Lloyds Banking Group plc (NYSE:LYG) Shares Purchased by QRG Capital Management Inc.

QRG Capital Management Inc. raised its holdings in shares of Lloyds Banking Group plc (NYSE:LYG) by 21.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,372,753 shares of the financial services provider’s stock after buying an additional 411,616 shares during the quarter. QRG Capital Management Inc.’s holdings in Lloyds Banking Group were worth $6,454,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. FMR LLC grew its holdings in Lloyds Banking Group by 14.7% in the 3rd quarter. FMR LLC now owns 19,280,034 shares of the financial services provider’s stock valued at $60,154,000 after buying an additional 2,472,263 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Lloyds Banking Group by 58.5% in the third quarter. JPMorgan Chase & Co. now owns 6,659,629 shares of the financial services provider’s stock valued at $20,778,000 after purchasing an additional 2,456,914 shares during the period. Crossmark Global Holdings Inc. increased its position in Lloyds Banking Group by 0.4% during the third quarter. Crossmark Global Holdings Inc. now owns 4,894,063 shares of the financial services provider’s stock worth $15,269,000 after purchasing an additional 18,494 shares during the last quarter. Bard Financial Services Inc. raised its stake in Lloyds Banking Group by 0.6% during 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 purchasing an additional 13,500 shares during the period. Finally, Citigroup Inc. boosted its holdings in Lloyds Banking Group by 58.3% in the 3rd quarter. Citigroup Inc. now owns 1,703,943 shares of the financial services provider’s stock valued at $5,316,000 after purchasing an additional 627,592 shares during the last quarter. 2.15% of the stock is currently owned by institutional investors and hedge funds.

Lloyds Banking Group Stock Up 2.0 %

Shares of Lloyds Banking Group stock opened at $3.77 on Friday. The firm has a market cap of $57.18 billion, a PE ratio of 11.41 and a beta of 1.31. Lloyds Banking Group plc has a 52 week low of $2.33 and a 52 week high of $3.78. The business’s fifty day simple moving average is $3.00 and its 200-day simple moving average is $2.96.

Lloyds Banking Group (NYSE:LYG) last posted its earnings results on Thursday, February 20th. The financial services provider reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). Lloyds Banking Group had a net margin of 11.45% and a return on equity of 8.46%. The company had revenue of $9.46 billion during the quarter, compared to analyst estimates of $4.76 billion. As a group, equities analysts expect that Lloyds Banking Group plc will post 0.27 earnings per share for the current year.

Lloyds Banking Group Increases Dividend

The business also recently announced 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 represents a yield of 4%. The ex-dividend date of this dividend is Friday, April 11th. This is an increase from Lloyds Banking Group’s previous semi-annual dividend of $0.05. Lloyds Banking Group’s dividend payout ratio (DPR) is 30.30%.

Lloyds Banking Group 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.