Axxcess Wealth Management LLC Has $155,000 Stock Holdings in Lloyds Banking Group plc (NYSE:LYG)

Axxcess Wealth Management LLC trimmed its position in Lloyds Banking Group plc (NYSE:LYG) by 7.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 57,077 shares of the financial services provider’s stock after selling 4,383 shares during the period. Axxcess Wealth Management LLC’s holdings in Lloyds Banking Group were worth $155,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Brentview Investment Management LLC bought a new stake in shares of Lloyds Banking Group during the fourth quarter worth approximately $31,000. Mesirow Financial Investment Management Inc. acquired a new stake in Lloyds Banking Group during the 4th quarter worth $32,000. SBI Securities Co. Ltd. bought a new stake in shares of Lloyds Banking Group during the 4th quarter valued at $34,000. Simon Quick Advisors LLC acquired a new position in shares of Lloyds Banking Group in the 4th quarter valued at $35,000. Finally, Cerro Pacific Wealth Advisors LLC bought a new position in shares of Lloyds Banking Group in the 4th quarter worth $37,000. 2.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on LYG shares. Morgan Stanley raised Lloyds Banking Group from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, March 4th. Keefe, Bruyette & Woods downgraded shares of Lloyds Banking Group from an “outperform” rating to a “market perform” rating in a research report on Tuesday, March 11th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Lloyds Banking Group currently has an average rating of “Hold” and a consensus price target of $2.75.

Lloyds Banking Group Trading Down 0.9 %

LYG stock opened at $3.74 on Monday. Lloyds Banking Group plc has a 1-year low of $2.42 and a 1-year high of $3.91. The firm has a market cap of $56.73 billion, a PE ratio of 11.32 and a beta of 1.25. The business’s 50-day moving average price is $3.31 and its two-hundred day moving average price is $3.03.

Lloyds Banking Group (NYSE:LYG) last released its quarterly earnings data on Thursday, February 20th. The financial services provider reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.03). Lloyds Banking Group had a net margin of 11.45% and a return on equity of 8.46%. The business had revenue of $9.46 billion for the quarter, compared to the consensus estimate of $4.76 billion. On average, analysts forecast that Lloyds Banking Group plc will post 0.27 earnings per share 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. Stockholders 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 of this dividend is Friday, April 11th. This represents a dividend yield of 4%. Lloyds Banking Group’s dividend payout ratio is currently 60.61%.

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.