QRG Capital Management Inc. Raises Stock Holdings in Lloyds Banking Group plc (NYSE:LYG)

QRG Capital Management Inc. lifted its stake in Lloyds Banking Group plc (NYSE:LYG - Free Report) by 21.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,372,753 shares of the financial services provider's stock after acquiring an additional 411,616 shares during the period. QRG Capital Management Inc.'s holdings in Lloyds Banking Group were worth $6,454,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Apollon Wealth Management LLC increased its position in Lloyds Banking Group by 2.8% during the 4th quarter. Apollon Wealth Management LLC now owns 122,641 shares of the financial services provider's stock valued at $334,000 after buying an additional 3,346 shares in the last quarter. Brio Consultants LLC increased its position in Lloyds Banking Group by 30.2% during the 4th quarter. Brio Consultants LLC now owns 16,735 shares of the financial services provider's stock valued at $46,000 after buying an additional 3,880 shares in the last quarter. Baron Wealth Management LLC increased its position in Lloyds Banking Group by 30.8% during the 3rd quarter. Baron Wealth Management LLC now owns 16,851 shares of the financial services provider's stock valued at $53,000 after buying an additional 3,969 shares in the last quarter. Stephens Inc. AR increased its position in Lloyds Banking Group by 3.0% during the 4th quarter. Stephens Inc. AR now owns 157,627 shares of the financial services provider's stock valued at $429,000 after buying an additional 4,553 shares in the last quarter. Finally, BSW Wealth Partners increased its position in Lloyds Banking Group by 13.2% during the 4th quarter. BSW Wealth Partners now owns 41,939 shares of the financial services provider's stock valued at $114,000 after buying an additional 4,903 shares in the last quarter. 2.15% of the stock is owned by institutional investors.

Lloyds Banking Group Stock Performance

NYSE:LYG traded down $0.08 during mid-day trading on Monday, hitting $3.67. 45,972,110 shares of the company's stock traded hands, compared to its average volume of 12,384,334. The company has a fifty day moving average of $3.02 and a 200 day moving average of $2.96. Lloyds Banking Group plc has a twelve month low of $2.35 and a twelve month high of $3.78. The company has a market capitalization of $55.74 billion, a P/E ratio of 11.12 and a beta of 1.31.

Lloyds Banking Group (NYSE:LYG - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The financial services provider reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.08 by ($0.03). The firm had revenue of $9.46 billion during the quarter, compared to analyst estimates of $4.76 billion. Lloyds Banking Group had a net margin of 11.45% and a return on equity of 8.46%. On average, research analysts expect that Lloyds Banking Group plc will post 0.27 earnings per share for the current fiscal year.

Lloyds Banking Group Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, April 11th will be issued a $0.1035 dividend. The ex-dividend date is Friday, April 11th. This is a positive change from Lloyds Banking Group's previous semi-annual dividend of $0.05. This represents a dividend yield of 4%. Lloyds Banking Group's dividend payout ratio is currently 60.61%.

Lloyds Banking Group 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.