CreativeOne Wealth LLC Sells 4,676 Shares of Lloyds Banking Group plc (NYSE:LYG)

CreativeOne Wealth LLC decreased its holdings in Lloyds Banking Group plc (NYSE:LYG) by 10.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,305 shares of the financial services provider’s stock after selling 4,676 shares during the period. CreativeOne Wealth LLC’s holdings in Lloyds Banking Group were worth $104,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Crux Wealth Advisors purchased a new position in shares of Lloyds Banking Group during the fourth quarter worth approximately $28,000. Brentview Investment Management LLC purchased a new stake in shares of Lloyds Banking Group in the 4th quarter worth $31,000. Mesirow Financial Investment Management Inc. bought a new stake in shares of Lloyds Banking Group in the fourth quarter valued at about $32,000. SBI Securities Co. Ltd. bought a new position in Lloyds Banking Group during the 4th quarter worth about $34,000. Finally, Jackson Thornton Wealth Management LLC bought a new position in shares of Lloyds Banking Group during the fourth quarter valued at approximately $34,000. 2.15% of the stock is currently owned by institutional investors.

Lloyds Banking Group Stock Down 0.8 %

Lloyds Banking Group stock opened at $3.73 on Tuesday. Lloyds Banking Group plc has a 52 week low of $2.50 and a 52 week high of $3.91. The stock has a 50-day moving average price of $3.62 and a 200 day moving average price of $3.13. The company has a market capitalization of $56.66 billion, a price-to-earnings ratio of 11.30 and a beta of 0.95.

Lloyds Banking Group (NYSE:LYG) last issued its earnings results on Thursday, February 20th. The financial services provider reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts’ expectations of $4.76 billion. Research analysts anticipate that Lloyds Banking Group plc will post 0.27 EPS for the current fiscal year.

Lloyds Banking Group Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, April 11th will be paid a $0.1035 dividend. This is an increase from Lloyds Banking Group’s previous semi-annual dividend of $0.05. The ex-dividend date is Friday, April 11th. This represents a dividend yield of 4%. Lloyds Banking Group’s dividend payout ratio is presently 60.61%.

Wall Street Analyst Weigh In

LYG has been the topic of several recent research reports. Keefe, Bruyette & Woods cut Lloyds Banking Group from an “outperform” rating to a “market perform” rating in a research report on Tuesday, March 11th. Hsbc Global Res upgraded shares of Lloyds Banking Group to a “strong-buy” rating in a research note on Thursday, March 20th. HSBC raised Lloyds Banking Group from a “hold” rating to a “buy” rating in a research report on Tuesday, April 1st. Finally, Morgan Stanley upgraded Lloyds Banking Group from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, March 4th. Seven investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $2.75.

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.