Toronto Dominion Bank Lowers Holdings in Lloyds Banking Group plc (NYSE:LYG)

Toronto Dominion Bank cut its position in Lloyds Banking Group plc (NYSE:LYG) by 8.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,475 shares of the financial services provider’s stock after selling 6,130 shares during the quarter. Toronto Dominion Bank’s holdings in Lloyds Banking Group were worth $173,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Transcend Capital Advisors LLC purchased a new stake in shares of Lloyds Banking Group during the 2nd quarter valued at $28,000. Interchange Capital Partners LLC purchased a new stake in shares of Lloyds Banking Group during the 2nd quarter valued at $28,000. Intergy Private Wealth LLC purchased a new stake in shares of Lloyds Banking Group during the 2nd quarter valued at $29,000. Susquehanna International Securities Ltd. purchased a new stake in shares of Lloyds Banking Group during the 1st quarter valued at $30,000. Finally, Exencial Wealth Advisors LLC purchased a new stake in shares of Lloyds Banking Group during the 4th quarter valued at $28,000. 2.15% of the stock is currently owned by hedge funds and other institutional investors.

Lloyds Banking Group Price Performance

Shares of Lloyds Banking Group stock opened at $3.07 on Wednesday. The firm has a market cap of $47.90 billion, a PE ratio of 8.07 and a beta of 1.35. Lloyds Banking Group plc has a 12-month low of $1.88 and a 12-month high of $3.18. The company has a quick ratio of 1.48, a current ratio of 1.45 and a debt-to-equity ratio of 1.89. The company’s fifty day simple moving average is $3.01 and its two-hundred day simple moving average is $2.82.

Lloyds Banking Group (NYSE:LYG) last announced its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.09 earnings per share (EPS) for the quarter. Lloyds Banking Group had a net margin of 12.40% and a return on equity of 10.34%. The business had revenue of $9.55 billion for the quarter. As a group, equities analysts expect that Lloyds Banking Group plc will post 0.32 EPS for the current year.

Lloyds Banking Group Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Friday, September 20th. Stockholders of record on Monday, August 5th were given a $0.0546 dividend. This represents a dividend yield of 4.4%. This is a boost from Lloyds Banking Group’s previous semi-annual dividend of $0.05. The ex-dividend date was Monday, August 5th. Lloyds Banking Group’s dividend payout ratio (DPR) is currently 26.32%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. UBS Group restated a “neutral” rating on shares of Lloyds Banking Group in a research report on Tuesday, July 30th. Kepler Capital Markets initiated coverage on shares of Lloyds Banking Group in a report on Thursday, September 5th. They set a “hold” rating on the stock. Citigroup lowered shares of Lloyds Banking Group from a “buy” rating to a “neutral” rating in a report on Monday, August 5th. Royal Bank of Canada lowered shares of Lloyds Banking Group from an “outperform” rating to a “sector perform” rating in a report on Friday, July 26th. Finally, BNP Paribas raised shares of Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a report on Friday, July 5th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $2.75.

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.