Dimensional Fund Advisors LP Has $25.83 Million Stake in Lloyds Banking Group plc (NYSE:LYG)

Dimensional Fund Advisors LP boosted its position in Lloyds Banking Group plc (NYSE:LYG – Get Rating) by 1.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,423,379 shares of the financial services provider’s stock after buying an additional 261,281 shares during the period. Dimensional Fund Advisors LP owned approximately 0.08% of Lloyds Banking Group worth $25,833,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Tower Research Capital LLC TRC bought a new stake in Lloyds Banking Group in the third quarter valued at $71,000. Bank of Montreal Can increased its stake in Lloyds Banking Group by 26.0% in the third quarter. Bank of Montreal Can now owns 22,183,022 shares of the financial services provider’s stock valued at $40,595,000 after purchasing an additional 4,570,940 shares in the last quarter. SVB Wealth LLC increased its stake in Lloyds Banking Group by 17.8% in the third quarter. SVB Wealth LLC now owns 58,135 shares of the financial services provider’s stock valued at $104,000 after purchasing an additional 8,784 shares in the last quarter. Intrust Bank NA increased its stake in Lloyds Banking Group by 37.1% in the third quarter. Intrust Bank NA now owns 227,397 shares of the financial services provider’s stock valued at $407,000 after purchasing an additional 61,543 shares in the last quarter. Finally, Advisors Asset Management Inc. bought a new stake in Lloyds Banking Group in the third quarter valued at $26,000. 2.15% of the stock is owned by institutional investors.

Lloyds Banking Group Stock Performance

Shares of LYG stock opened at $2.49 on Friday. Lloyds Banking Group plc has a 52-week low of $1.70 and a 52-week high of $2.64. The company has a 50-day simple moving average of $2.44 and a two-hundred day simple moving average of $2.18. The company has a market capitalization of $41.96 billion, a price-to-earnings ratio of 6.73, a PEG ratio of 1.08 and a beta of 1.29.

Lloyds Banking Group Increases Dividend

The business also recently announced a Semi-Annual dividend, which will be paid on Friday, June 2nd. Shareholders of record on Friday, April 14th will be paid a $0.076 dividend. This is a boost from Lloyds Banking Group’s previous Semi-Annual dividend of $0.04. The ex-dividend date of this dividend is Thursday, April 13th. Lloyds Banking Group’s payout ratio is presently 18.92%.

Analyst Ratings Changes

LYG has been the subject of several research analyst reports. StockNews.com raised shares of Lloyds Banking Group from a “hold” rating to a “buy” rating in a research note on Friday, February 24th. Royal Bank of Canada raised shares of Lloyds Banking Group from an “underperform” rating to an “outperform” rating in a research report on Friday, November 25th. Berenberg Bank boosted their target price on shares of Lloyds Banking Group from GBX 55 ($0.66) to GBX 58 ($0.70) in a research report on Friday, February 24th. Morgan Stanley boosted their target price on shares of Lloyds Banking Group from GBX 58 ($0.70) to GBX 60 ($0.72) in a research report on Wednesday, January 11th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Lloyds Banking Group from GBX 58 ($0.70) to GBX 61 ($0.74) in a research report on Monday, February 27th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $58.75.

Lloyds Banking Group Profile

(Get Rating)

Lloyds Banking Group Plc is a financial services company, which engages in the provision of banking and financial services. It operates through the following segments: Retail, Commercial Banking, Insurance and Wealth, and Other. The Retail segment offers broad range of financial service products, including current accounts, savings, mortgages, motor finance and unsecured consumer lending to personal, and small business customers.