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

OLD Mission Capital LLC reduced its holdings in shares of Lloyds Banking Group plc (NYSE:LYG) by 10.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 institutional investors and hedge funds also recently bought and sold shares of the company. Brentview Investment Management LLC purchased a new stake in shares of Lloyds Banking Group during the fourth quarter worth $31,000. Mesirow Financial Investment Management Inc. purchased a new stake in Lloyds Banking Group during the 4th quarter worth about $32,000. SBI Securities Co. Ltd. bought a new position in Lloyds Banking Group in the 4th quarter worth about $34,000. Jackson Thornton Wealth Management LLC purchased a new position in Lloyds Banking Group during the 4th quarter valued at about $34,000. Finally, Simon Quick Advisors LLC bought a new stake in shares of Lloyds Banking Group during the fourth quarter valued at about $35,000. 2.15% of the stock is owned by institutional investors.

Lloyds Banking Group Price Performance

NYSE:LYG opened at $3.84 on Thursday. The company has a market capitalization of $58.33 billion, a price-to-earnings ratio of 11.64 and a beta of 1.25. Lloyds Banking Group plc has a 1-year low of $2.42 and a 1-year high of $3.91. The business has a 50 day moving average of $3.47 and a 200 day moving average of $3.08.

Lloyds Banking Group (NYSE:LYG) last issued its earnings results on Thursday, February 20th. The financial services provider reported $0.05 EPS for the quarter, missing 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 business had revenue of $9.46 billion during the quarter, compared to analysts’ expectations of $4.76 billion. As a group, sell-side analysts anticipate that Lloyds Banking Group plc will post 0.27 EPS for the current year.

Lloyds Banking Group Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, April 11th will be issued a $0.1035 dividend. 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. This represents a dividend yield of 4%. Lloyds Banking Group’s dividend payout ratio (DPR) is currently 60.61%.

Wall Street Analysts Forecast Growth

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

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.