Quantbot Technologies LP lifted its position in Lloyds Banking Group plc (NYSE:LYG - Free Report) by 389.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 133,398 shares of the financial services provider's stock after buying an additional 106,128 shares during the quarter. Quantbot Technologies LP's holdings in Lloyds Banking Group were worth $363,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Apollon Wealth Management LLC increased its stake in Lloyds Banking Group by 2.8% during the fourth quarter. Apollon Wealth Management LLC now owns 122,641 shares of the financial services provider's stock worth $334,000 after purchasing an additional 3,346 shares during the period. Independent Advisor Alliance increased its stake in Lloyds Banking Group by 4.8% during the 4th quarter. Independent Advisor Alliance now owns 75,049 shares of the financial services provider's stock worth $204,000 after buying an additional 3,420 shares during the period. Brio Consultants LLC lifted its holdings 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 worth $46,000 after buying an additional 3,880 shares in the last quarter. Retirement Planning Co of New England Inc. boosted its position in Lloyds Banking Group by 24.3% in the 4th quarter. Retirement Planning Co of New England Inc. now owns 20,552 shares of the financial services provider's stock valued at $56,000 after buying an additional 4,022 shares during the period. Finally, Fielder Capital Group LLC grew its stake in shares of Lloyds Banking Group by 7.7% in the fourth quarter. Fielder Capital Group LLC now owns 60,993 shares of the financial services provider's stock worth $166,000 after acquiring an additional 4,366 shares in the last quarter. Institutional investors and hedge funds own 2.15% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts have recently 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 upgraded Lloyds Banking Group from an "equal weight" rating to an "overweight" rating in a research note on Tuesday, March 4th. Hsbc Global Res upgraded shares of Lloyds Banking Group to a "strong-buy" rating in a research note on Thursday, March 20th. Finally, HSBC upgraded shares of Lloyds Banking Group from a "hold" rating to a "buy" rating in a research note on Tuesday. Seven research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $2.75.
Check Out Our Latest Report on Lloyds Banking Group
Lloyds Banking Group Stock Up 0.8 %
LYG traded up $0.03 on Wednesday, reaching $3.84. The company's stock had a trading volume of 21,756,551 shares, compared to its average volume of 14,390,070. The company has a market capitalization of $58.33 billion, a price-to-earnings ratio of 11.64 and a beta of 1.25. 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 $3.47 and a two-hundred day moving average of $3.08.
Lloyds Banking Group (NYSE:LYG - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The financial services provider reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.03). Lloyds Banking Group had a return on equity of 8.46% and a net margin of 11.45%. The company had revenue of $9.46 billion for the quarter, compared to analysts' expectations of $4.76 billion. 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 company also recently announced a semi-annual dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, April 11th will be given a dividend of $0.1035 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a dividend yield of 4%. This is a boost from Lloyds Banking Group's previous semi-annual dividend of $0.05. Lloyds Banking Group's payout ratio is 60.61%.
Lloyds Banking Group Profile
(
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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