Dimensional Fund Advisors LP trimmed its position in Lloyds Banking Group PLC (NYSE:LYG) by 5.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,810,510 shares of the financial services provider’s stock after selling 458,861 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Lloyds Banking Group were worth $29,339,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd bought a new position in Lloyds Banking Group in the first quarter valued at approximately $140,000. Sawtooth Solutions LLC boosted its position in Lloyds Banking Group by 71.8% in the second quarter. Sawtooth Solutions LLC now owns 48,231 shares of the financial services provider’s stock valued at $160,000 after buying an additional 20,165 shares in the last quarter. Private Advisor Group LLC boosted its position in Lloyds Banking Group by 332.8% in the second quarter. Private Advisor Group LLC now owns 56,289 shares of the financial services provider’s stock valued at $187,000 after buying an additional 43,282 shares in the last quarter. Summit Trail Advisors LLC boosted its position in Lloyds Banking Group by 320.9% in the first quarter. Summit Trail Advisors LLC now owns 106,838 shares of the financial services provider’s stock valued at $107,000 after buying an additional 81,456 shares in the last quarter. Finally, KCS Wealth Advisory acquired a new stake in Lloyds Banking Group in the second quarter valued at approximately $392,000. 2.55% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have weighed in on LYG. Zacks Investment Research upgraded shares of Lloyds Banking Group from a “sell” rating to a “hold” rating in a research report on Thursday, September 20th. JPMorgan Chase & Co. restated a “buy” rating on shares of Lloyds Banking Group in a research report on Tuesday, September 4th. Berenberg Bank upgraded shares of Lloyds Banking Group from a “sell” rating to a “hold” rating in a research report on Tuesday, September 4th. Jefferies Financial Group restated a “buy” rating on shares of Lloyds Banking Group in a research report on Tuesday, August 14th. Finally, Citigroup upgraded shares of Lloyds Banking Group from a “sell” rating to a “neutral” rating in a research report on Thursday, August 2nd. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. Lloyds Banking Group currently has a consensus rating of “Hold” and a consensus target price of $4.25.
Lloyds Banking Group (NYSE:LYG) last issued its quarterly earnings results on Tuesday, July 31st. The financial services provider reported $0.16 EPS for the quarter. The company had revenue of $4.32 billion for the quarter. Lloyds Banking Group had a net margin of 15.05% and a return on equity of 15.62%. Equities research analysts expect that Lloyds Banking Group PLC will post 0.4 EPS for the current fiscal year.
The firm also recently declared a Semi-Annual dividend, which will be paid on Tuesday, October 9th. Stockholders of record on Friday, August 17th will be issued a dividend of $0.056 per share. The ex-dividend date is Thursday, August 16th. This is a positive change from Lloyds Banking Group’s previous Semi-Annual dividend of $0.05. Lloyds Banking Group’s payout ratio is 20.00%.
Lloyds Banking Group Company Profile
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. The company 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, and unsecured consumer lending products to personal and small business customers.
Featured Article: What is the Dividend Aristocrat Index?
Want to see what other hedge funds are holding LYG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lloyds Banking Group PLC (NYSE:LYG).
Receive News & Ratings for Lloyds Banking Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lloyds Banking Group and related companies with MarketBeat.com's FREE daily email newsletter.