CarsonAllaria Wealth Management Ltd. Decreases Position in Lloyds Banking Group plc (NYSE:LYG)

CarsonAllaria Wealth Management Ltd. reduced its stake in shares of Lloyds Banking Group plc (NYSE:LYG) by 9.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,810 shares of the financial services provider’s stock after selling 4,426 shares during the quarter. CarsonAllaria Wealth Management Ltd.’s holdings in Lloyds Banking Group were worth $130,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mondrian Investment Partners LTD increased its position in Lloyds Banking Group by 39.2% during the first quarter. Mondrian Investment Partners LTD now owns 89,948,537 shares of the financial services provider’s stock worth $232,967,000 after buying an additional 25,351,270 shares during the period. Clearbridge Investments LLC acquired a new position in shares of Lloyds Banking Group in the 2nd quarter valued at $36,252,000. Envestnet Asset Management Inc. raised its position in Lloyds Banking Group by 49.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 8,577,101 shares of the financial services provider’s stock valued at $23,415,000 after purchasing an additional 2,841,956 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in Lloyds Banking Group by 195.8% during the 1st 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 during the period. Finally, Raymond James & Associates grew its position in Lloyds Banking Group by 114.5% during the 2nd quarter. Raymond James & Associates now owns 2,487,006 shares of the financial services provider’s stock worth $6,790,000 after purchasing an additional 1,327,589 shares during the last quarter. Institutional investors and hedge funds own 2.15% of the company’s stock.

Analyst Ratings Changes

LYG has been the subject of several recent research reports. UBS Group reiterated a “neutral” rating on shares of Lloyds Banking Group in a research note on Tuesday, July 30th. Royal Bank of Canada lowered Lloyds Banking Group from an “outperform” rating to a “sector perform” rating in a report on Friday, July 26th. The Goldman Sachs Group assumed coverage on Lloyds Banking Group in a report on Friday, October 4th. They set a “neutral” 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. Finally, Kepler Capital Markets initiated coverage on shares of Lloyds Banking Group in a research note on Thursday, September 5th. They issued a “hold” rating for the company. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Lloyds Banking Group has a consensus rating of “Hold” and a consensus target price of $2.75.

Lloyds Banking Group Stock Performance

NYSE:LYG traded down $0.03 during mid-day trading on Monday, reaching $3.19. The stock had a trading volume of 3,439,920 shares, compared to its average volume of 9,517,843. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.48 and a current ratio of 1.45. The firm has a market capitalization of $49.86 billion, a price-to-earnings ratio of 8.47 and a beta of 1.34. Lloyds Banking Group plc has a twelve month low of $1.88 and a twelve month high of $3.22. The business has a 50 day simple moving average of $3.06 and a 200 day simple moving average of $2.87.

Lloyds Banking Group (NYSE:LYG) last announced its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.09 EPS for the quarter. Lloyds Banking Group had a net margin of 12.40% and a return on equity of 10.34%. The firm had revenue of $9.55 billion during the quarter. On average, 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 disclosed a semi-annual dividend, which was paid on Friday, September 20th. Investors of record on Monday, August 5th were given a dividend of $0.0546 per share. This is an increase from Lloyds Banking Group’s previous semi-annual dividend of $0.05. This represents a dividend yield of 4.4%. The ex-dividend date of this dividend was Monday, August 5th. Lloyds Banking Group’s payout ratio is currently 26.32%.

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.