLC now owns 21,147,627 shares of the financial services provider’s stock worth $50,966,000 after purchasing an additional 10,406,673 shares in the last quarter. O Shaughnessy Asset Management LLC increased its stake in shares of Lloyds Banking Group by 195.8% during the first quarter. O Shaughnessy Asset Management LLC now owns 2,833,546 shares of the financial services provider’s stock worth $7,339,000 after purchasing an additional 1,875,688 shares in the last quarter. Finally, Natixis Advisors L.P. increased its stake in shares of Lloyds Banking Group by 34.8% during the fourth quarter. Natixis Advisors L.P. now owns 7,122,268 shares of the financial services provider’s stock worth $17,021,000 after purchasing an additional 1,840,413 shares in the last quarter. Hedge funds and other institutional investors own 2.15% of the company’s stock.

Wall Street Analyst Weigh In

LYG has been the subject of a number of research reports. BNP Paribas raised shares of Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a research note on Friday, July 5th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Lloyds Banking Group in a research note on Thursday, May 9th. They set a “buy” rating for the company. Citigroup cut shares of Lloyds Banking Group from a “buy” rating to a “neutral” rating in a research note on Monday, August 5th. UBS Group restated a “neutral” rating on shares of Lloyds Banking Group in a research report on Tuesday, July 30th. Finally, Berenberg Bank started coverage on shares of Lloyds Banking Group in a research report on Thursday, April 25th. They set a “hold” rating and a $2.75 price target on the stock. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $32.38.

Lloyds Banking Group Trading Down 2.3 %

NYSE:LYG traded down $0.07 on Tuesday, hitting $2.98. The stock had a trading volume of 8,171,616 shares, compared to its average volume of 9,259,042. The company has a quick ratio of 1.48, a current ratio of 1.45 and a debt-to-equity ratio of 1.89. The stock has a market cap of $46.58 billion, a price-to-earnings ratio of 7.84 and a beta of 1.35. The company has a fifty day moving average price of $2.90 and a two-hundred day moving average price of $2.66. Lloyds Banking Group plc has a 1-year low of $1.88 and a 1-year high of $3.13.

Lloyds Banking Group (NYSE:LYG) last released its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.09 earnings per share (EPS) for the quarter. The business had revenue of $9.55 billion for the quarter. Lloyds Banking Group had a net margin of 12.40% and a return on equity of 10.34%. Equities research analysts expect that Lloyds Banking Group plc will post 0.32 earnings per share for the current fiscal year.

Lloyds Banking Group Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Friday, September 20th. Stockholders of record on Monday, August 5th will be paid a $0.0546 dividend. This represents a dividend yield of 4.4%. This is an increase from Lloyds Banking Group’s previous semi-annual dividend of $0.05. The ex-dividend date is Monday, August 5th. Lloyds Banking Group’s payout ratio is 26.32%.

Lloyds Banking Group 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.