Signaturefd LLC Increases Stock Holdings in Lloyds Banking Group plc (NYSE:LYG)

Signaturefd LLC increased its holdings in shares of Lloyds Banking Group plc (NYSE:LYG) by 45.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 251,726 shares of the financial services provider’s stock after buying an additional 79,145 shares during the quarter. Signaturefd LLC’s holdings in Lloyds Banking Group were worth $602,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mondrian Investment Partners LTD lifted its position in Lloyds Banking Group by 8.7% during the 3rd quarter. Mondrian Investment Partners LTD now owns 29,131,456 shares of the financial services provider’s stock worth $62,050,000 after acquiring an additional 2,336,000 shares during the period. QRG Capital Management Inc. acquired a new stake in Lloyds Banking Group during the 3rd quarter worth about $1,807,000. Natixis Advisors L.P. lifted its position in Lloyds Banking Group by 16.2% during the 3rd quarter. Natixis Advisors L.P. now owns 5,281,855 shares of the financial services provider’s stock worth $11,250,000 after acquiring an additional 735,219 shares during the period. Acadian Asset Management LLC acquired a new stake in Lloyds Banking Group during the 3rd quarter worth about $1,363,000. Finally, Raymond James & Associates lifted its position in Lloyds Banking Group by 23.9% during the 4th quarter. Raymond James & Associates now owns 2,443,769 shares of the financial services provider’s stock worth $5,841,000 after acquiring an additional 471,656 shares during the period. 2.15% of the stock is currently owned by hedge funds and other institutional investors.

Lloyds Banking Group Stock Performance

Shares of LYG stock opened at $2.56 on Wednesday. The stock has a market cap of $40.70 billion, a PE ratio of 6.39, a price-to-earnings-growth ratio of 1.04 and a beta of 1.32. The business has a 50-day simple moving average of $2.45 and a 200-day simple moving average of $2.27. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 1.81. Lloyds Banking Group plc has a 52-week low of $1.88 and a 52-week high of $2.72.

Lloyds Banking Group (NYSE:LYG) last issued its quarterly earnings data on Thursday, February 22nd. The financial services provider reported $0.11 earnings per share (EPS) for the quarter. The business had revenue of $19.05 billion during the quarter. Lloyds Banking Group had a return on equity of 11.29% and a net margin of 17.97%. On average, equities analysts expect that Lloyds Banking Group plc will post 0.32 EPS for the current year.

Lloyds Banking Group Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Friday, May 31st. Investors of record on Friday, April 12th will be paid a $0.046 dividend. The ex-dividend date of this dividend is Thursday, April 11th. This represents a dividend yield of 5.9%. Lloyds Banking Group’s dividend payout ratio is presently 45.00%.

Analysts Set New Price Targets

Separately, Bank of America raised Lloyds Banking Group from a “neutral” rating to a “buy” rating in a research report on Thursday, March 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $64.17.

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.