O Shaughnessy Asset Management LLC Increases Holdings in Lloyds Banking Group plc (NYSE:LYG)

O Shaughnessy Asset Management LLC grew its holdings in Lloyds Banking Group plc (NYSE:LYG) by 195.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,833,546 shares of the financial services provider’s stock after acquiring an additional 1,875,688 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Lloyds Banking Group were worth $7,339,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the company. American Century Companies Inc. boosted its stake in Lloyds Banking Group by 6.1% during the third quarter. American Century Companies Inc. now owns 3,986,428 shares of the financial services provider’s stock valued at $8,491,000 after buying an additional 228,359 shares during the last quarter. First Eagle Investment Management LLC boosted its stake in Lloyds Banking Group by 9.2% during the first quarter. First Eagle Investment Management LLC now owns 4,060,740 shares of the financial services provider’s stock valued at $10,517,000 after buying an additional 343,753 shares during the last quarter. Ieq Capital LLC boosted its stake in Lloyds Banking Group by 94.4% during the fourth quarter. Ieq Capital LLC now owns 41,749 shares of the financial services provider’s stock valued at $100,000 after buying an additional 20,270 shares during the last quarter. First Trust Direct Indexing L.P. boosted its stake in Lloyds Banking Group by 4.1% during the fourth quarter. First Trust Direct Indexing L.P. now owns 309,779 shares of the financial services provider’s stock valued at $740,000 after buying an additional 12,334 shares during the last quarter. Finally, Pinnacle Associates Ltd. boosted its stake in Lloyds Banking Group by 8.0% during the fourth quarter. Pinnacle Associates Ltd. now owns 157,205 shares of the financial services provider’s stock valued at $376,000 after buying an additional 11,600 shares during the last quarter. 2.15% of the stock is currently owned by hedge funds and other institutional investors.

Lloyds Banking Group Trading Down 1.0 %

Shares of NYSE LYG traded down $0.03 during midday trading on Wednesday, hitting $3.00. The company’s stock had a trading volume of 13,798,250 shares, compared to its average volume of 9,128,194. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 1.82. The business’s 50 day moving average is $2.84 and its two-hundred day moving average is $2.55. Lloyds Banking Group plc has a 12-month low of $1.88 and a 12-month high of $3.06. The firm has a market cap of $46.89 billion, a P/E ratio of 7.92 and a beta of 1.35.

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

Analyst Upgrades and Downgrades

LYG has been the subject of several analyst reports. Berenberg Bank initiated coverage on Lloyds Banking Group in a research note on Thursday, April 25th. They issued a “hold” rating and a $2.75 price objective for the company. Deutsche Bank Aktiengesellschaft initiated coverage on Lloyds Banking Group in a research note on Thursday, May 9th. They issued a “buy” rating for the company. Finally, BNP Paribas raised Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a research note on Friday, July 5th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $44.25.

Lloyds Banking Group 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.