Blue Barn Wealth LLC Sells 8,288 Shares of Lloyds Banking Group plc (NYSE:LYG)

Blue Barn Wealth LLC trimmed its holdings in shares of Lloyds Banking Group plc (NYSE:LYG) by 10.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 74,161 shares of the financial services provider’s stock after selling 8,288 shares during the quarter. Blue Barn Wealth LLC’s holdings in Lloyds Banking Group were worth $202,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Raymond James Financial Inc. bought a new position in shares of Lloyds Banking Group in the 4th quarter worth $11,226,000. Assetmark Inc. grew its stake in Lloyds Banking Group by 3,120.8% in the fourth quarter. Assetmark Inc. now owns 640,202 shares of the financial services provider’s stock valued at $1,741,000 after purchasing an additional 620,325 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Lloyds Banking Group by 6.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,126,422 shares of the financial services provider’s stock worth $3,064,000 after purchasing an additional 70,838 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of Lloyds Banking Group by 38.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 25,425 shares of the financial services provider’s stock valued at $69,000 after buying an additional 7,020 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Lloyds Banking Group in the 4th quarter valued at about $34,000. Institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Stock Up 2.0 %

Shares of Lloyds Banking Group stock opened at $3.90 on Thursday. The firm has a market capitalization of $59.16 billion, a P/E ratio of 11.80 and a beta of 1.31. Lloyds Banking Group plc has a 52 week low of $2.42 and a 52 week high of $3.91. The company has a 50 day moving average price of $3.07 and a 200 day moving average price of $2.98.

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

Lloyds Banking Group Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, April 11th will be issued a $0.1035 dividend. The ex-dividend date of this dividend is Friday, April 11th. This is a positive change from Lloyds Banking Group’s previous semi-annual dividend of $0.05. This represents a dividend yield of 4%. Lloyds Banking Group’s dividend payout ratio is currently 60.61%.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley raised shares of Lloyds Banking Group from an “equal weight” rating to an “overweight” rating in a research report on Tuesday. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $2.75.

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.