Lloyds Banking Group PLC $LYG Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP lowered its position in Lloyds Banking Group PLC (NYSE:LYG) by 79.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 97,164 shares of the financial services provider’s stock after selling 382,510 shares during the period. Quantbot Technologies LP’s holdings in Lloyds Banking Group were worth $441,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of LYG. Mesirow Financial Investment Management Inc. boosted its holdings in shares of Lloyds Banking Group by 7.7% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 28,561 shares of the financial services provider’s stock valued at $130,000 after acquiring an additional 2,040 shares during the last quarter. Xponance Inc. raised its holdings in shares of Lloyds Banking Group by 14.7% during the third quarter. Xponance Inc. now owns 17,992 shares of the financial services provider’s stock worth $82,000 after purchasing an additional 2,302 shares during the last quarter. SYM FINANCIAL Corp lifted its position in Lloyds Banking Group by 17.0% during the third quarter. SYM FINANCIAL Corp now owns 15,864 shares of the financial services provider’s stock valued at $72,000 after purchasing an additional 2,309 shares during the period. Portside Wealth Group LLC boosted its holdings in Lloyds Banking Group by 18.2% in the third quarter. Portside Wealth Group LLC now owns 15,245 shares of the financial services provider’s stock valued at $69,000 after purchasing an additional 2,351 shares during the last quarter. Finally, Fiduciary Financial Group LLC grew its position in Lloyds Banking Group by 18.7% during the 3rd quarter. Fiduciary Financial Group LLC now owns 15,110 shares of the financial services provider’s stock worth $69,000 after purchasing an additional 2,380 shares during the period. 2.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on LYG shares. BNP Paribas Exane lowered Lloyds Banking Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 10th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Lloyds Banking Group in a research report on Tuesday, February 3rd. Morgan Stanley reaffirmed an “overweight” rating on shares of Lloyds Banking Group in a research note on Monday, November 24th. Weiss Ratings raised shares of Lloyds Banking Group from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, February 17th. Finally, Citigroup reiterated a “neutral” rating on shares of Lloyds Banking Group in a research note on Monday, December 1st. Seven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Lloyds Banking Group Trading Up 1.1%

Shares of LYG opened at $5.25 on Tuesday. Lloyds Banking Group PLC has a 12-month low of $3.27 and a 12-month high of $6.34. The firm has a market capitalization of $77.28 billion, a P/E ratio of 12.49, a P/E/G ratio of 0.52 and a beta of 0.86. The firm has a 50-day moving average price of $5.61 and a 200 day moving average price of $5.04. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 1.84.

Lloyds Banking Group (NYSE:LYG) last released its quarterly earnings results on Thursday, January 29th. The financial services provider reported $0.12 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $6.52 billion. Sell-side analysts forecast that Lloyds Banking Group PLC will post 0.27 EPS for the current year.

Lloyds Banking Group Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, May 29th. Investors of record on Friday, April 10th will be issued a dividend of $0.134 per share. This represents a yield of 447.0%. The ex-dividend date is Friday, April 10th. Lloyds Banking Group’s dividend payout ratio (DPR) is 30.95%.

Lloyds Banking Group 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.