Squarepoint Ops LLC reduced its holdings in Lloyds Banking Group plc (NYSE:LYG - Free Report) by 82.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 87,077 shares of the financial services provider's stock after selling 414,981 shares during the quarter. Squarepoint Ops LLC's holdings in Lloyds Banking Group were worth $238,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the business. Transcend Capital Advisors LLC acquired a new position in shares of Lloyds Banking Group during the second quarter valued at approximately $28,000. Interchange Capital Partners LLC bought a new stake in shares of Lloyds Banking Group in the 2nd quarter worth $28,000. Intergy Private Wealth LLC acquired a new stake in shares of Lloyds Banking Group in the second quarter valued at $29,000. Susquehanna International Securities Ltd. acquired a new position in Lloyds Banking Group during the first quarter worth about $30,000. Finally, Tcwp LLC bought a new stake in Lloyds Banking Group in the second quarter worth about $32,000. Institutional investors own 2.15% of the company's stock.
Lloyds Banking Group Stock Up 1.0 %
Shares of Lloyds Banking Group stock traded up $0.03 during midday trading on Friday, hitting $3.11. The company's stock had a trading volume of 6,196,796 shares, compared to its average volume of 9,616,543. The firm has a market capitalization of $48.61 billion, a P/E ratio of 8.18 and a beta of 1.34. Lloyds Banking Group plc has a 1-year low of $1.88 and a 1-year 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 stock has a 50-day simple moving average of $3.02 and a 200-day simple moving average of $2.85.
Lloyds Banking Group (NYSE:LYG - Get Free Report) last released its earnings results on Thursday, July 25th. The financial services provider reported $0.09 earnings per share for the quarter. The company had revenue of $9.55 billion for the quarter. Lloyds Banking Group had a return on equity of 10.34% and a net margin of 12.40%. As a group, sell-side analysts expect that Lloyds Banking Group plc will post 0.32 earnings per share 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. Shareholders of record on Monday, August 5th were given a $0.0546 dividend. This is an increase from Lloyds Banking Group's previous semi-annual dividend of $0.05. The ex-dividend date of this dividend was Monday, August 5th. This represents a yield of 4.4%. Lloyds Banking Group's dividend payout ratio is presently 26.32%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on LYG shares. UBS Group reaffirmed a "neutral" rating on shares of Lloyds Banking Group in a research note on Tuesday, July 30th. Kepler Capital Markets assumed coverage on Lloyds Banking Group in a report on Thursday, September 5th. They issued a "hold" rating on the stock. Citigroup lowered Lloyds Banking Group from a "buy" rating to a "neutral" rating in a research note on Monday, August 5th. Royal Bank of Canada lowered Lloyds Banking Group from an "outperform" rating to a "sector perform" rating in a research report on Friday, July 26th. Finally, The Goldman Sachs Group started coverage on Lloyds Banking Group in a research report on Friday, October 4th. They issued a "neutral" rating for the company. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Lloyds Banking Group currently has an average rating of "Hold" and an average target price of $2.75.
Read Our Latest Research Report on LYG
About Lloyds Banking Group
(
Free Report)
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.
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