Lloyds Banking Group PLC (LYG) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its stake in shares of Lloyds Banking Group PLC (NYSE:LYG) by 43.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 866,412 shares of the financial services provider’s stock after purchasing an additional 262,379 shares during the quarter. Bank of New York Mellon Corp’s holdings in Lloyds Banking Group were worth $3,248,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its position in shares of Lloyds Banking Group by 1.8% during the 3rd quarter. Wells Fargo & Company MN now owns 3,221,781 shares of the financial services provider’s stock worth $11,792,000 after purchasing an additional 57,289 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Lloyds Banking Group during the 4th quarter worth about $466,000. Aperio Group LLC boosted its position in shares of Lloyds Banking Group by 6.2% during the 4th quarter. Aperio Group LLC now owns 1,507,395 shares of the financial services provider’s stock worth $5,653,000 after purchasing an additional 88,446 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of Lloyds Banking Group by 8.1% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 9,788,783 shares of the financial services provider’s stock worth $35,827,000 after purchasing an additional 735,500 shares in the last quarter. Finally, BB&T Corp boosted its position in shares of Lloyds Banking Group by 181.5% during the 4th quarter. BB&T Corp now owns 466,210 shares of the financial services provider’s stock worth $1,749,000 after purchasing an additional 300,604 shares in the last quarter. 2.40% of the stock is currently owned by institutional investors.

Shares of NYSE LYG opened at $3.96 on Friday. Lloyds Banking Group PLC has a fifty-two week low of $3.17 and a fifty-two week high of $4.21. The stock has a market capitalization of $69,908.10, a P/E ratio of 7.20 and a beta of 0.89. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.84.



Lloyds Banking Group (NYSE:LYG) last announced its quarterly earnings results on Tuesday, February 20th. The financial services provider reported $0.13 earnings per share for the quarter. Lloyds Banking Group had a net margin of 12.81% and a return on equity of 19.07%. The business had revenue of $12.88 billion for the quarter. sell-side analysts expect that Lloyds Banking Group PLC will post 0.5 earnings per share for the current year.

The company also recently disclosed a semiannual dividend, which will be paid on Friday, June 8th. Shareholders of record on Friday, April 20th will be paid a $0.1141 dividend. This is a positive change from Lloyds Banking Group’s previous semiannual dividend of $0.08. The ex-dividend date of this dividend is Thursday, April 19th. This represents a yield of 6.01%. Lloyds Banking Group’s dividend payout ratio (DPR) is 9.09%.

Several equities analysts recently weighed in on LYG shares. JPMorgan Chase reaffirmed a “buy” rating on shares of Lloyds Banking Group in a research report on Monday, March 19th. BNP Paribas raised shares of Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a research report on Wednesday, January 17th. Davy Research cut shares of Lloyds Banking Group from an “outperform” rating to a “neutral” rating in a research report on Wednesday, February 14th. Goldman Sachs reaffirmed a “sell” rating on shares of Lloyds Banking Group in a research report on Tuesday, January 9th. Finally, Deutsche Bank reaffirmed a “buy” rating on shares of Lloyds Banking Group in a research report on Friday, February 9th. Five equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $4.25.

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About Lloyds Banking Group

Lloyds Banking Group plc is a provider of financial services to individual and business customers in the United Kingdom. The Company’s main business activities are retail and commercial banking, general insurance, and long-term savings, protection and investment. The Company’s segments are Retail, Commercial Banking, Consumer Finance, Insurance and Other.

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

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