Coldstream Capital Management Inc. Sells 9,407 Shares of Lloyds Banking Group plc (NYSE:LYG)

Coldstream Capital Management Inc. cut its position in shares of Lloyds Banking Group plc (NYSE:LYG) by 26.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 25,791 shares of the financial services provider’s stock after selling 9,407 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Lloyds Banking Group were worth $70,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in LYG. Raymond James Financial Inc. bought a new position in shares of Lloyds Banking Group in the fourth quarter valued at approximately $11,226,000. Arrowstreet Capital Limited Partnership grew its stake in Lloyds Banking Group by 11.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 26,669,053 shares of the financial services provider’s stock valued at $72,540,000 after purchasing an additional 2,713,559 shares during the period. JPMorgan Chase & Co. increased its position in shares of Lloyds Banking Group by 58.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,659,629 shares of the financial services provider’s stock valued at $20,778,000 after purchasing an additional 2,456,914 shares during the last quarter. Norges Bank bought a new stake in shares of Lloyds Banking Group during the 4th quarter worth $5,440,000. Finally, Assetmark Inc. grew its position in Lloyds Banking Group by 3,120.8% during the fourth quarter. Assetmark Inc. now owns 640,202 shares of the financial services provider’s stock valued at $1,741,000 after buying an additional 620,325 shares during the period. 2.15% of the stock is owned by institutional investors.

Lloyds Banking Group Price Performance

NYSE:LYG opened at $3.76 on Friday. Lloyds Banking Group plc has a 1 year low of $2.56 and a 1 year high of $4.00. The stock’s fifty day moving average price is $3.73 and its two-hundred day moving average price is $3.18. The company has a market cap of $56.89 billion, a P/E ratio of 11.39 and a beta of 0.95.

Lloyds Banking Group (NYSE:LYG) last issued 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 business had revenue of $5.91 billion for the quarter, compared to analysts’ expectations of $4.78 billion. Lloyds Banking Group had a return on equity of 8.46% and a net margin of 11.45%. On average, 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 paid a dividend of $0.1035 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a yield of 4%. This is a boost from Lloyds Banking Group’s previous semi-annual dividend of $0.05. Lloyds Banking Group’s payout ratio is currently 60.61%.

Analyst Ratings Changes

LYG has been the topic of a number of research analyst reports. Hsbc Global Res upgraded shares of Lloyds Banking Group to a “strong-buy” rating in a research note on Thursday, March 20th. HSBC upgraded Lloyds Banking Group from a “hold” rating to a “buy” rating in a research note on Tuesday, April 1st. Keefe, Bruyette & Woods downgraded Lloyds Banking Group from an “outperform” rating to a “market perform” rating in a research report on Tuesday, March 11th. Finally, Morgan Stanley raised Lloyds Banking Group from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, March 4th. Six research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Lloyds Banking Group Company 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.