Lloyds Banking Group plc (NYSE:LYG) Shares Acquired by AQR Capital Management LLC

AQR Capital Management LLC increased its holdings in Lloyds Banking Group plc (NYSE:LYG) by 323.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 136,599 shares of the financial services provider’s stock after acquiring an additional 104,326 shares during the quarter. AQR Capital Management LLC’s holdings in Lloyds Banking Group were worth $373,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Transcend Capital Advisors LLC acquired a new stake in Lloyds Banking Group during the 2nd quarter worth approximately $28,000. Interchange Capital Partners LLC acquired a new stake in shares of Lloyds Banking Group during the second quarter worth $28,000. Intergy Private Wealth LLC purchased a new position in Lloyds Banking Group in the 2nd quarter valued at $29,000. Susquehanna International Securities Ltd. acquired a new position in Lloyds Banking Group in the 1st quarter valued at $30,000. Finally, Tcwp LLC purchased a new position in Lloyds Banking Group during the 2nd quarter worth $32,000. Hedge funds and other institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Stock Down 0.3 %

Lloyds Banking Group stock opened at $3.10 on Wednesday. Lloyds Banking Group plc has a fifty-two week low of $1.88 and a fifty-two week high of $3.18. The firm has a market capitalization of $48.45 billion, a price-to-earnings ratio of 8.16 and a beta of 1.34. The stock’s fifty day moving average is $3.04 and its two-hundred day moving average is $2.86. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.48 and a current ratio of 1.45.

Lloyds Banking Group (NYSE:LYG) last issued its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.09 EPS for the quarter. The firm had revenue of $9.55 billion for the quarter. Lloyds Banking Group had a net margin of 12.40% and a return on equity of 10.34%. Analysts predict that Lloyds Banking Group plc will post 0.32 EPS for the current fiscal year.

Lloyds Banking Group Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Friday, September 20th. Investors of record on Monday, August 5th were given a dividend of $0.0546 per share. This is an increase from Lloyds Banking Group’s previous semi-annual dividend of $0.05. This represents a dividend yield of 4.4%. The ex-dividend date of this dividend was Monday, August 5th. Lloyds Banking Group’s payout ratio is currently 26.32%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on LYG. BNP Paribas upgraded shares of Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a research note on Friday, July 5th. Kepler Capital Markets initiated coverage on Lloyds Banking Group in a research note on Thursday, September 5th. They set a “hold” rating for the company. UBS Group restated a “neutral” rating on shares of Lloyds Banking Group in a research note on Tuesday, July 30th. The Goldman Sachs Group began coverage on Lloyds Banking Group in a research report on Friday, October 4th. They issued a “neutral” rating for the company. Finally, Royal Bank of Canada lowered shares of Lloyds Banking Group from an “outperform” rating to a “sector perform” rating in a research report on Friday, July 26th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $2.75.

Lloyds Banking Group Company Profile

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.