ABC Arbitrage SA Buys 100,258 Shares of Lloyds Banking Group PLC $LYG

ABC Arbitrage SA lifted its stake in shares of Lloyds Banking Group PLC (NYSE:LYG) by 25.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 497,704 shares of the financial services provider’s stock after acquiring an additional 100,258 shares during the quarter. ABC Arbitrage SA’s holdings in Lloyds Banking Group were worth $2,260,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Beck Bode LLC acquired a new position in Lloyds Banking Group in the 2nd quarter valued at $5,254,000. First Eagle Investment Management LLC boosted its holdings in Lloyds Banking Group by 9.9% during the second quarter. First Eagle Investment Management LLC now owns 6,816,161 shares of the financial services provider’s stock valued at $28,969,000 after acquiring an additional 612,523 shares during the period. Quantbot Technologies LP grew its position in shares of Lloyds Banking Group by 430.5% in the second quarter. Quantbot Technologies LP now owns 479,674 shares of the financial services provider’s stock valued at $2,039,000 after purchasing an additional 389,255 shares during the last quarter. Hantz Financial Services Inc. increased its stake in shares of Lloyds Banking Group by 311.6% in the third quarter. Hantz Financial Services Inc. now owns 227,764 shares of the financial services provider’s stock worth $1,034,000 after purchasing an additional 172,422 shares during the period. Finally, Twin City Private Wealth LLC lifted its position in shares of Lloyds Banking Group by 44.1% during the 2nd quarter. Twin City Private Wealth LLC now owns 386,100 shares of the financial services provider’s stock worth $1,641,000 after purchasing an additional 118,105 shares during the last quarter. 2.15% of the stock is owned by institutional investors.

Lloyds Banking Group Stock Performance

Shares of Lloyds Banking Group stock opened at $5.80 on Wednesday. The firm has a market cap of $85.45 billion, a P/E ratio of 13.81, a price-to-earnings-growth ratio of 0.59 and a beta of 0.87. The firm’s 50-day simple moving average is $5.46 and its 200-day simple moving average is $4.88. Lloyds Banking Group PLC has a twelve month low of $3.09 and a twelve month high of $6.34.

Lloyds Banking Group (NYSE:LYG) last posted its quarterly earnings results on Thursday, January 29th. The financial services provider reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.01. Lloyds Banking Group had a net margin of 24.30% and a return on equity of 10.06%. The firm had revenue of $6.38 billion during the quarter, compared to analyst estimates of $6.52 billion. On average, equities analysts forecast that Lloyds Banking Group PLC will post 0.27 earnings per share for the current fiscal year.

Lloyds Banking Group Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, May 29th. Investors of record on Friday, April 10th will be paid a $0.134 dividend. The ex-dividend date of this dividend is Friday, April 10th. This represents a yield of 447.0%. Lloyds Banking Group’s payout ratio is currently 30.95%.

Wall Street Analysts Forecast Growth

LYG has been the topic of a number of research analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Lloyds Banking Group in a report on Tuesday, October 28th. BNP Paribas Exane downgraded shares of Lloyds Banking Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Lloyds Banking Group in a research report on Tuesday, February 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Lloyds Banking Group in a report on Wednesday, January 28th. Finally, Citigroup restated a “neutral” rating on shares of Lloyds Banking Group in a report on Monday, December 1st. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Lloyds Banking Group currently has an average rating of “Moderate Buy”.

Lloyds Banking Group Company Profile

Lloyds Banking Group plc is a UK-based banking and financial services company that provides a broad range of retail, commercial and insurance products. Its principal consumer-facing brands include Lloyds Bank, Halifax and Bank of Scotland, through which it offers current accounts, savings, mortgages, credit cards and personal loans. The group also delivers services to small and medium-sized enterprises (SMEs) and larger corporate clients, supplying business accounts, lending, payments and cash-management solutions.

In addition to core banking, Lloyds operates a significant wealth and insurance arm under the Scottish Widows brand, offering life insurance, pensions, investment and retirement planning products.