Lloyds Banking Group plc (NYSE:LYG) Shares Purchased by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP boosted its position in Lloyds Banking Group plc (NYSE:LYG – Free Report) by 14.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,929,683 shares of the financial services provider’s stock after buying an additional 2,270,827 shares during the quarter. Dimensional Fund Advisors LP owned 0.11% of Lloyds Banking Group worth $39,397,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the stock. Centurion Wealth Management LLC raised its stake in shares of Lloyds Banking Group by 31.5% in the 2nd quarter. Centurion Wealth Management LLC now owns 19,514 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 4,670 shares in the last quarter. Spire Wealth Management raised its stake in shares of Lloyds Banking Group by 31.5% in the 2nd quarter. Spire Wealth Management now owns 19,515 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 4,670 shares in the last quarter. Advisory Services Network LLC raised its stake in shares of Lloyds Banking Group by 5.7% in the 1st quarter. Advisory Services Network LLC now owns 87,891 shares of the financial services provider’s stock valued at $204,000 after purchasing an additional 4,744 shares in the last quarter. Drive Wealth Management LLC raised its stake in shares of Lloyds Banking Group by 17.5% in the 2nd quarter. Drive Wealth Management LLC now owns 33,401 shares of the financial services provider’s stock valued at $73,000 after purchasing an additional 4,974 shares in the last quarter. Finally, West Family Investments Inc. raised its stake in shares of Lloyds Banking Group by 6.7% in the 1st quarter. West Family Investments Inc. now owns 81,755 shares of the financial services provider’s stock valued at $197,000 after purchasing an additional 5,124 shares in the last quarter. Institutional investors and hedge funds own 2.15% of the company’s stock.
Lloyds Banking Group Price Performance
NYSE LYG opened at $2.25 on Friday. Lloyds Banking Group plc has a 52 week low of $1.88 and a 52 week high of $2.63. The company has a current ratio of 1.48, a quick ratio of 1.16 and a debt-to-equity ratio of 2.06. The stock has a market cap of $35.75 billion, a price-to-earnings ratio of 5.77, a price-to-earnings-growth ratio of 0.51 and a beta of 1.31. The company has a 50-day moving average price of $2.06 and a two-hundred day moving average price of $2.15.
Lloyds Banking Group (NYSE:LYG – Get Free Report) last posted its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. The business had revenue of $5.72 billion during the quarter. Lloyds Banking Group had a net margin of 20.61% and a return on equity of 11.48%. Analysts forecast that Lloyds Banking Group plc will post 0.38 EPS for the current year.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on LYG shares. StockNews.com assumed coverage on shares of Lloyds Banking Group in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. Morgan Stanley upgraded shares of Lloyds Banking Group from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, November 28th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Lloyds Banking Group from GBX 63 ($0.80) to GBX 62 ($0.78) in a research note on Friday, September 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $63.29.
Get Our Latest Report on Lloyds Banking Group
Lloyds Banking Group Profile (Free Report)
Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom. It operates through 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 and small business customers.
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