Maven Securities LTD Acquires 397,669 Shares of Lloyds Banking Group PLC (LYG)

Maven Securities LTD boosted its holdings in shares of Lloyds Banking Group PLC (NYSE:LYG) by 100.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 792,987 shares of the financial services provider’s stock after acquiring an additional 397,669 shares during the period. Lloyds Banking Group comprises about 1.3% of Maven Securities LTD’s portfolio, making the stock its 15th largest position. Maven Securities LTD’s holdings in Lloyds Banking Group were worth $2,122,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of LYG. PARK CIRCLE Co grew its stake in shares of Lloyds Banking Group by 20.0% during the 4th quarter. PARK CIRCLE Co now owns 24,000 shares of the financial services provider’s stock worth $61,000 after purchasing an additional 4,000 shares during the period. Park National Corp OH boosted its stake in Lloyds Banking Group by 24.2% during the 4th quarter. Park National Corp OH now owns 31,856 shares of the financial services provider’s stock worth $82,000 after purchasing an additional 6,201 shares during the last quarter. SRS Capital Advisors Inc. boosted its stake in Lloyds Banking Group by 55.3% during the 4th quarter. SRS Capital Advisors Inc. now owns 17,849 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 6,357 shares during the last quarter. Bank of Montreal Can boosted its stake in Lloyds Banking Group by 15.5% during the 4th quarter. Bank of Montreal Can now owns 52,357 shares of the financial services provider’s stock worth $134,000 after purchasing an additional 7,009 shares during the last quarter. Finally, RMB Capital Management LLC boosted its stake in Lloyds Banking Group by 10.5% during the 4th quarter. RMB Capital Management LLC now owns 74,528 shares of the financial services provider’s stock worth $191,000 after purchasing an additional 7,055 shares during the last quarter. Institutional investors own 1.91% of the company’s stock.

Several research analysts have recently commented on LYG shares. Citigroup upgraded Lloyds Banking Group from a “neutral” rating to a “buy” rating in a report on Friday, January 4th. Goldman Sachs Group reiterated a “sell” rating on shares of Lloyds Banking Group in a report on Tuesday, January 1st. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Lloyds Banking Group in a report on Tuesday, January 22nd. Zacks Investment Research lowered Lloyds Banking Group from a “hold” rating to a “sell” rating in a report on Tuesday, December 4th. Finally, Keefe, Bruyette & Woods upgraded Lloyds Banking Group from an “underperform” rating to an “outperform” rating in a report on Thursday, January 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $3.50.

LYG traded up $0.04 on Thursday, hitting $3.33. The company had a trading volume of 107,173 shares, compared to its average volume of 6,467,204. The firm has a market cap of $59.28 billion, a P/E ratio of 6.06 and a beta of 1.03. Lloyds Banking Group PLC has a 1 year low of $2.43 and a 1 year high of $3.98. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 2.17.

The business also recently disclosed a semiannual dividend, which will be paid on Friday, May 31st. Investors of record on Friday, April 5th will be issued a $0.1119 dividend. The ex-dividend date of this dividend is Thursday, April 4th. This represents a yield of 7.02%. Lloyds Banking Group’s dividend payout ratio (DPR) is currently 20.00%.

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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. The company 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, and unsecured consumer lending products to personal and small business customers.

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

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