Lloyds Banking Group PLC $LYG Shares Acquired by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC lifted its stake in shares of Lloyds Banking Group PLC (NYSE:LYG) by 6.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,055,373 shares of the financial services provider’s stock after purchasing an additional 196,875 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Lloyds Banking Group were worth $16,193,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in LYG. Tucker Asset Management LLC acquired a new position in Lloyds Banking Group during the fourth quarter worth about $27,000. Harbour Investments Inc. raised its position in Lloyds Banking Group by 47.3% during the fourth quarter. Harbour Investments Inc. now owns 6,386 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 2,051 shares during the last quarter. Eagle Bay Advisors LLC acquired a new position in Lloyds Banking Group during the fourth quarter worth about $35,000. Manchester Capital Management LLC raised its position in Lloyds Banking Group by 1,216.6% during the fourth quarter. Manchester Capital Management LLC now owns 8,163 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 7,543 shares during the last quarter. Finally, Bessemer Group Inc. raised its position in Lloyds Banking Group by 125.5% during the third quarter. Bessemer Group Inc. now owns 9,654 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 5,372 shares during the last quarter. 2.15% of the stock is currently owned by hedge funds and other institutional investors.

Lloyds Banking Group Trading Up 0.7%

Shares of LYG stock opened at $5.34 on Wednesday. The firm has a market cap of $78.02 billion, a P/E ratio of 12.13, a PEG ratio of 0.53 and a beta of 0.87. Lloyds Banking Group PLC has a 1-year low of $3.98 and a 1-year high of $6.34. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.56 and a quick ratio of 0.56. The firm’s 50-day simple moving average is $5.36 and its 200-day simple moving average is $5.37.

Lloyds Banking Group (NYSE:LYG) last announced its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $0.13 earnings per share for the quarter. The business had revenue of $6.87 billion for the quarter. Lloyds Banking Group had a net margin of 25.11% and a return on equity of 10.63%. As a group, equities analysts forecast that Lloyds Banking Group PLC will post 0.53 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on LYG shares. UBS Group upgraded shares of Lloyds Banking Group from a “neutral” rating to a “buy” rating in a research report on Thursday, April 30th. Citigroup reaffirmed a “buy” rating on shares of Lloyds Banking Group in a research note on Thursday, April 30th. Wall Street Zen raised shares of Lloyds Banking Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, Weiss Ratings cut shares of Lloyds Banking Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Seven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

About Lloyds Banking Group

Lloyds Banking Group plc is a UK-based banking and financial services company that provides a broad range of retail, commercial and insurance products. Its principal consumer-facing brands include Lloyds Bank, Halifax and Bank of Scotland, through which it offers current accounts, savings, mortgages, credit cards and personal loans. The group also delivers services to small and medium-sized enterprises (SMEs) and larger corporate clients, supplying business accounts, lending, payments and cash-management solutions.

In addition to core banking, Lloyds operates a significant wealth and insurance arm under the Scottish Widows brand, offering life insurance, pensions, investment and retirement planning products.