Lloyds Banking Group plc (NYSE:LYG) Shares Sold by Perigon Wealth Management LLC

Perigon Wealth Management LLC cut its holdings in Lloyds Banking Group plc (NYSE:LYG) by 10.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,691 shares of the financial services provider’s stock after selling 5,585 shares during the quarter. Perigon Wealth Management LLC’s holdings in Lloyds Banking Group were worth $112,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the stock. Sapient Capital LLC purchased a new stake in Lloyds Banking Group during the 4th quarter worth about $195,000. Cerity Partners LLC grew its holdings in shares of Lloyds Banking Group by 76.5% during the fourth quarter. Cerity Partners LLC now owns 205,484 shares of the financial services provider’s stock worth $491,000 after buying an additional 89,059 shares in the last quarter. Optas LLC raised its position in shares of Lloyds Banking Group by 27.7% in the fourth quarter. Optas LLC now owns 60,474 shares of the financial services provider’s stock valued at $145,000 after buying an additional 13,100 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of Lloyds Banking Group by 457.9% during the fourth quarter. Sequoia Financial Advisors LLC now owns 330,631 shares of the financial services provider’s stock valued at $790,000 after buying an additional 271,372 shares during the period. Finally, BSW Wealth Partners boosted its position in Lloyds Banking Group by 13.9% during the fourth quarter. BSW Wealth Partners now owns 95,247 shares of the financial services provider’s stock worth $228,000 after acquiring an additional 11,636 shares during the last quarter. 2.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Bank of America upgraded Lloyds Banking Group from a “neutral” rating to a “buy” rating in a report on Thursday, March 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $64.17.

Lloyds Banking Group Trading Up 0.8 %

Shares of LYG stock opened at $2.51 on Friday. Lloyds Banking Group plc has a 1-year low of $1.88 and a 1-year high of $2.72. The firm’s 50-day simple moving average is $2.42 and its 200-day simple moving average is $2.25. The firm has a market cap of $39.98 billion, a P/E ratio of 6.28, a PEG ratio of 1.01 and a beta of 1.32. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.48 and a quick ratio of 1.48.

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

Lloyds Banking Group Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Friday, May 31st. Shareholders 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 presently 45.00%.

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.