Lloyds Banking Group PLC $LYG Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lessened its position in Lloyds Banking Group PLC (NYSE:LYG) by 1.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,830,337 shares of the financial services provider’s stock after selling 183,019 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Lloyds Banking Group were worth $64,537,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Tucker Asset Management LLC acquired a new position in Lloyds Banking Group in the 4th quarter valued at about $27,000. Cornerstone Planning Group LLC boosted its stake in shares of Lloyds Banking Group by 131.2% in the first quarter. Cornerstone Planning Group LLC now owns 5,137 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 2,915 shares during the period. Harbour Investments Inc. grew its holdings in shares of Lloyds Banking Group by 47.3% in the fourth quarter. Harbour Investments Inc. now owns 6,386 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 2,051 shares in the last quarter. Eagle Bay Advisors LLC acquired a new position in shares of Lloyds Banking Group in the fourth quarter valued at approximately $35,000. Finally, Manchester Capital Management LLC increased its stake in Lloyds Banking Group by 1,216.6% during the 4th quarter. Manchester Capital Management LLC now owns 8,163 shares of the financial services provider’s stock worth $43,000 after buying an additional 7,543 shares during the period. 2.15% of the stock is currently owned by hedge funds and other institutional investors.

More Lloyds Banking Group News

Here are the key news stories impacting Lloyds Banking Group this week:

• Positive Sentiment: Lloyds reported first-half statutory pretax profit of £4.3 billion, up 23% from £3.5 billion a year earlier, exceeding expectations. Management also launched a new strategy focused on improving returns through 2030. Lloyds reports first-half profit up 23%, outlines new strategy
• Positive Sentiment: The bank announced a £1 billion share buyback and raised its dividend by 30% to 1.58 pence per share. The U.S.-listed dividend announcement lists a payment of $0.084 per share for investors of record on August 10, with payment scheduled for September 25. Lloyds hikes dividend and launches share buyback
• Positive Sentiment: Analysts viewed Lloyds’ new targets as potentially conservative. Citi maintained a “buy” rating, citing upside from the bank’s planned consumer ecosystem spanning housing, cars, wealth and insurance. Lloyds targets look conservative
• Positive Sentiment: Lloyds plans to use approximately 800 artificial-intelligence models to reduce costs and support its targets of more than 18% return on tangible equity in 2028 and about 20% in 2030. Lloyds mobilizes AI models to reduce costs
• Neutral Sentiment: The results showed a 25.11% net margin and 10.63% return on equity, while management outlined a multi-year plan centered on growth, efficiency and stronger capital returns. Execution against these targets will be important for future valuation.
• Negative Sentiment: Quarterly EPS was $0.13, below the $0.14 consensus estimate, while revenue of $6.57 billion missed expectations of $6.86 billion. The earnings shortfall may be prompting profit-taking after a strong recent rally. Lloyds quarterly earnings results

Lloyds Banking Group Stock Performance

Shares of LYG opened at $6.17 on Friday. The company has a market capitalization of $89.81 billion, a price-to-earnings ratio of 14.34, a price-to-earnings-growth ratio of 0.63 and a beta of 0.87. Lloyds Banking Group PLC has a 52-week low of $4.05 and a 52-week high of $6.34. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 2.09. The stock has a 50 day moving average price of $5.75 and a 200 day moving average price of $5.55.

Lloyds Banking Group (NYSE:LYG) last issued its quarterly earnings data on Thursday, July 30th. The financial services provider reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.01). Lloyds Banking Group had a return on equity of 10.95% and a net margin of 24.97%.The company had revenue of $6.57 billion for the quarter, compared to analysts’ expectations of $6.86 billion. Research analysts predict that Lloyds Banking Group PLC will post 0.54 EPS for the current fiscal year.

Lloyds Banking Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, September 25th. Investors of record on Monday, August 10th will be given a $0.084 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a yield of 272.0%. Lloyds Banking Group’s payout ratio is 58.14%.

Wall Street Analysts Forecast Growth

LYG has been the subject of several recent research reports. Morgan Stanley reissued an “overweight” rating on shares of Lloyds Banking Group in a research report on Tuesday, June 30th. Weiss Ratings cut Lloyds Banking Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. UBS Group upgraded Lloyds Banking Group from a “neutral” rating to a “buy” rating in a report on Thursday, April 30th. Keefe, Bruyette & Woods downgraded Lloyds Banking Group from a “moderate buy” rating to a “hold” rating in a report on Friday, July 17th. Finally, Berenberg Bank began coverage on Lloyds Banking Group in a research report on Wednesday, June 24th. They issued a “hold” rating on the stock. Seven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Lloyds Banking Group currently has a consensus rating of “Moderate Buy”.

Lloyds Banking Group Profile

Lloyds Banking Group plc is a UK-based banking and financial services company that provides a broad range of retail, commercial and insurance products. Its principal consumer-facing brands include Lloyds Bank, Halifax and Bank of Scotland, through which it offers current accounts, savings, mortgages, credit cards and personal loans. The group also delivers services to small and medium-sized enterprises (SMEs) and larger corporate clients, supplying business accounts, lending, payments and cash-management solutions.

In addition to core banking, Lloyds operates a significant wealth and insurance arm under the Scottish Widows brand, offering life insurance, pensions, investment and retirement planning products.