Intrust Bank NA Lowers Stake in Lloyds Banking Group plc (NYSE:LYG)

Intrust Bank NA trimmed its position in Lloyds Banking Group plc (NYSE:LYG) by 8.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 195,878 shares of the financial services provider’s stock after selling 18,317 shares during the quarter. Intrust Bank NA’s holdings in Lloyds Banking Group were worth $533,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of LYG. Brentview Investment Management LLC acquired a new position in Lloyds Banking Group during the fourth quarter valued at approximately $31,000. Mesirow Financial Investment Management Inc. purchased a new position in shares of Lloyds Banking Group in the 4th quarter valued at $32,000. SBI Securities Co. Ltd. purchased a new stake in Lloyds Banking Group during the 4th quarter worth $34,000. Jackson Thornton Wealth Management LLC acquired a new stake in Lloyds Banking Group in the 4th quarter valued at $34,000. Finally, Simon Quick Advisors LLC purchased a new position in Lloyds Banking Group in the fourth quarter valued at about $35,000. Hedge funds and other institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Stock Down 1.2 %

Shares of LYG opened at $3.84 on Friday. Lloyds Banking Group plc has a 52-week low of $2.42 and a 52-week high of $3.91. The firm has a market cap of $58.25 billion, a price-to-earnings ratio of 11.62 and a beta of 1.25. The business’s 50 day moving average is $3.42 and its two-hundred day moving average is $3.06.

Lloyds Banking Group (NYSE:LYG) last posted its quarterly earnings data on Thursday, February 20th. The financial services provider reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). The company had revenue of $9.46 billion for the quarter, compared to the consensus estimate of $4.76 billion. Lloyds Banking Group had a net margin of 11.45% and a return on equity of 8.46%. On average, equities analysts expect that Lloyds Banking Group plc will post 0.27 earnings per share for the current fiscal year.

Lloyds Banking Group Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Friday, May 30th. Investors of record on Friday, April 11th will be issued a $0.1035 dividend. This is a positive change from Lloyds Banking Group’s previous semi-annual dividend of $0.05. This represents a yield of 4%. The ex-dividend date of this dividend is Friday, April 11th. Lloyds Banking Group’s payout ratio is currently 60.61%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on LYG shares. Keefe, Bruyette & Woods lowered Lloyds Banking Group from an “outperform” rating to a “market perform” rating in a research note on Tuesday, March 11th. Hsbc Global Res upgraded shares of Lloyds Banking Group to a “strong-buy” rating in a research note on Thursday, March 20th. Finally, Morgan Stanley raised shares of Lloyds Banking Group from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, March 4th. Seven analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $2.75.

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.