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O Shaughnessy Asset Management sold nearly half a million Lloyds Banking Group shares, despite the bank raising its dividend.
O Shaughnessy Asset Management LLC adjusted its holdings in Lloyds Banking Group (LYG) by selling 516,922 shares in Q4, ending with 4,370,608 shares valued at $11,888,000.
Lloyds Banking Group, a UK financial services provider, recently increased its semi-annual dividend to $0.1035 per share, up from $0.05.
The company reported earnings per share of $0.05 for the quarter, missing analyst expectations of $0.08.
Lloyds has a market cap of $58.10 billion and a P/E ratio of 11.59.
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Shaughnessy Asset Management vendió casi medio millón de acciones de Lloyds Banking Group, a pesar de que el banco aumentó su dividendo.