U.S. Capital Wealth Advisors LLC Sells 10,000 Shares of Lloyds Banking Group plc (NYSE:LYG)

U.S. Capital Wealth Advisors LLC trimmed its holdings in shares of Lloyds Banking Group plc (NYSE:LYG) by 33.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,000 shares of the financial services provider’s stock after selling 10,000 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Lloyds Banking Group were worth $48,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Kestra Private Wealth Services LLC grew its position in Lloyds Banking Group by 29.7% during the 4th quarter. Kestra Private Wealth Services LLC now owns 21,006 shares of the financial services provider’s stock worth $50,000 after acquiring an additional 4,813 shares during the last quarter. Lake Street Advisors Group LLC increased its stake in shares of Lloyds Banking Group by 10.0% in the third quarter. Lake Street Advisors Group LLC now owns 54,118 shares of the financial services provider’s stock worth $115,000 after buying an additional 4,915 shares during the period. Stratos Wealth Partners LTD. raised its holdings in Lloyds Banking Group by 22.1% during the 4th quarter. Stratos Wealth Partners LTD. now owns 28,485 shares of the financial services provider’s stock valued at $68,000 after buying an additional 5,152 shares during the last quarter. Allworth Financial LP boosted its position in Lloyds Banking Group by 36.4% during the 4th quarter. Allworth Financial LP now owns 21,032 shares of the financial services provider’s stock valued at $50,000 after buying an additional 5,609 shares during the period. Finally, Optas LLC grew its holdings in Lloyds Banking Group by 13.5% in the 3rd quarter. Optas LLC now owns 47,374 shares of the financial services provider’s stock worth $101,000 after acquiring an additional 5,636 shares during the last quarter. 2.15% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Berenberg Bank started coverage on shares of Lloyds Banking Group in a report on Thursday, April 25th. They set a “hold” rating and a $2.75 target price for the company. Bank of America upgraded Lloyds Banking Group from a “neutral” rating to a “buy” rating in a research report on Thursday, March 21st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $52.55.

Lloyds Banking Group Stock Up 0.8 %

Shares of NYSE:LYG opened at $2.67 on Thursday. The firm has a market capitalization of $42.53 billion, a P/E ratio of 7.03, a P/E/G ratio of 1.09 and a beta of 1.29. The stock has a 50 day moving average price of $2.53 and a 200-day moving average price of $2.30. Lloyds Banking Group plc has a 52-week low of $1.88 and a 52-week high of $2.72. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.48 and a current ratio of 1.48.

Lloyds Banking Group (NYSE:LYG) last posted its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $0.09 earnings per share for the quarter. Lloyds Banking Group had a return on equity of 10.35% and a net margin of 13.41%. The company had revenue of $14.35 billion during the quarter. As a group, equities research analysts anticipate that Lloyds Banking Group plc will post 0.32 EPS for the current fiscal year.

Lloyds Banking Group Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Friday, May 31st. Investors of record on Friday, April 12th will be given a dividend of $0.046 per share. This represents a yield of 5.9%. The ex-dividend date is Thursday, April 11th. Lloyds Banking Group’s dividend payout ratio (DPR) is 47.37%.

About Lloyds Banking Group

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.