Beverly Hills Private Wealth LLC Lowers Holdings in Lloyds Banking Group PLC $LYG

Beverly Hills Private Wealth LLC decreased its holdings in Lloyds Banking Group PLC (NYSE:LYG) by 7.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 59,450 shares of the financial services provider’s stock after selling 4,622 shares during the quarter. Beverly Hills Private Wealth LLC’s holdings in Lloyds Banking Group were worth $253,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. V Square Quantitative Management LLC purchased a new position in shares of Lloyds Banking Group in the second quarter valued at approximately $29,000. Opal Wealth Advisors LLC purchased a new position in shares of Lloyds Banking Group in the second quarter valued at approximately $35,000. Ameritas Advisory Services LLC purchased a new position in shares of Lloyds Banking Group in the second quarter valued at approximately $38,000. Halbert Hargrove Global Advisors LLC boosted its stake in shares of Lloyds Banking Group by 10,836.3% in the second quarter. Halbert Hargrove Global Advisors LLC now owns 9,952 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 9,861 shares during the period. Finally, Earned Wealth Advisors LLC purchased a new position in shares of Lloyds Banking Group in the first quarter valued at approximately $38,000. Hedge funds and other institutional investors own 2.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Wall Street Zen cut shares of Lloyds Banking Group from a “buy” rating to a “hold” rating in a report on Monday. Keefe, Bruyette & Woods raised shares of Lloyds Banking Group from a “hold” rating to a “moderate buy” rating in a report on Thursday, July 17th. Zacks Research cut shares of Lloyds Banking Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 23rd. Weiss Ratings cut shares of Lloyds Banking Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 8th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Lloyds Banking Group in a report on Monday, September 22nd. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Lloyds Banking Group currently has an average rating of “Moderate Buy”.

Lloyds Banking Group Stock Down 0.6%

LYG stock opened at $4.46 on Wednesday. The company has a current ratio of 1.44, a quick ratio of 0.53 and a debt-to-equity ratio of 1.68. Lloyds Banking Group PLC has a twelve month low of $2.56 and a twelve month high of $4.69. The company’s 50 day moving average is $4.49 and its two-hundred day moving average is $4.21. The stock has a market cap of $66.03 billion, a P/E ratio of 11.14, a PEG ratio of 0.63 and a beta of 1.02.

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, topping analysts’ consensus estimates of $0.10 by $0.04. Lloyds Banking Group had a net margin of 17.51% and a return on equity of 9.28%. The company had revenue of $6.13 billion for the quarter, compared to analysts’ expectations of $4.86 billion. Research 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 business also recently disclosed a semi-annual dividend, which was paid on Friday, September 19th. Shareholders of record on Monday, August 4th were issued a dividend of $0.0655 per share. The ex-dividend date of this dividend was Monday, August 4th. This represents a yield of 370.0%. Lloyds Banking Group’s dividend payout ratio (DPR) is presently 32.50%.

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.