Lloyds Banking Group plc (NYSE:LYG) Stock Position Lessened by Mondrian Investment Partners LTD

Mondrian Investment Partners LTD lessened its stake in shares of Lloyds Banking Group plc (NYSE:LYG) by 16.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 74,716,427 shares of the financial services provider’s stock after selling 15,232,110 shares during the quarter. Lloyds Banking Group comprises about 3.6% of Mondrian Investment Partners LTD’s investment portfolio, making the stock its 2nd biggest holding. Mondrian Investment Partners LTD owned 0.48% of Lloyds Banking Group worth $226,391,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Lloyds Banking Group by 18.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 541,625 shares of the financial services provider’s stock worth $1,475,000 after buying an additional 84,403 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Lloyds Banking Group by 10.9% in the second quarter. Mercer Global Advisors Inc. ADV now owns 1,000,521 shares of the financial services provider’s stock worth $2,731,000 after buying an additional 98,652 shares during the last quarter. Wealth Alliance purchased a new position in shares of Lloyds Banking Group in the second quarter worth approximately $135,000. Angeles Investment Advisors LLC boosted its holdings in shares of Lloyds Banking Group by 38.6% in the second quarter. Angeles Investment Advisors LLC now owns 15,290 shares of the financial services provider’s stock worth $42,000 after buying an additional 4,262 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Lloyds Banking Group by 49.6% in the second quarter. Envestnet Asset Management Inc. now owns 8,577,101 shares of the financial services provider’s stock worth $23,415,000 after buying an additional 2,841,956 shares during 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 topic of a number of research reports. Kepler Capital Markets started coverage on shares of Lloyds Banking Group in a report on Thursday, September 5th. They issued a “hold” rating on the stock. Royal Bank of Canada cut shares of Lloyds Banking Group from an “outperform” rating to a “sector perform” rating in a research note on Friday, July 26th. BNP Paribas upgraded shares of Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a research note on Friday, July 5th. UBS Group restated a “neutral” rating on shares of Lloyds Banking Group in a research note on Tuesday, July 30th. Finally, Citigroup cut shares of Lloyds Banking Group from a “buy” rating to a “neutral” rating in a research note on Monday, August 5th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Lloyds Banking Group presently has a consensus rating of “Hold” and a consensus target price of $32.38.

Lloyds Banking Group Trading Down 1.3 %

Lloyds Banking Group stock opened at $3.04 on Wednesday. The stock has a market cap of $47.51 billion, a P/E ratio of 8.00 and a beta of 1.35. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.45 and a quick ratio of 1.48. Lloyds Banking Group plc has a 1 year low of $1.88 and a 1 year high of $3.14. The firm’s 50 day moving average price is $2.99 and its 200-day moving average price is $2.78.

Lloyds Banking Group (NYSE:LYG) last released its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.09 earnings per share (EPS) for the quarter. The firm 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%. On average, equities analysts predict 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 disclosed a semi-annual dividend, which will be paid on Friday, September 20th. Stockholders of record on Monday, August 5th will be given a dividend of $0.0546 per share. The ex-dividend date is Monday, August 5th. This represents a dividend yield of 4.4%. This is a boost from Lloyds Banking Group’s previous semi-annual dividend of $0.05. Lloyds Banking Group’s dividend payout ratio (DPR) is presently 26.32%.

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.