Quantbot Technologies LP Raises Stock Holdings in Lloyds Banking Group PLC $LYG

Quantbot Technologies LP boosted its holdings in Lloyds Banking Group PLC (NYSE:LYG) by 430.5% during the 2nd quarter, Holdings Channel reports. The firm owned 479,674 shares of the financial services provider’s stock after acquiring an additional 389,255 shares during the period. Quantbot Technologies LP’s holdings in Lloyds Banking Group were worth $2,039,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Townsquare Capital LLC raised its position in Lloyds Banking Group by 4.2% in the first quarter. Townsquare Capital LLC now owns 1,596,132 shares of the financial services provider’s stock worth $6,097,000 after acquiring an additional 64,952 shares during the period. ICONIQ Capital LLC increased its stake in shares of Lloyds Banking Group by 194.1% during the 1st quarter. ICONIQ Capital LLC now owns 87,502 shares of the financial services provider’s stock worth $334,000 after purchasing an additional 57,750 shares during the last quarter. Beck Bode LLC purchased a new position in Lloyds Banking Group in the second quarter valued at approximately $5,254,000. ABC Arbitrage SA bought a new position in Lloyds Banking Group during the second quarter valued at $1,689,000. Finally, American Century Companies Inc. increased its position in Lloyds Banking Group by 6.0% in the first quarter. American Century Companies Inc. now owns 7,011,774 shares of the financial services provider’s stock worth $26,785,000 after buying an additional 399,866 shares during the last quarter. 2.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Morgan Stanley reaffirmed an “overweight” rating on shares of Lloyds Banking Group in a research report on Monday, November 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lloyds Banking Group in a report on Friday, October 31st. Citigroup reiterated a “neutral” rating on shares of Lloyds Banking Group in a research note on Monday, December 1st. Kepler Capital Markets upgraded shares of Lloyds Banking Group from a “hold” rating to a “buy” rating in a research note on Thursday, October 9th. Finally, Wall Street Zen lowered shares of Lloyds Banking Group from a “buy” rating to a “hold” rating in a research note on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Lloyds Banking Group Trading Down 1.1%

Shares of Lloyds Banking Group stock opened at $5.12 on Friday. The company’s 50-day moving average price is $4.71 and its 200-day moving average price is $4.45. The company has a current ratio of 0.55, a quick ratio of 0.53 and a debt-to-equity ratio of 1.94. Lloyds Banking Group PLC has a 12-month low of $2.56 and a 12-month high of $5.22. The company has a market cap of $75.64 billion, a price-to-earnings ratio of 14.61, a PEG ratio of 0.71 and a beta of 0.90.

Lloyds Banking Group (NYSE:LYG) last posted its earnings results on Thursday, October 23rd. The financial services provider reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.07). Lloyds Banking Group had a return on equity of 8.38% and a net margin of 18.04%.The firm had revenue of $6.56 billion for the quarter, compared to the consensus estimate of $5.02 billion. On average, equities analysts expect that Lloyds Banking Group PLC will post 0.27 earnings per share for the current fiscal year.

About Lloyds Banking Group

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.