Lloyds Banking Group PLC $LYG Shares Sold by Aquatic Capital Management LLC

Aquatic Capital Management LLC lowered its position in Lloyds Banking Group PLC (NYSE:LYG) by 15.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,452,856 shares of the financial services provider’s stock after selling 257,717 shares during the quarter. Aquatic Capital Management LLC’s holdings in Lloyds Banking Group were worth $6,596,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Ameriprise Financial Inc. boosted its holdings in Lloyds Banking Group by 2.1% in the third quarter. Ameriprise Financial Inc. now owns 741,774 shares of the financial services provider’s stock valued at $3,368,000 after purchasing an additional 15,240 shares during the last quarter. Creative Planning increased its holdings in Lloyds Banking Group by 6.1% during the 3rd quarter. Creative Planning now owns 1,455,312 shares of the financial services provider’s stock worth $6,607,000 after purchasing an additional 83,606 shares during the last quarter. Raymond James Financial Inc. raised its position in shares of Lloyds Banking Group by 23.9% in the 3rd quarter. Raymond James Financial Inc. now owns 2,280,018 shares of the financial services provider’s stock valued at $10,351,000 after purchasing an additional 440,141 shares in the last quarter. Arlington Capital Management Inc. boosted its stake in shares of Lloyds Banking Group by 17.5% during the 3rd quarter. Arlington Capital Management Inc. now owns 49,476 shares of the financial services provider’s stock valued at $225,000 after buying an additional 7,354 shares during the last quarter. Finally, Qtron Investments LLC boosted its stake in Lloyds Banking Group by 13.0% during the 3rd quarter. Qtron Investments LLC now owns 227,119 shares of the financial services provider’s stock valued at $1,031,000 after acquiring an additional 26,064 shares during the last quarter. 2.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LYG has been the topic of a number of research analyst reports. BNP Paribas Exane downgraded Lloyds Banking Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Lloyds Banking Group in a research report on Tuesday, February 3rd. Morgan Stanley reissued an “overweight” rating on shares of Lloyds Banking Group in a report on Monday, November 24th. Citigroup reaffirmed a “neutral” rating on shares of Lloyds Banking Group in a report on Monday, December 1st. Finally, Weiss Ratings raised Lloyds Banking Group from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, February 17th. Seven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Lloyds Banking Group currently has an average rating of “Moderate Buy”.

Lloyds Banking Group Trading Down 2.2%

Shares of NYSE:LYG opened at $5.03 on Monday. Lloyds Banking Group PLC has a fifty-two week low of $3.27 and a fifty-two week high of $6.34. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 1.84. The company has a market cap of $74.04 billion, a PE ratio of 11.96, a P/E/G ratio of 0.51 and a beta of 0.86. The company’s 50-day moving average price is $5.61 and its 200 day moving average price is $5.06.

Lloyds Banking Group (NYSE:LYG) last issued its quarterly earnings data on Thursday, January 29th. The financial services provider reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. Lloyds Banking Group had a return on equity of 10.06% and a net margin of 24.30%.The business had revenue of $6.38 billion during the quarter, compared to analyst estimates of $6.52 billion. Sell-side analysts anticipate that Lloyds Banking Group PLC will post 0.27 earnings per share for the current year.

Lloyds Banking Group Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, May 29th. Investors of record on Friday, April 10th will be paid a dividend of $0.134 per share. This represents a dividend yield of 447.0%. The ex-dividend date is Friday, April 10th. Lloyds Banking Group’s payout ratio is currently 30.95%.

Lloyds Banking Group Company Profile

Lloyds Banking Group plc is a UK-based banking and financial services company that provides a broad range of retail, commercial and insurance products. Its principal consumer-facing brands include Lloyds Bank, Halifax and Bank of Scotland, through which it offers current accounts, savings, mortgages, credit cards and personal loans. The group also delivers services to small and medium-sized enterprises (SMEs) and larger corporate clients, supplying business accounts, lending, payments and cash-management solutions.

In addition to core banking, Lloyds operates a significant wealth and insurance arm under the Scottish Widows brand, offering life insurance, pensions, investment and retirement planning products.