O Shaughnessy Asset Management LLC Boosts Position in Lloyds Banking Group PLC $LYG

O Shaughnessy Asset Management LLC boosted its holdings in Lloyds Banking Group PLC (NYSE:LYG) by 6.9% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 3,055,373 shares of the financial services provider’s stock after buying an additional 196,875 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Lloyds Banking Group were worth $16,193,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of LYG. Mondrian Investment Partners LTD purchased a new position in Lloyds Banking Group in the third quarter valued at approximately $285,004,000. CIBC Bancorp USA Inc. acquired a new stake in Lloyds Banking Group in the third quarter valued at approximately $63,928,000. UBS Group AG grew its position in Lloyds Banking Group by 53.9% in the third quarter. UBS Group AG now owns 6,614,695 shares of the financial services provider’s stock valued at $30,031,000 after acquiring an additional 2,317,927 shares in the last quarter. Jane Street Group LLC grew its position in Lloyds Banking Group by 178.3% in the second quarter. Jane Street Group LLC now owns 2,261,115 shares of the financial services provider’s stock valued at $9,610,000 after acquiring an additional 1,448,691 shares in the last quarter. Finally, Millennium Management LLC grew its position in Lloyds Banking Group by 17.4% in the third quarter. Millennium Management LLC now owns 8,815,679 shares of the financial services provider’s stock valued at $40,023,000 after acquiring an additional 1,309,359 shares in the last quarter. Hedge funds and other institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Stock Performance

Lloyds Banking Group stock opened at $5.34 on Wednesday. The company has a market cap of $78.02 billion, a PE ratio of 12.13, a P/E/G ratio of 0.53 and a beta of 0.87. The company has a fifty day moving average price of $5.36 and a two-hundred day moving average price of $5.37. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.56 and a quick ratio of 0.56. Lloyds Banking Group PLC has a 12 month low of $3.98 and a 12 month high of $6.34.

Lloyds Banking Group (NYSE:LYG) last posted its earnings results on Tuesday, March 31st. The financial services provider reported $0.13 earnings per share (EPS) for the quarter. The company had revenue of $6.87 billion for the quarter. Lloyds Banking Group had a return on equity of 10.63% and a net margin of 25.11%. Research analysts expect that Lloyds Banking Group PLC will post 0.53 earnings per share for the current year.

Wall Street Analysts Forecast Growth

LYG has been the subject of several recent research reports. Weiss Ratings downgraded shares of Lloyds Banking Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Wall Street Zen raised shares of Lloyds Banking Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. UBS Group raised shares of Lloyds Banking Group from a “neutral” rating to a “buy” rating in a research report on Thursday, April 30th. Finally, Citigroup reaffirmed a “buy” rating on shares of Lloyds Banking Group in a research report on Thursday, April 30th. Seven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Lloyds Banking Group Profile

Lloyds Banking Group plc is a UK-based banking and financial services company that provides a broad range of retail, commercial and insurance products. Its principal consumer-facing brands include Lloyds Bank, Halifax and Bank of Scotland, through which it offers current accounts, savings, mortgages, credit cards and personal loans. The group also delivers services to small and medium-sized enterprises (SMEs) and larger corporate clients, supplying business accounts, lending, payments and cash-management solutions.

In addition to core banking, Lloyds operates a significant wealth and insurance arm under the Scottish Widows brand, offering life insurance, pensions, investment and retirement planning products.