Integrated Quantitative Investments LLC Invests $422,000 in Lloyds Banking Group plc (NYSE:LYG)

Integrated Quantitative Investments LLC acquired a new stake in Lloyds Banking Group plc (NYSE:LYG) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 155,300 shares of the financial services provider’s stock, valued at approximately $422,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership boosted its stake in shares of Lloyds Banking Group by 11.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 26,669,053 shares of the financial services provider’s stock worth $72,540,000 after acquiring an additional 2,713,559 shares in the last quarter. FMR LLC raised its holdings in Lloyds Banking Group by 14.7% during the third quarter. FMR LLC now owns 19,280,034 shares of the financial services provider’s stock worth $60,154,000 after purchasing an additional 2,472,263 shares during the last quarter. JPMorgan Chase & Co. boosted its position in 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 purchasing an additional 2,456,914 shares in the last quarter. American Century Companies Inc. grew its holdings in Lloyds Banking Group by 10.1% in the fourth quarter. American Century Companies Inc. now owns 6,611,908 shares of the financial services provider’s stock valued at $17,984,000 after purchasing an additional 604,924 shares during the last quarter. Finally, First Eagle Investment Management LLC increased its position in shares of Lloyds Banking Group by 2.8% in 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 buying an additional 150,178 shares in the last quarter. 2.15% of the stock is currently owned by institutional investors and hedge funds.

Lloyds Banking Group Price Performance

Shares of NYSE LYG opened at $3.39 on Friday. The company has a market cap of $51.42 billion, a PE ratio of 10.26 and a beta of 1.25. The company has a 50-day simple moving average of $3.49 and a 200-day simple moving average of $3.08. Lloyds Banking Group plc has a 12 month low of $2.42 and a 12 month high of $3.91.

Lloyds Banking Group (NYSE:LYG) last released its earnings results on Thursday, February 20th. The financial services provider reported $0.05 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.03). Lloyds Banking Group had a return on equity of 8.46% and a net margin of 11.45%. The firm had revenue of $9.46 billion during the quarter, compared to analysts’ expectations of $4.76 billion. On average, analysts anticipate that Lloyds Banking Group plc will post 0.27 EPS for the current year.

Lloyds Banking Group Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Friday, May 30th. Investors of record on Friday, April 11th will be given a dividend of $0.1035 per share. The ex-dividend date is Friday, April 11th. This is an increase from Lloyds Banking Group’s previous semi-annual dividend of $0.05. This represents a yield of 4%. Lloyds Banking Group’s dividend payout ratio is 60.61%.

Analysts Set New Price Targets

Several equities research analysts recently commented on LYG shares. Hsbc Global Res upgraded shares of Lloyds Banking Group to a “strong-buy” rating in a research report on Thursday, March 20th. HSBC raised shares of Lloyds Banking Group from a “hold” rating to a “buy” rating in a report on Tuesday. Morgan Stanley raised shares of Lloyds Banking Group from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, March 4th. Finally, Keefe, Bruyette & Woods lowered Lloyds Banking Group from an “outperform” rating to a “market perform” rating in a research note on Tuesday, March 11th. Seven investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.