Bbva Compass Bancshares Inc. cut its holdings in shares of Lloyds Banking Group PLC (NYSE:LYG) by 16.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 519,291 shares of the financial services provider’s stock after selling 101,987 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Lloyds Banking Group were worth $1,668,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Massey Quick Simon & CO. LLC acquired a new stake in Lloyds Banking Group during the first quarter valued at approximately $26,000. Webster Bank N. A. acquired a new stake in Lloyds Banking Group during the first quarter valued at approximately $28,000. Enlightenment Research LLC acquired a new stake in Lloyds Banking Group during the fourth quarter valued at approximately $25,000. Andesa Financial Management Inc. acquired a new stake in Lloyds Banking Group during the first quarter valued at approximately $32,000. Finally, Western Wealth Management LLC acquired a new stake in Lloyds Banking Group during the fourth quarter valued at approximately $27,000. 1.91% of the stock is owned by institutional investors and hedge funds.
LYG stock opened at $3.18 on Friday. Lloyds Banking Group PLC has a 52-week low of $2.43 and a 52-week high of $3.66. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 2.18. The company has a market cap of $56.94 billion, a PE ratio of 2.39 and a beta of 1.04.
Lloyds Banking Group (NYSE:LYG) last released its quarterly earnings results on Wednesday, February 20th. The financial services provider reported $0.10 earnings per share (EPS) for the quarter. Lloyds Banking Group had a net margin of 17.72% and a return on equity of 14.38%. The business had revenue of $5.87 billion for the quarter. Equities research analysts anticipate that Lloyds Banking Group PLC will post 0.45 EPS for the current fiscal year.
The company also recently declared a semiannual dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, April 5th will be issued a dividend of $0.1119 per share. The ex-dividend date is Thursday, April 4th. This represents a dividend yield of 7.02%.
Several analysts recently commented on the stock. Zacks Investment Research lowered shares of Lloyds Banking Group from a “buy” rating to a “hold” rating in a research note on Saturday, April 27th. Morgan Stanley upgraded shares of Lloyds Banking Group from an “equal” rating to a “weight” rating in a report on Monday, February 11th. Goldman Sachs Group upgraded shares of Lloyds Banking Group from a “sell” rating to a “neutral” rating in a report on Monday, March 11th. Keefe, Bruyette & Woods upgraded shares of Lloyds Banking Group from an “underperform” rating to an “outperform” rating in a report on Thursday, January 24th. Finally, Bank of America lowered shares of Lloyds Banking Group from a “buy” rating to an “underperform” rating in a report on Thursday, April 18th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Lloyds Banking Group presently has a consensus rating of “Hold” and a consensus target price of $3.75.
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About Lloyds Banking Group
Lloyds Banking Group plc provides banking and financial services under the Lloyds Bank, Halifax, Bank of Scotland, and Scottish Widows brands in the United Kingdom and internationally. It operates through three segments: Retail, Commercial Banking, and Insurance and Wealth. The Retail segment offers a range of financial service products, including current accounts, savings accounts, mortgages, motor finance, unsecured consumer loans, leasing solutions, and credit cards to personal and small business customers.
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