Henry James International Management Inc. Has $2.19 Million Position in Lloyds Banking Group plc (NYSE:LYG)

Henry James International Management Inc. decreased its stake in Lloyds Banking Group plc (NYSE:LYG) by 2.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 917,665 shares of the financial services provider’s stock after selling 18,508 shares during the quarter. Henry James International Management Inc.’s holdings in Lloyds Banking Group were worth $2,193,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Kestra Private Wealth Services LLC raised its position in Lloyds Banking Group by 29.7% during the fourth quarter. Kestra Private Wealth Services LLC now owns 21,006 shares of the financial services provider’s stock worth $50,000 after acquiring an additional 4,813 shares in the last quarter. Lake Street Advisors Group LLC lifted its stake in Lloyds Banking Group by 10.0% in the 3rd quarter. Lake Street Advisors Group LLC now owns 54,118 shares of the financial services provider’s stock valued at $115,000 after purchasing an additional 4,915 shares during the last quarter. Stratos Wealth Partners LTD. grew its holdings in Lloyds Banking Group by 22.1% during the fourth quarter. Stratos Wealth Partners LTD. now owns 28,485 shares of the financial services provider’s stock worth $68,000 after purchasing an additional 5,152 shares during the period. Allworth Financial LP increased its position in Lloyds Banking Group by 36.4% during the fourth quarter. Allworth Financial LP now owns 21,032 shares of the financial services provider’s stock worth $50,000 after buying an additional 5,609 shares during the last quarter. Finally, Optas LLC raised its stake in Lloyds Banking Group by 13.5% in the third quarter. Optas LLC now owns 47,374 shares of the financial services provider’s stock valued at $101,000 after buying an additional 5,636 shares during the period. Institutional investors and hedge funds own 2.15% of the company’s stock.

Wall Street Analyst Weigh In

LYG has been the topic of a number of recent analyst reports. Berenberg Bank began coverage on Lloyds Banking Group in a report on Thursday, April 25th. They set a “hold” rating and a $2.75 target price on the stock. Bank of America upgraded shares of Lloyds Banking Group from a “neutral” rating to a “buy” rating in a report on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $52.55.

Lloyds Banking Group Stock Performance

LYG stock traded up $0.02 during trading hours on Friday, hitting $2.60. 9,056,768 shares of the stock were exchanged, compared to its average volume of 10,375,481. The company has a 50-day simple moving average of $2.52 and a two-hundred day simple moving average of $2.30. The firm has a market capitalization of $41.42 billion, a P/E ratio of 6.84, a P/E/G ratio of 1.09 and a beta of 1.29. Lloyds Banking Group plc has a 12 month low of $1.88 and a 12 month high of $2.72. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 1.82.

Lloyds Banking Group (NYSE:LYG) last released its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.09 EPS for the quarter. The business had revenue of $14.35 billion for the quarter. Lloyds Banking Group had a net margin of 13.41% and a return on equity of 10.35%. On average, analysts forecast that Lloyds Banking Group plc will post 0.32 earnings per share for the current fiscal year.

Lloyds Banking Group Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Friday, May 31st. Investors of record on Friday, April 12th will be paid a $0.046 dividend. This represents a dividend yield of 5.9%. The ex-dividend date of this dividend is Thursday, April 11th. Lloyds Banking Group’s dividend payout ratio (DPR) is currently 47.37%.

Lloyds Banking Group 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.