Lloyds Banking Group plc (NYSE:LYG) Stock Holdings Lessened by First Horizon Advisors Inc.

First Horizon Advisors Inc. trimmed its stake in Lloyds Banking Group plc (NYSE:LYG) by 37.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,938 shares of the financial services provider’s stock after selling 6,414 shares during the quarter. First Horizon Advisors Inc.’s holdings in Lloyds Banking Group were worth $30,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in LYG. Apollon Wealth Management LLC increased its holdings in Lloyds Banking Group by 2.8% in the fourth quarter. Apollon Wealth Management LLC now owns 122,641 shares of the financial services provider’s stock worth $334,000 after buying an additional 3,346 shares during the last quarter. Brio Consultants LLC increased its holdings in Lloyds Banking Group by 30.2% in the fourth quarter. Brio Consultants LLC now owns 16,735 shares of the financial services provider’s stock worth $46,000 after buying an additional 3,880 shares during the last quarter. Baron Wealth Management LLC increased its holdings in Lloyds Banking Group by 30.8% in the third quarter. Baron Wealth Management LLC now owns 16,851 shares of the financial services provider’s stock worth $53,000 after buying an additional 3,969 shares during the last quarter. Stephens Inc. AR increased its holdings in Lloyds Banking Group by 3.0% in the fourth quarter. Stephens Inc. AR now owns 157,627 shares of the financial services provider’s stock worth $429,000 after buying an additional 4,553 shares during the last quarter. Finally, BSW Wealth Partners increased its holdings in Lloyds Banking Group by 13.2% in the fourth quarter. BSW Wealth Partners now owns 41,939 shares of the financial services provider’s stock worth $114,000 after buying an additional 4,903 shares during the last quarter. 2.15% of the stock is owned by hedge funds and other institutional investors.

Lloyds Banking Group Stock Performance

NYSE:LYG opened at $3.77 on Friday. The stock’s 50 day moving average price is $3.00 and its 200 day moving average price is $2.96. Lloyds Banking Group plc has a 52 week low of $2.33 and a 52 week high of $3.78. The company has a market capitalization of $57.18 billion, a P/E ratio of 11.41 and a beta of 1.31.

Lloyds Banking Group (NYSE:LYG) last released 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). Lloyds Banking Group had a return on equity of 8.46% and a net margin of 11.45%. The firm had revenue of $9.46 billion during the quarter, compared to analyst estimates of $4.76 billion. As a group, sell-side analysts forecast that Lloyds Banking Group plc will post 0.27 earnings per share for the current fiscal year.

Lloyds Banking Group Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, April 11th will be issued a dividend of $0.1035 per share. This represents a yield of 4%. The ex-dividend date of this dividend is Friday, April 11th. This is an increase from Lloyds Banking Group’s previous semi-annual dividend of $0.05. Lloyds Banking Group’s dividend payout ratio (DPR) is 30.30%.

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.