Lloyds Banking Group (NYSE:LYG) Sees Unusually-High Trading Volume – What’s Next?

Shares of Lloyds Banking Group plc (NYSE:LYG) saw unusually-strong trading volume on Monday . Approximately 16,517,627 shares changed hands during trading, an increase of 32% from the previous session’s volume of 12,473,722 shares.The stock last traded at $3.80 and had previously closed at $3.75.

Lloyds Banking Group Trading Down 2.1 %

The stock has a 50-day simple moving average of $3.00 and a two-hundred day simple moving average of $2.96. The firm has a market capitalization of $55.74 billion, a P/E ratio of 11.12 and a beta of 1.31.

Lloyds Banking Group (NYSE:LYG) last posted its quarterly earnings data on Thursday, February 20th. The financial services provider reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.03). The company had revenue of $9.46 billion for the quarter, compared to analyst estimates of $4.76 billion. Lloyds Banking Group had a net margin of 11.45% and a return on equity of 8.46%. As a group, research analysts expect that Lloyds Banking Group plc will post 0.27 EPS for the current year.

Lloyds Banking Group Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Friday, May 30th. Investors of record on Friday, April 11th will be given a dividend of $0.1035 per share. This is an increase from Lloyds Banking Group’s previous semi-annual dividend of $0.05. The ex-dividend date is Friday, April 11th. This represents a yield of 4%. Lloyds Banking Group’s dividend payout ratio (DPR) is presently 60.61%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC lifted its stake in Lloyds Banking Group by 41.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 105,295 shares of the financial services provider’s stock worth $329,000 after acquiring an additional 30,944 shares during the last quarter. Private Advisor Group LLC raised its holdings in shares of Lloyds Banking Group by 4.6% in the third quarter. Private Advisor Group LLC now owns 221,379 shares of the financial services provider’s stock valued at $691,000 after buying an additional 9,721 shares during the last quarter. International Assets Investment Management LLC acquired a new position in Lloyds Banking Group in the 3rd quarter valued at about $71,000. Pinnacle Associates Ltd. lifted its position in Lloyds Banking Group by 3.3% during the 3rd quarter. Pinnacle Associates Ltd. now owns 157,205 shares of the financial services provider’s stock worth $490,000 after acquiring an additional 5,089 shares during the period. Finally, Financial Advocates Investment Management raised its stake in shares of Lloyds Banking Group by 176.7% during the third quarter. Financial Advocates Investment Management now owns 58,548 shares of the financial services provider’s stock worth $183,000 after purchasing an additional 37,392 shares during the last quarter. Institutional investors and hedge funds own 2.15% of the company’s stock.

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.