M&T Bank Corp decreased its stake in Lloyds Banking Group (NYSE:LYG) by 2.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 625,102 shares of the financial services provider’s stock after selling 18,074 shares during the quarter. M&T Bank Corp’s holdings in Lloyds Banking Group were worth $2,325,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in LYG. Flagship Harbor Advisors LLC acquired a new stake in shares of Lloyds Banking Group in the fourth quarter valued at about $132,000. Dorsey & Whitney Trust CO LLC grew its position in shares of Lloyds Banking Group by 144.4% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 35,688 shares of the financial services provider’s stock valued at $133,000 after purchasing an additional 21,084 shares during the period. Lake Street Advisors Group LLC acquired a new stake in shares of Lloyds Banking Group in the fourth quarter valued at about $134,000. HighPoint Advisor Group LLC acquired a new stake in shares of Lloyds Banking Group in the fourth quarter valued at about $142,000. Finally, Icon Wealth Partners LLC acquired a new stake in shares of Lloyds Banking Group in the fourth quarter valued at about $143,000. Institutional investors and hedge funds own 2.40% of the company’s stock.
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Lloyds Banking Group opened at $3.55 on Thursday, Marketbeat.com reports. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.84. The stock has a market capitalization of $64.86 billion, a PE ratio of 6.10 and a beta of 0.87. Lloyds Banking Group has a twelve month low of $3.55 and a twelve month high of $3.57.
Lloyds Banking Group (NYSE:LYG) last posted its quarterly earnings results on Tuesday, February 20th. The financial services provider reported $0.13 earnings per share for the quarter. The firm had revenue of $12.88 billion for the quarter. Lloyds Banking Group had a net margin of 12.81% and a return on equity of 19.07%. research analysts anticipate that Lloyds Banking Group will post 0.5 earnings per share for the current year.
The firm also recently declared a semiannual dividend, which will be paid on Friday, June 8th. Stockholders of record on Friday, April 20th will be paid a $0.1141 dividend. This is an increase from Lloyds Banking Group’s previous semiannual dividend of $0.08. This represents a dividend yield of 6.01%. The ex-dividend date is Thursday, April 19th. Lloyds Banking Group’s dividend payout ratio (DPR) is currently 41.82%.
LYG has been the topic of several research analyst reports. Exane BNP Paribas lowered shares of Lloyds Banking Group from an “outperform” rating to a “neutral” rating in a research report on Monday, March 5th. JPMorgan Chase reiterated a “buy” rating on shares of Lloyds Banking Group in a research report on Thursday, February 1st. Deutsche Bank reissued a “buy” rating on shares of Lloyds Banking Group in a research note on Friday, February 9th. BNP Paribas downgraded shares of Lloyds Banking Group from an “outperform” rating to a “neutral” rating in a research note on Tuesday, March 6th. Finally, UBS reissued a “buy” rating on shares of Lloyds Banking Group in a research note on Tuesday, April 24th. Four analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $4.25.
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.
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