Qtron Investments LLC Buys 270,129 Shares of Lloyds Banking Group plc (NYSE:LYG)

Qtron Investments LLC increased its stake in Lloyds Banking Group plc (NYSE:LYGFree Report) by 272.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 369,351 shares of the financial services provider’s stock after acquiring an additional 270,129 shares during the period. Qtron Investments LLC’s holdings in Lloyds Banking Group were worth $883,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ieq Capital LLC raised its position in Lloyds Banking Group by 54.1% during the 3rd quarter. Ieq Capital LLC now owns 21,479 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 7,538 shares during the last quarter. Lincoln National Corp raised its position in shares of Lloyds Banking Group by 44.7% in the 3rd quarter. Lincoln National Corp now owns 47,013 shares of the financial services provider’s stock worth $100,000 after acquiring an additional 14,524 shares in the last quarter. Quantbot Technologies LP raised its position in shares of Lloyds Banking Group by 110.2% in the 3rd quarter. Quantbot Technologies LP now owns 287,358 shares of the financial services provider’s stock worth $612,000 after acquiring an additional 150,630 shares in the last quarter. Avantax Advisory Services Inc. raised its position in shares of Lloyds Banking Group by 134.9% in the 3rd quarter. Avantax Advisory Services Inc. now owns 78,452 shares of the financial services provider’s stock worth $167,000 after acquiring an additional 45,050 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Lloyds Banking Group by 14.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 436,080 shares of the financial services provider’s stock worth $929,000 after acquiring an additional 56,658 shares in the last quarter. Institutional investors own 2.15% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on LYG. Bank of America raised Lloyds Banking Group from a “neutral” rating to a “buy” rating in a research report on Thursday, March 21st. Deutsche Bank Aktiengesellschaft assumed coverage on Lloyds Banking Group in a research note on Thursday, May 9th. They issued a “buy” rating on the stock. Finally, Berenberg Bank assumed coverage on Lloyds Banking Group in a research note on Thursday, April 25th. They issued a “hold” rating and a $2.75 price target on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $52.55.

Read Our Latest Research Report on LYG

Lloyds Banking Group Stock Performance

Lloyds Banking Group stock opened at $2.82 on Friday. The stock’s 50 day moving average is $2.64 and its 200 day moving average is $2.40. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 1.82. Lloyds Banking Group plc has a twelve month low of $1.88 and a twelve month high of $2.87. The company has a market capitalization of $44.57 billion, a P/E ratio of 7.42, a PEG ratio of 1.18 and a beta of 1.34.

Lloyds Banking Group (NYSE:LYGGet Free Report) last issued its earnings results on Wednesday, April 24th. The financial services provider reported $0.09 EPS for the quarter. Lloyds Banking Group had a return on equity of 10.35% and a net margin of 13.41%. The business had revenue of $14.35 billion for the quarter. On average, equities research analysts predict that Lloyds Banking Group plc will post 0.32 earnings per share for the current fiscal year.

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 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.

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Institutional Ownership by Quarter for Lloyds Banking Group (NYSE:LYG)

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