Lloyds Banking Group PLC $LYG Stock Position Lifted by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. boosted its holdings in Lloyds Banking Group PLC (NYSE:LYG) by 41.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 339,121 shares of the financial services provider’s stock after purchasing an additional 98,650 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Lloyds Banking Group were worth $1,540,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Fisher Asset Management LLC boosted its position in Lloyds Banking Group by 12.6% during the 2nd quarter. Fisher Asset Management LLC now owns 148,828,623 shares of the financial services provider’s stock valued at $632,522,000 after purchasing an additional 16,705,846 shares during the period. L1 Capital Pty Ltd bought a new stake in Lloyds Banking Group in the second quarter valued at $548,574,000. First Eagle Investment Management LLC boosted its holdings in shares of 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. Assetmark Inc. grew its position in shares of Lloyds Banking Group by 35.8% during the third quarter. Assetmark Inc. now owns 2,755,888 shares of the financial services provider’s stock worth $12,512,000 after acquiring an additional 727,211 shares during the last quarter. Finally, Jane Street Group LLC increased its holdings in shares of Lloyds Banking Group by 178.3% in the 2nd quarter. Jane Street Group LLC now owns 2,261,115 shares of the financial services provider’s stock worth $9,610,000 after acquiring an additional 1,448,691 shares during the period. 2.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on LYG shares. Morgan Stanley reissued an “overweight” rating on shares of Lloyds Banking Group in a report on Monday, November 24th. Citigroup reissued a “neutral” rating on shares of Lloyds Banking Group in a research note on Monday, December 1st. BNP Paribas Exane cut 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 reiterated a “buy” rating on shares of Lloyds Banking Group in a research report on Tuesday, February 3rd. Finally, Weiss Ratings upgraded shares of Lloyds Banking Group from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, February 17th. Seven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

Lloyds Banking Group Trading Up 1.9%

Shares of NYSE:LYG opened at $5.76 on Monday. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.48 and a current ratio of 1.48. The stock has a market capitalization of $84.79 billion, a price-to-earnings ratio of 13.70, a PEG ratio of 0.58 and a beta of 0.87. Lloyds Banking Group PLC has a 1-year low of $3.27 and a 1-year high of $6.34. The company has a 50 day moving average price of $5.56 and a 200 day moving average price of $4.96.

Lloyds Banking Group (NYSE:LYG) last announced its quarterly earnings data on Thursday, January 29th. The financial services provider reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The company had revenue of $6.38 billion during the quarter, compared to the consensus estimate of $6.52 billion. Lloyds Banking Group had a return on equity of 10.06% and a net margin of 24.30%. On average, research analysts anticipate that Lloyds Banking Group PLC will post 0.27 EPS 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 dividend payout ratio (DPR) is currently 30.95%.

About Lloyds Banking Group

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.