Several other institutional investors and hedge funds have also recently modified their holdings of LYG. Arrowstreet Capital Limited Partnership grew its holdings in shares of Lloyds Banking Group by 11.3% in the fourth 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. Dimensional Fund Advisors LP raised its position in Lloyds Banking Group by 2.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 16,404,259 shares of the financial services provider’s stock valued at $44,620,000 after purchasing an additional 453,326 shares in the last quarter. Northern Trust Corp raised its position in Lloyds Banking Group by 34.7% during the fourth quarter. Northern Trust Corp now owns 15,604,325 shares of the financial services provider’s stock valued at $42,444,000 after purchasing an additional 4,021,039 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Lloyds Banking Group by 225.0% in the fourth quarter. Millennium Management LLC now owns 7,098,940 shares of the financial services provider’s stock worth $19,309,000 after buying an additional 4,914,680 shares during the period. Finally, American Century Companies Inc. increased its holdings in shares of Lloyds Banking Group by 10.1% in the fourth quarter. American Century Companies Inc. now owns 6,611,908 shares of the financial services provider’s stock worth $17,984,000 after buying an additional 604,924 shares during the period. 2.15% of the stock is owned by hedge funds and other institutional investors.

Several research firms recently issued reports on LYG. Keefe, Bruyette & Woods cut Lloyds Banking Group from an “outperform” rating to a “market perform” rating in a research note on Tuesday, March 11th. Wall Street Zen upgraded Lloyds Banking Group from a “sell” rating to a “hold” rating in a research note on Tuesday, May 13th. HSBC raised Lloyds Banking Group from a “hold” rating to a “buy” rating in a research report on Tuesday, April 1st. Morgan Stanley raised Lloyds Banking Group from an “equal weight” rating to an “overweight” rating in a report on Tuesday, March 4th. Finally, Hsbc Global Res raised Lloyds Banking Group to a “strong-buy” rating in a report on Thursday, March 20th. Seven investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Get Our Latest Stock Report on LYG

Shares of Lloyds Banking Group stock opened at $4.18 on Friday. The firm has a market cap of $62.77 billion, a price-to-earnings ratio of 12.65 and a beta of 1.01. The business has a 50-day moving average price of $3.96 and a 200-day moving average price of $3.43. Lloyds Banking Group plc has a twelve month low of $2.56 and a twelve month high of $4.30.

Lloyds Banking Group (NYSE:LYG – Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The financial services provider reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. Lloyds Banking Group had a net margin of 11.45% and a return on equity of 8.46%. The firm had revenue of $5.91 billion during the quarter, compared to the consensus estimate of $4.78 billion. On average, equities analysts expect that Lloyds Banking Group plc will post 0.27 EPS for the current fiscal year.

(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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