NumerixS Investment Technologies Inc lifted its stake in Lloyds Banking Group PLC (NYSE:LYG) by 208.9% in the second quarter, HoldingsChannel reports. The firm owned 48,800 shares of the financial services provider’s stock after purchasing an additional 33,000 shares during the quarter. NumerixS Investment Technologies Inc’s holdings in Lloyds Banking Group were worth $162,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of LYG. Wells Fargo & Company MN increased its holdings in shares of Lloyds Banking Group by 28.9% in the first quarter. Wells Fargo & Company MN now owns 8,481,982 shares of the financial services provider’s stock valued at $31,552,000 after purchasing an additional 1,903,723 shares in the last quarter. Comerica Bank increased its holdings in shares of Lloyds Banking Group by 2.1% in the first quarter. Comerica Bank now owns 1,050,940 shares of the financial services provider’s stock valued at $3,994,000 after purchasing an additional 22,107 shares in the last quarter. Aperio Group LLC increased its holdings in shares of Lloyds Banking Group by 13.5% in the first quarter. Aperio Group LLC now owns 1,711,578 shares of the financial services provider’s stock valued at $6,367,000 after purchasing an additional 204,183 shares in the last quarter. Neuberger Berman Group LLC increased its holdings in shares of Lloyds Banking Group by 18.9% in the first quarter. Neuberger Berman Group LLC now owns 1,901,876 shares of the financial services provider’s stock valued at $7,075,000 after purchasing an additional 302,132 shares in the last quarter. Finally, US Bancorp DE increased its holdings in shares of Lloyds Banking Group by 6.4% in the first quarter. US Bancorp DE now owns 866,562 shares of the financial services provider’s stock valued at $3,224,000 after purchasing an additional 51,966 shares in the last quarter. 2.55% of the stock is owned by institutional investors and hedge funds.

LYG opened at $3.09 on Tuesday. The company has a debt-to-equity ratio of 2.22, a current ratio of 1.43 and a quick ratio of 1.40. Lloyds Banking Group PLC has a 52 week low of $3.02 and a 52 week high of $4.21. The firm has a market cap of $54.77 billion, a price-to-earnings ratio of 2.24 and a beta of 0.86.

Lloyds Banking Group (NYSE:LYG) last released its earnings results on Tuesday, July 31st. The financial services provider reported $0.16 EPS for the quarter. Lloyds Banking Group had a net margin of 15.05% and a return on equity of 15.62%. The firm had revenue of $4.32 billion during the quarter. equities analysts expect that Lloyds Banking Group PLC will post 0.4 EPS for the current year.

The firm also recently announced a Semi-Annual dividend, which will be paid on Tuesday, October 9th. Shareholders of record on Friday, August 17th will be issued a dividend of $0.056 per share. The ex-dividend date of this dividend is Thursday, August 16th. This is a positive change from Lloyds Banking Group’s previous Semi-Annual dividend of $0.05. Lloyds Banking Group’s payout ratio is currently 20.00%.

A number of brokerages recently weighed in on LYG. Zacks Investment Research lowered shares of Lloyds Banking Group from a “hold” rating to a “sell” rating in a report on Tuesday. JPMorgan Chase & Co. reissued a “buy” rating on shares of Lloyds Banking Group in a report on Tuesday, September 4th. Berenberg Bank raised shares of Lloyds Banking Group from a “sell” rating to a “hold” rating in a report on Tuesday, September 4th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Lloyds Banking Group in a report on Tuesday, August 14th. Finally, Citigroup raised shares of Lloyds Banking Group from a “sell” rating to a “neutral” rating in a report on Thursday, August 2nd. Four research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. Lloyds Banking Group presently has an average rating of “Hold” and an average price target of $4.25.

About Lloyds Banking Group

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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