Parallel Advisors LLC Increases Stake in Lloyds Banking Group PLC (LYG)

Parallel Advisors LLC grew its position in Lloyds Banking Group PLC (NYSE:LYG) by 106.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 12,096 shares of the financial services provider’s stock after acquiring an additional 6,232 shares during the period. Parallel Advisors LLC’s holdings in Lloyds Banking Group were worth $39,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in LYG. Deutsche Bank AG raised its position in Lloyds Banking Group by 2,157.8% during the 4th quarter. Deutsche Bank AG now owns 5,284,852 shares of the financial services provider’s stock worth $13,529,000 after purchasing an additional 5,050,777 shares during the last quarter. Jane Street Group LLC raised its position in Lloyds Banking Group by 458.0% during the 4th quarter. Jane Street Group LLC now owns 6,112,419 shares of the financial services provider’s stock worth $15,648,000 after purchasing an additional 5,016,922 shares during the last quarter. Morningstar Investment Services LLC raised its position in Lloyds Banking Group by 1,516.1% during the 4th quarter. Morningstar Investment Services LLC now owns 4,645,132 shares of the financial services provider’s stock worth $11,892,000 after purchasing an additional 4,357,704 shares during the last quarter. FNY Investment Advisers LLC raised its position in Lloyds Banking Group by 389.3% during the 4th quarter. FNY Investment Advisers LLC now owns 3,708,750 shares of the financial services provider’s stock worth $9,494,000 after purchasing an additional 2,950,750 shares during the last quarter. Finally, OLD Mission Capital LLC raised its position in Lloyds Banking Group by 186.1% during the 4th quarter. OLD Mission Capital LLC now owns 3,958,898 shares of the financial services provider’s stock worth $10,135,000 after purchasing an additional 2,574,970 shares during the last quarter. Institutional investors own 1.63% of the company’s stock.

Shares of LYG opened at $3.11 on Thursday. The stock has a market capitalization of $55.58 billion, a PE ratio of 2.33 and a beta of 1.04. The company has a debt-to-equity ratio of 2.18, a current ratio of 1.49 and a quick ratio of 1.49. Lloyds Banking Group PLC has a one year low of $2.43 and a one year high of $3.63.

Lloyds Banking Group (NYSE:LYG) last released its quarterly earnings results on Wednesday, February 20th. The financial services provider reported $0.10 earnings per share (EPS) for the quarter. The business had revenue of $5.87 billion during the quarter. Lloyds Banking Group had a return on equity of 14.38% and a net margin of 17.72%. On average, sell-side analysts forecast that Lloyds Banking Group PLC will post 0.45 earnings per share for the current fiscal year.

The business also recently declared a semiannual dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, April 5th will be paid a dividend of $0.1119 per share. The ex-dividend date of this dividend is Thursday, April 4th. This represents a yield of 7.02%.

Several research analysts recently issued reports on LYG shares. Zacks Investment Research raised Lloyds Banking Group from a “hold” rating to a “strong-buy” rating and set a $3.75 target price for the company in a research report on Saturday, May 11th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Lloyds Banking Group in a research report on Tuesday, January 22nd. Bank of America downgraded Lloyds Banking Group from a “buy” rating to an “underperform” rating in a research note on Thursday, April 18th. Keefe, Bruyette & Woods upgraded Lloyds Banking Group from an “underperform” rating to an “outperform” rating in a research note on Thursday, January 24th. Finally, Goldman Sachs Group upgraded Lloyds Banking Group from a “sell” rating to a “neutral” rating in a research note on Monday, March 11th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Lloyds Banking Group has a consensus rating of “Hold” and a consensus target price of $3.75.

TRADEMARK VIOLATION WARNING: This piece of content was first published by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece of content on another site, it was stolen and reposted in violation of US & international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.com-unik.info/2019/05/16/parallel-advisors-llc-increases-stake-in-lloyds-banking-group-plc-lyg.html.

Lloyds Banking Group Company Profile

Lloyds Banking Group plc provides banking and financial services under the Lloyds Bank, Halifax, Bank of Scotland, and Scottish Widows brands in the United Kingdom and internationally. It operates through three segments: Retail, Commercial Banking, and Insurance and Wealth. The Retail segment offers a range of financial service products, including current accounts, savings accounts, mortgages, motor finance, unsecured consumer loans, leasing solutions, and credit cards to personal and small business customers.

Featured Article: Benefits of owning preferred stock

Want to see what other hedge funds are holding LYG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lloyds Banking Group PLC (NYSE:LYG).

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

Receive News & Ratings for Lloyds Banking Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lloyds Banking Group and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit