155,300 Shares in Lloyds Banking Group plc (NYSE:LYG) Bought by Integrated Quantitative Investments LLC

Integrated Quantitative Investments LLC bought a new position in shares of Lloyds Banking Group plc (NYSE:LYG - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 155,300 shares of the financial services provider's stock, valued at approximately $422,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership grew its stake in Lloyds Banking Group by 11.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 26,669,053 shares of the financial services provider's stock valued at $72,540,000 after acquiring an additional 2,713,559 shares in the last quarter. FMR LLC boosted its position in shares of Lloyds Banking Group by 14.7% during the 3rd quarter. FMR LLC now owns 19,280,034 shares of the financial services provider's stock valued at $60,154,000 after acquiring an additional 2,472,263 shares during the last quarter. JPMorgan Chase & Co. increased its position in Lloyds Banking Group by 58.5% during the third quarter. JPMorgan Chase & Co. now owns 6,659,629 shares of the financial services provider's stock worth $20,778,000 after purchasing an additional 2,456,914 shares during the last quarter. American Century Companies Inc. boosted its holdings in Lloyds Banking Group by 10.1% in the 4th quarter. American Century Companies Inc. now owns 6,611,908 shares of the financial services provider's stock valued at $17,984,000 after purchasing an additional 604,924 shares during the last quarter. Finally, First Eagle Investment Management LLC increased its holdings in shares of Lloyds Banking Group by 2.8% during the 4th quarter. First Eagle Investment Management LLC now owns 5,601,459 shares of the financial services provider's stock worth $15,236,000 after buying an additional 150,178 shares during the last quarter. 2.15% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Keefe, Bruyette & Woods cut Lloyds Banking Group from an "outperform" rating to a "market perform" rating in a research note on Tuesday, March 11th. Morgan Stanley raised shares of Lloyds Banking Group from an "equal weight" rating to an "overweight" rating in a research note on Tuesday, March 4th. Hsbc Global Res raised shares of Lloyds Banking Group to a "strong-buy" rating in a research note on Thursday, March 20th. Finally, HSBC raised shares of Lloyds Banking Group from a "hold" rating to a "buy" rating in a research report on Tuesday, April 1st. Seven analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $2.75.

Lloyds Banking Group Stock Down 1.5 %

LYG traded down $0.06 on Thursday, reaching $3.56. The company's stock had a trading volume of 31,369,864 shares, compared to its average volume of 15,241,145. Lloyds Banking Group plc has a fifty-two week low of $2.42 and a fifty-two week high of $3.91. The stock has a 50 day moving average of $3.52 and a two-hundred day moving average of $3.09. The company has a market capitalization of $54.00 billion, a price-to-earnings ratio of 10.79 and a beta of 0.95.

Lloyds Banking Group (NYSE:LYG - Get Free Report) last announced its quarterly earnings results 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). The company had revenue of $9.46 billion for the quarter, compared to analyst estimates of $4.76 billion. Lloyds Banking Group had a return on equity of 8.46% and a net margin of 11.45%. As a group, 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 firm also recently disclosed a semi-annual dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, April 11th will be paid 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 yield of 4%. Lloyds Banking Group's payout ratio is currently 60.61%.

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.