Hsbc Holdings PLC Has $170,000 Stock Position in Lloyds Banking Group PLC $LYG

Hsbc Holdings PLC trimmed its position in Lloyds Banking Group PLC (NYSE:LYG) by 13.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,339 shares of the financial services provider’s stock after selling 6,598 shares during the quarter. Hsbc Holdings PLC’s holdings in Lloyds Banking Group were worth $170,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jackson Thornton Wealth Management LLC increased its position in Lloyds Banking Group by 20.4% in the first quarter. Jackson Thornton Wealth Management LLC now owns 15,168 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 2,573 shares during the period. Perigon Wealth Management LLC increased its position in Lloyds Banking Group by 4.5% in the first quarter. Perigon Wealth Management LLC now owns 61,411 shares of the financial services provider’s stock worth $235,000 after purchasing an additional 2,617 shares during the period. Mutual Advisors LLC increased its position in Lloyds Banking Group by 27.2% in the first quarter. Mutual Advisors LLC now owns 12,916 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 2,758 shares during the period. SBI Securities Co. Ltd. increased its position in Lloyds Banking Group by 22.1% in the first quarter. SBI Securities Co. Ltd. now owns 15,369 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 2,784 shares during the period. Finally, Crumly & Associates Inc. increased its position in Lloyds Banking Group by 8.7% in the first quarter. Crumly & Associates Inc. now owns 36,162 shares of the financial services provider’s stock worth $138,000 after purchasing an additional 2,884 shares during the period. 2.15% of the stock is currently owned by institutional investors and hedge funds.

Lloyds Banking Group Trading Down 0.8%

NYSE:LYG opened at $4.35 on Friday. Lloyds Banking Group PLC has a fifty-two week low of $2.56 and a fifty-two week high of $4.62. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.44 and a quick ratio of 0.53. The stock has a market capitalization of $65.03 billion, a PE ratio of 10.86, a price-to-earnings-growth ratio of 0.67 and a beta of 1.05. The business’s 50-day simple moving average is $4.32 and its 200-day simple moving average is $4.03.

Lloyds Banking Group (NYSE:LYG) last released its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.04. Lloyds Banking Group had a return on equity of 9.28% and a net margin of 17.51%.The business had revenue of $6.13 billion for the quarter, compared to analysts’ expectations of $4.86 billion. Sell-side analysts expect that Lloyds Banking Group PLC will post 0.27 earnings per share for the current fiscal year.

Lloyds Banking Group Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, September 19th. Stockholders of record on Monday, August 4th will be issued a dividend of $0.0655 per share. This represents a dividend yield of 370.0%. The ex-dividend date is Monday, August 4th. Lloyds Banking Group’s payout ratio is 32.50%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on LYG. The Goldman Sachs Group upgraded Lloyds Banking Group from a “neutral” rating to a “buy” rating in a report on Tuesday, August 5th. JPMorgan Chase & Co. upgraded Lloyds Banking Group from an “underweight” rating to a “neutral” rating in a report on Friday, August 1st. Wall Street Zen cut Lloyds Banking Group from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Keefe, Bruyette & Woods upgraded Lloyds Banking Group from a “hold” rating to a “moderate buy” rating in a report on Thursday, July 17th. Finally, Royal Bank Of Canada upgraded Lloyds Banking Group from a “sector perform” rating to an “outperform” rating in a report on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy”.

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.