Balyasny Asset Management L.P. Has $46,000 Stock Position in Lloyds Banking Group plc (NYSE:LYG)

Balyasny Asset Management L.P. lessened its position in shares of Lloyds Banking Group plc (NYSE:LYG) by 31.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 16,904 shares of the financial services provider’s stock after selling 7,847 shares during the quarter. Balyasny Asset Management L.P.’s holdings in Lloyds Banking Group were worth $46,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in LYG. Apollon Wealth Management LLC grew its position in shares of Lloyds Banking Group by 2.8% during the 4th quarter. Apollon Wealth Management LLC now owns 122,641 shares of the financial services provider’s stock worth $334,000 after buying an additional 3,346 shares during the period. Independent Advisor Alliance grew its holdings in Lloyds Banking Group by 4.8% in the fourth quarter. Independent Advisor Alliance now owns 75,049 shares of the financial services provider’s stock worth $204,000 after purchasing an additional 3,420 shares during the period. Rehmann Capital Advisory Group increased its stake in Lloyds Banking Group by 9.9% in the fourth quarter. Rehmann Capital Advisory Group now owns 38,339 shares of the financial services provider’s stock valued at $104,000 after purchasing an additional 3,451 shares in the last quarter. OneDigital Investment Advisors LLC raised its holdings in shares of Lloyds Banking Group by 3.5% during the fourth quarter. OneDigital Investment Advisors LLC now owns 109,799 shares of the financial services provider’s stock valued at $299,000 after purchasing an additional 3,728 shares during the period. Finally, Brio Consultants LLC boosted its position in shares of Lloyds Banking Group by 30.2% during the 4th quarter. Brio Consultants LLC now owns 16,735 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 3,880 shares in the last quarter. Institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Stock Up 2.8%

Shares of NYSE:LYG opened at $4.10 on Tuesday. The business’s 50 day moving average is $3.77 and its 200 day moving average is $3.25. Lloyds Banking Group plc has a 12-month low of $2.56 and a 12-month high of $4.11. The stock has a market cap of $62.04 billion, a price-to-earnings ratio of 12.42 and a beta of 0.97.

Lloyds Banking Group (NYSE:LYG) last posted its quarterly earnings data on Thursday, May 1st. The financial services provider reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. The firm had revenue of $5.91 billion for the quarter, compared to the consensus estimate of $4.78 billion. Lloyds Banking Group had a net margin of 11.45% and a return on equity of 8.46%. As a group, equities research analysts expect that Lloyds Banking Group plc will post 0.27 earnings per share for the current year.

Lloyds Banking Group Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, April 11th will be given a $0.1035 dividend. This represents a yield of 4%. This is an increase from Lloyds Banking Group’s previous semi-annual dividend of $0.05. The ex-dividend date of this dividend is Friday, April 11th. Lloyds Banking Group’s dividend payout ratio is presently 57.14%.

Analyst Ratings Changes

A number of research analysts recently weighed in on LYG shares. Keefe, Bruyette & Woods downgraded Lloyds Banking Group from an “outperform” rating to a “market perform” rating in a research note on Tuesday, March 11th. HSBC raised Lloyds Banking Group from a “hold” rating to a “buy” rating in a research report on Tuesday, April 1st. StockNews.com raised shares of Lloyds Banking Group from a “sell” rating to a “hold” rating in a research report on Tuesday, May 13th. Morgan Stanley upgraded shares of Lloyds Banking Group from an “equal weight” rating to an “overweight” rating in a report on Tuesday, March 4th. Finally, Hsbc Global Res upgraded shares of Lloyds Banking Group to a “strong-buy” rating in a report on Thursday, March 20th. Seven investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Lloyds Banking Group presently has a consensus rating of “Hold”.

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.