1 week Ago By Defense World Staff
Norges Bank bought a new position in shares of Lloyds Banking Group plc ( NYSE:LYG – Free Report ) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,000,000 shares of the financial services provider’s stock, valued at approximately $5,440,000. A number of other institutional investors and hedge funds also recently modified their holdings of the company.
JPMorgan Chase & Co. boosted its holdings in shares of Lloyds Banking Group by 58.5% during the third quarter.
JPMorgan Chase & Co. now owns 6,659,629 shares of the financial services provider’s stock worth $20,778,000 after acquiring an additional 2,456,914 shares during the period. American Century Companies Inc.
increased its holdings in Lloyds Banking Group by 10.1% in the 4th quarter. American Century Companies Inc.
now owns 6,611,908 shares of the financial services provider’s stock valued at $17,984,000 after buying an additional 604,924 shares during the period. First Eagle Investment Management LLC raised its position in Lloyds Banking Group by 2.8% during the fourth quarter.
First Eagle Investment Management LLC now owns 5,601,459 shares of the financial services provider’s stock valued at $15,236,000 after purchasing an additional 150,178 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Lloyds Banking Group during the 4th quarter worth $11,226,000.
Finally, Bard Financial Services Inc. lifted its holdings in shares of Lloyds Banking Group by 0.6% in the fourth quarter.
Bard Financial Services Inc. now owns 2,426,305 shares of the financial services provider’s stock worth $6,600,000 after acquiring an additional 13,500 shares during the last quarter. 2.
15% of the stock is owned by institutional investors. Analyst Ratings Changes A number of analysts have recently commented on the company. HSBC raised Lloyds Banking Group from a “hold” rating to a “buy” rating in a research note on Tuesday, April 1st.
Keefe, Bruyette & Woods lowered Lloyds Banking Group from an “outperform” rating to a “market perform” rating in a research report on Tuesday, March 11th. Morgan Stanley upgraded shares of Lloyds Banking Group from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, March 4th. Finally, Hsbc Global Res upgraded Lloyds Banking Group to a “strong-buy” rating in a report on Thursday, March 20th.
Seven research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $2.
75. Lloyds Banking Group Price Performance Shares of Lloyds Banking Group stock opened at $3.62 on Thursday.
The business’s 50 day simple moving average is $3.52 and its two-hundred day simple moving average is $3.09.
Lloyds Banking Group plc has a one year low of $2.42 and a one year high of $3.91.
The stock has a market capitalization of $54.99 billion, a P/E ratio of 10.97 and a beta of 0.
95. Lloyds Banking Group ( NYSE:LYG – Get Free Report ) last announced its quarterly earnings results on Thursday, February 20th. The financial services provider reported $0.
05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.03).
The company had revenue of $9.46 billion for the quarter, compared to analysts’ expectations of $4.76 billion.
Lloyds Banking Group had a net margin of 11.45% and a return on equity of 8.46%.
Sell-side analysts expect that Lloyds Banking Group plc will post 0.27 earnings per share for the current fiscal year. Lloyds Banking Group Increases Dividend The company also recently disclosed a semi-annual dividend, which will be paid on Friday, May 30th.
Investors of record on Friday, April 11th will be issued a $0.1035 dividend. This is a positive change from Lloyds Banking Group’s previous semi-annual dividend of $0.
05. This represents a yield of 4%. The ex-dividend date is Friday, April 11th.
Lloyds Banking Group’s payout ratio is presently 60.61%. About Lloyds Banking Group ( Free Report ) Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom and internationally.
It operates in three segments: Retail; Commercial Banking; and Insurance, Pensions and Investments. The Retail segment offers a range of financial service products, including current accounts, savings, mortgages, motor finance, unsecured loans, leasing solutions, and credit cards to personal customers. Featured Stories Five stocks we like better than Lloyds Banking Group How to Start Investing in Real Estate Quantum Computing: The $6.
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