Truist Financial Corp Sells 190,996 Shares of Lloyds Banking Group PLC $LYG

Truist Financial Corp lowered its stake in shares of Lloyds Banking Group PLC (NYSE:LYG) by 40.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 279,315 shares of the financial services provider’s stock after selling 190,996 shares during the period. Truist Financial Corp’s holdings in Lloyds Banking Group were worth $1,187,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Townsquare Capital LLC raised its position in shares of Lloyds Banking Group by 4.2% during the first quarter. Townsquare Capital LLC now owns 1,596,132 shares of the financial services provider’s stock valued at $6,097,000 after buying an additional 64,952 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Lloyds Banking Group by 119.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 125,225 shares of the financial services provider’s stock valued at $341,000 after buying an additional 68,064 shares during the last quarter. ICONIQ Capital LLC grew its holdings in shares of Lloyds Banking Group by 194.1% in the first quarter. ICONIQ Capital LLC now owns 87,502 shares of the financial services provider’s stock valued at $334,000 after purchasing an additional 57,750 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Lloyds Banking Group by 6.0% in the first quarter. American Century Companies Inc. now owns 7,011,774 shares of the financial services provider’s stock valued at $26,785,000 after purchasing an additional 399,866 shares in the last quarter. Finally, Perigon Wealth Management LLC grew its holdings in shares of Lloyds Banking Group by 4.5% in the first quarter. Perigon Wealth Management LLC now owns 61,411 shares of the financial services provider’s stock valued at $235,000 after purchasing an additional 2,617 shares in the last quarter. Institutional investors own 2.15% of the company’s stock.

Wall Street Analysts Forecast Growth

LYG has been the subject of a number of recent research reports. Weiss Ratings lowered shares of Lloyds Banking Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 8th. JPMorgan Chase & Co. raised shares of Lloyds Banking Group from an “underweight” rating to a “neutral” rating in a report on Friday, August 1st. Kepler Capital Markets raised shares of Lloyds Banking Group from a “hold” rating to a “buy” rating in a report on Thursday. Citigroup reissued a “neutral” rating on shares of Lloyds Banking Group in a report on Monday, September 22nd. Finally, Keefe, Bruyette & Woods raised shares of Lloyds Banking Group from a “hold” rating to a “moderate buy” rating in a report on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Lloyds Banking Group Stock Down 0.6%

NYSE LYG opened at $4.44 on Monday. The company has a quick ratio of 0.53, a current ratio of 1.44 and a debt-to-equity ratio of 1.68. The company has a fifty day moving average of $4.48 and a two-hundred day moving average of $4.18. The firm has a market capitalization of $66.08 billion, a price-to-earnings ratio of 11.09, a PEG ratio of 0.61 and a beta of 1.02. Lloyds Banking Group PLC has a 52 week low of $2.56 and a 52 week high of $4.69.

Lloyds Banking Group (NYSE:LYG) last posted its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.14 EPS for the quarter, topping the consensus estimate of $0.10 by $0.04. The company had revenue of $6.13 billion during the quarter, compared to analyst estimates of $4.86 billion. Lloyds Banking Group had a net margin of 17.51% and a return on equity of 9.28%. On average, analysts predict that Lloyds Banking Group PLC will post 0.27 earnings per share for the current year.

Lloyds Banking Group Cuts Dividend

The business also recently announced a semi-annual dividend, which was paid on Friday, September 19th. Stockholders of record on Monday, August 4th were paid a dividend of $0.0655 per share. This represents a dividend yield of 370.0%. The ex-dividend date of this dividend was Monday, August 4th. Lloyds Banking Group’s payout ratio is currently 32.50%.

Lloyds Banking Group Company 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.