Quadrant Capital Group LLC grew its position in Lloyds Banking Group PLC (NYSE:LYG) by 57.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 134,784 shares of the financial services provider’s stock after acquiring an additional 49,015 shares during the period. Quadrant Capital Group LLC’s holdings in Lloyds Banking Group were worth $418,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Mondrian Investment Partners LTD raised its position in Lloyds Banking Group by 8.2% during the 4th quarter. Mondrian Investment Partners LTD now owns 18,272,206 shares of the financial services provider’s stock worth $46,777,000 after purchasing an additional 1,388,000 shares during the last quarter. Jane Street Group LLC raised its position in Lloyds Banking Group by 458.0% during the 4th quarter. Jane Street Group LLC now owns 6,112,419 shares of the financial services provider’s stock worth $15,648,000 after purchasing an additional 5,016,922 shares during the last quarter. Deutsche Bank AG raised its position in Lloyds Banking Group by 2,157.8% during the 4th quarter. Deutsche Bank AG now owns 5,284,852 shares of the financial services provider’s stock worth $13,529,000 after purchasing an additional 5,050,777 shares during the last quarter. Canada Pension Plan Investment Board raised its position in Lloyds Banking Group by 54.5% during the 4th quarter. Canada Pension Plan Investment Board now owns 5,175,414 shares of the financial services provider’s stock worth $13,248,000 after purchasing an additional 1,825,414 shares during the last quarter. Finally, Morningstar Investment Services LLC raised its position in Lloyds Banking Group by 1,516.1% during the 4th quarter. Morningstar Investment Services LLC now owns 4,645,132 shares of the financial services provider’s stock worth $11,892,000 after purchasing an additional 4,357,704 shares during the last quarter. Institutional investors own 1.63% of the company’s stock.
Several brokerages recently issued reports on LYG. Zacks Investment Research raised Lloyds Banking Group from a “hold” rating to a “strong-buy” rating and set a $3.75 target price for the company in a research report on Saturday, May 11th. Bank of America downgraded Lloyds Banking Group from a “buy” rating to an “underperform” rating in a report on Thursday, April 18th. Keefe, Bruyette & Woods upgraded Lloyds Banking Group from an “underperform” rating to an “outperform” rating in a report on Thursday, January 24th. JPMorgan Chase & Co. restated a “buy” rating on shares of Lloyds Banking Group in a research note on Tuesday, January 22nd. Finally, Morgan Stanley upgraded Lloyds Banking Group from an “equal” rating to a “weight” rating in a research note on Monday, February 11th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $3.75.
LYG stock traded down $0.07 during mid-day trading on Wednesday, reaching $2.97. 4,260,800 shares of the company traded hands, compared to its average volume of 6,954,424. The company has a market capitalization of $54.77 billion, a P/E ratio of 2.31 and a beta of 1.04. The company has a debt-to-equity ratio of 2.18, a quick ratio of 1.49 and a current ratio of 1.49. Lloyds Banking Group PLC has a fifty-two week low of $2.43 and a fifty-two week high of $3.58.
Lloyds Banking Group (NYSE:LYG) last released its quarterly earnings results on Wednesday, February 20th. The financial services provider reported $0.10 earnings per share (EPS) for the quarter. The business had revenue of $5.87 billion during the quarter. Lloyds Banking Group had a return on equity of 14.38% and a net margin of 17.72%. As a group, sell-side analysts forecast that Lloyds Banking Group PLC will post 0.45 earnings per share for the current fiscal year.
The business also recently declared a semiannual dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, April 5th will be paid a dividend of $0.1119 per share. The ex-dividend date of this dividend is Thursday, April 4th. This represents a yield of 7.02%.
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Lloyds Banking Group Profile
Lloyds Banking Group plc provides banking and financial services under the Lloyds Bank, Halifax, Bank of Scotland, and Scottish Widows brands in the United Kingdom and internationally. It operates through three segments: Retail, Commercial Banking, and Insurance and Wealth. The Retail segment offers a range of financial service products, including current accounts, savings accounts, mortgages, motor finance, unsecured consumer loans, leasing solutions, and credit cards to personal and small business customers.
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