O Shaughnessy Asset Management LLC Has $11.89 Million Stock Position in Lloyds Banking Group plc (NYSE:LYG)

O Shaughnessy Asset Management LLC cut its stake in shares of Lloyds Banking Group plc (NYSE:LYG) by 10.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,370,608 shares of the financial services provider’s stock after selling 516,922 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Lloyds Banking Group were worth $11,888,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership grew its position in shares of Lloyds Banking Group by 11.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 26,669,053 shares of the financial services provider’s stock worth $72,540,000 after buying an additional 2,713,559 shares during the period. Norges Bank bought a new position in Lloyds Banking Group during the 4th quarter worth approximately $5,440,000. Jackson Thornton Wealth Management LLC acquired a new position in Lloyds Banking Group during the fourth quarter valued at approximately $34,000. American Century Companies Inc. increased its stake in Lloyds Banking Group by 10.1% in the fourth quarter. American Century Companies Inc. now owns 6,611,908 shares of the financial services provider’s stock valued at $17,984,000 after purchasing an additional 604,924 shares in the last quarter. Finally, Quantbot Technologies LP raised its holdings in Lloyds Banking Group by 389.2% in the fourth quarter. Quantbot Technologies LP now owns 133,398 shares of the financial services provider’s stock worth $363,000 after purchasing an additional 106,128 shares during the period. Institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Trading Down 0.4 %

LYG stock opened at $3.83 on Tuesday. The stock has a market cap of $58.10 billion, a PE ratio of 11.59 and a beta of 1.25. The stock has a 50-day moving average price of $3.44 and a two-hundred day moving average price of $3.07. Lloyds Banking Group plc has a 1 year low of $2.42 and a 1 year high of $3.91.

Lloyds Banking Group (NYSE:LYG) last announced its earnings results on Thursday, February 20th. The financial services provider reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). Lloyds Banking Group had a net margin of 11.45% and a return on equity of 8.46%. The firm had revenue of $9.46 billion during the quarter, compared to analyst estimates of $4.76 billion. On average, analysts forecast that Lloyds Banking Group plc will post 0.27 earnings per share for the current fiscal year.

Lloyds Banking Group Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Friday, May 30th. Investors of record on Friday, April 11th will be issued a dividend of $0.1035 per share. This is a boost from Lloyds Banking Group’s previous semi-annual dividend of $0.05. The ex-dividend date of this dividend is Friday, April 11th. This represents a yield of 4%. Lloyds Banking Group’s dividend payout ratio is presently 60.61%.

Analyst Upgrades and Downgrades

LYG has been the subject of a number of recent analyst reports. Hsbc Global Res upgraded shares of Lloyds Banking Group to a “strong-buy” rating in a research report on Thursday, March 20th. Keefe, Bruyette & Woods downgraded Lloyds Banking Group from an “outperform” rating to a “market perform” rating in a report on Tuesday, March 11th. Finally, Morgan Stanley upgraded Lloyds Banking Group from an “equal weight” rating to an “overweight” rating in a report on Tuesday, March 4th. Seven equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $2.75.

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.