Lloyds Banking Group PLC (LYG) Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC raised its stake in Lloyds Banking Group PLC (NYSE:LYG) by 27.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,766,200 shares of the financial services provider’s stock after acquiring an additional 379,617 shares during the quarter. Renaissance Technologies LLC’s holdings in Lloyds Banking Group were worth $6,623,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. ETRADE Capital Management LLC boosted its stake in Lloyds Banking Group by 144.6% in the fourth quarter. ETRADE Capital Management LLC now owns 532,570 shares of the financial services provider’s stock valued at $1,997,000 after acquiring an additional 314,806 shares during the last quarter. MML Investors Services LLC purchased a new position in Lloyds Banking Group in the fourth quarter valued at about $258,000. Lombard Odier Asset Management Switzerland SA purchased a new position in Lloyds Banking Group in the fourth quarter valued at about $834,000. Dorsey & Whitney Trust CO LLC boosted its stake in Lloyds Banking Group by 144.4% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 35,688 shares of the financial services provider’s stock valued at $133,000 after acquiring an additional 21,084 shares during the last quarter. Finally, Icon Wealth Partners LLC purchased a new position in Lloyds Banking Group in the fourth quarter valued at about $143,000. Hedge funds and other institutional investors own 2.40% of the company’s stock.

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NYSE LYG opened at $3.96 on Friday. Lloyds Banking Group PLC has a 12-month low of $3.17 and a 12-month high of $4.21. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.40 and a current ratio of 1.40. The company has a market capitalization of $69,908.10, a PE ratio of 7.20 and a beta of 0.89.

Lloyds Banking Group (NYSE:LYG) last posted its quarterly earnings results on Tuesday, February 20th. The financial services provider reported $0.13 earnings per share (EPS) for the quarter. Lloyds Banking Group had a net margin of 12.81% and a return on equity of 19.07%. The company had revenue of $12.88 billion for the quarter. research analysts predict that Lloyds Banking Group PLC will post 0.5 earnings per share for the current fiscal year.

The firm also recently declared a semiannual dividend, which will be paid on Friday, June 8th. Stockholders of record on Friday, April 20th will be given a $0.1141 dividend. The ex-dividend date is Thursday, April 19th. This represents a dividend yield of 6.01%. This is a positive change from Lloyds Banking Group’s previous semiannual dividend of $0.08. Lloyds Banking Group’s payout ratio is 9.09%.

A number of research firms have weighed in on LYG. JPMorgan Chase reiterated a “buy” rating on shares of Lloyds Banking Group in a research note on Thursday, February 1st. BNP Paribas raised shares of Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a research report on Wednesday, January 17th. Zacks Investment Research raised shares of Lloyds Banking Group from a “hold” rating to a “buy” rating and set a $4.25 price target on the stock in a research report on Tuesday, March 6th. Exane BNP Paribas lowered shares of Lloyds Banking Group from an “outperform” rating to a “neutral” rating in a research report on Monday, March 5th. Finally, Morgan Stanley lowered shares of Lloyds Banking Group from an “overweight” rating to an “equal” rating in a research report on Wednesday, January 10th. Five analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. Lloyds Banking Group currently has an average rating of “Hold” and a consensus price target of $4.25.

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Lloyds Banking Group Profile

Lloyds Banking Group plc is a provider of financial services to individual and business customers in the United Kingdom. The Company’s main business activities are retail and commercial banking, general insurance, and long-term savings, protection and investment. The Company’s segments are Retail, Commercial Banking, Consumer Finance, Insurance and Other.

Institutional Ownership by Quarter for Lloyds Banking Group (NYSE:LYG)

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