Henry James International Management Inc. Trims Stake in Lloyds Banking Group plc (NYSE:LYG)

Henry James International Management Inc. reduced its stake in Lloyds Banking Group plc (NYSE:LYG) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm 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 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of LYG. Naples Money Management LLC purchased a new stake in shares of Lloyds Banking Group in the fourth quarter worth $25,000. Atria Wealth Solutions Inc. bought a new stake in Lloyds Banking Group during the fourth quarter valued at about $26,000. Johnson Investment Counsel Inc. purchased a new position in shares of Lloyds Banking Group in the third quarter valued at about $27,000. Riversedge Advisors LLC purchased a new stake in shares of Lloyds Banking Group during the fourth quarter worth about $27,000. Finally, Headlands Technologies LLC bought a new stake in Lloyds Banking Group during the 4th quarter valued at approximately $27,000. Institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Trading Up 0.8 %

NYSE:LYG traded up $0.02 during midday trading on Friday, hitting $2.60. The stock had a trading volume of 9,056,768 shares, compared to its average volume of 10,375,481. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 1.82. The stock has a 50-day moving average of $2.52 and a 200 day moving average of $2.30. The company has a market capitalization of $41.42 billion, a price-to-earnings ratio of 6.84, a PEG ratio of 1.09 and a beta of 1.29. Lloyds Banking Group plc has a one year low of $1.88 and a one year high of $2.72.

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

Lloyds Banking Group Cuts Dividend

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

Analysts Set New Price Targets

Several brokerages have commented on LYG. Berenberg Bank began coverage on shares of Lloyds Banking Group in a research note on Thursday, April 25th. They issued a “hold” rating and a $2.75 price target on the stock. Bank of America upgraded Lloyds Banking Group from a “neutral” rating to a “buy” rating in a report on Thursday, March 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $52.55.

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.