CIBC Private Wealth Group LLC Has $32.85 Million Position in Lloyds Banking Group plc (NYSE:LYG)

CIBC Private Wealth Group LLC lessened its position in Lloyds Banking Group plc (NYSE:LYG) by 1.3% during the 4th quarter, Holdings Channel reports. The firm owned 12,395,541 shares of the financial services provider’s stock after selling 159,641 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Lloyds Banking Group were worth $32,848,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Arrowstreet Capital Limited Partnership lifted its holdings in Lloyds Banking Group by 11.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 26,669,053 shares of the financial services provider’s stock valued at $72,540,000 after purchasing an additional 2,713,559 shares during the last quarter. FMR LLC raised its stake in shares of Lloyds Banking Group by 14.7% in the third quarter. FMR LLC now owns 19,280,034 shares of the financial services provider’s stock valued at $60,154,000 after acquiring an additional 2,472,263 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Lloyds Banking Group by 58.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,659,629 shares of the financial services provider’s stock worth $20,778,000 after acquiring an additional 2,456,914 shares in the last quarter. American Century Companies Inc. grew its position in Lloyds Banking Group by 10.1% during the 4th quarter. American Century Companies Inc. now owns 6,611,908 shares of the financial services provider’s stock worth $17,984,000 after acquiring an additional 604,924 shares during the last quarter. Finally, First Eagle Investment Management LLC increased its holdings in Lloyds Banking Group by 2.8% during the 4th quarter. First Eagle Investment Management LLC now owns 5,601,459 shares of the financial services provider’s stock valued at $15,236,000 after purchasing an additional 150,178 shares in the last quarter. Institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Trading Down 1.2 %

Shares of NYSE:LYG opened at $3.84 on Monday. Lloyds Banking Group plc has a 1-year low of $2.42 and a 1-year high of $3.91. The stock has a market capitalization of $58.25 billion, a P/E ratio of 11.62 and a beta of 1.25. The business has a 50-day moving average price of $3.42 and a two-hundred day moving average price of $3.06.

Lloyds Banking Group (NYSE:LYG) last posted its quarterly earnings results on Thursday, February 20th. The financial services provider reported $0.05 earnings per share 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 for the quarter, compared to the consensus estimate of $4.76 billion. As a group, equities analysts predict that Lloyds Banking Group plc will post 0.27 EPS for the current year.

Lloyds Banking Group Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, April 11th will be given a $0.1035 dividend. This is a positive change from Lloyds Banking Group’s previous semi-annual dividend of $0.05. This represents a dividend yield of 4%. The ex-dividend date is Friday, April 11th. Lloyds Banking Group’s dividend payout ratio (DPR) is currently 60.61%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on LYG. Hsbc Global Res upgraded Lloyds Banking Group to a “strong-buy” rating in a report on Thursday, March 20th. Morgan Stanley raised shares of Lloyds Banking Group from an “equal weight” rating to an “overweight” rating in a report on Tuesday, March 4th. Finally, 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. Seven investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Lloyds Banking Group has an average rating of “Hold” and a consensus target price of $2.75.

Lloyds Banking Group 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.