Valeo Financial Advisors LLC Has $95,000 Stake in Lloyds Banking Group plc (NYSE:LYG)

Valeo Financial Advisors LLC decreased its position in shares of Lloyds Banking Group plc (NYSE:LYG) by 23.8% during the 4th quarter, HoldingsChannel reports. The fund owned 39,871 shares of the financial services provider’s stock after selling 12,469 shares during the period. Valeo Financial Advisors LLC’s holdings in Lloyds Banking Group were worth $95,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Jane Street Group LLC raised its position in Lloyds Banking Group by 10.9% during the 4th quarter. Jane Street Group LLC now owns 35,079,795 shares of the financial services provider’s stock worth $77,176,000 after purchasing an additional 3,449,866 shares during the last quarter. Mondrian Investment Partners LTD raised its position in Lloyds Banking Group by 8.7% during the 3rd quarter. Mondrian Investment Partners LTD now owns 29,131,456 shares of the financial services provider’s stock worth $62,050,000 after purchasing an additional 2,336,000 shares during the last quarter. Macquarie Group Ltd. raised its position in Lloyds Banking Group by 0.9% during the 1st quarter. Macquarie Group Ltd. now owns 27,050,491 shares of the financial services provider’s stock worth $62,757,000 after purchasing an additional 236,934 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Lloyds Banking Group by 6.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 18,613,240 shares of the financial services provider’s stock worth $37,971,000 after purchasing an additional 1,119,332 shares during the last quarter. Finally, FMR LLC raised its position in Lloyds Banking Group by 3.9% during the 1st quarter. FMR LLC now owns 16,808,510 shares of the financial services provider’s stock worth $38,996,000 after purchasing an additional 635,339 shares during the last quarter. 2.15% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Bank of America raised Lloyds Banking Group from a “neutral” rating to a “buy” rating in a research report on Thursday, March 21st. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $64.17.

Lloyds Banking Group Stock Performance

LYG stock opened at $2.45 on Wednesday. Lloyds Banking Group plc has a 1-year low of $1.88 and a 1-year high of $2.72. The firm has a market cap of $38.95 billion, a PE ratio of 6.11, a price-to-earnings-growth ratio of 1.01 and a beta of 1.32. The stock has a 50-day moving average price of $2.41 and a 200-day moving average price of $2.25. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 1.81.

Lloyds Banking Group (NYSE:LYG) last issued its earnings results on Thursday, February 22nd. The financial services provider reported $0.11 EPS for the quarter. Lloyds Banking Group had a return on equity of 11.29% and a net margin of 17.97%. The business had revenue of $19.05 billion during the quarter. As a group, equities research analysts expect that Lloyds Banking Group plc will post 0.32 earnings per share for the current year.

Lloyds Banking Group Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, May 31st. Investors of record on Friday, April 12th will be given a $0.046 dividend. This represents a yield of 5.9%. The ex-dividend date of this dividend is Thursday, April 11th. Lloyds Banking Group’s payout ratio is 45.00%.

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.