Fisher Asset Management LLC Buys 1,129,641 Shares of Lloyds Banking Group PLC $LYG

Fisher Asset Management LLC lifted its stake in Lloyds Banking Group PLC (NYSE:LYG) by 0.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 149,958,264 shares of the financial services provider’s stock after acquiring an additional 1,129,641 shares during the quarter. Fisher Asset Management LLC owned approximately 1.01% of Lloyds Banking Group worth $680,811,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. True Wealth Design LLC bought a new stake in shares of Lloyds Banking Group in the 3rd quarter valued at about $25,000. Salomon & Ludwin LLC increased its position in Lloyds Banking Group by 2,671.6% during the third quarter. Salomon & Ludwin LLC now owns 5,959 shares of the financial services provider’s stock worth $27,000 after buying an additional 5,744 shares during the last quarter. Private Trust Co. NA raised its stake in Lloyds Banking Group by 115.2% in the third quarter. Private Trust Co. NA now owns 6,092 shares of the financial services provider’s stock valued at $28,000 after buying an additional 3,261 shares during the period. Westside Investment Management Inc. lifted its position in shares of Lloyds Banking Group by 100.0% in the third quarter. Westside Investment Management Inc. now owns 6,406 shares of the financial services provider’s stock valued at $29,000 after buying an additional 3,203 shares during the last quarter. Finally, Concord Wealth Partners boosted its stake in shares of Lloyds Banking Group by 124.9% during the 3rd quarter. Concord Wealth Partners now owns 7,203 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 4,000 shares during the period. 2.15% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Lloyds Banking Group in a report on Tuesday, February 3rd. Weiss Ratings upgraded shares of Lloyds Banking Group from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, February 17th. Morgan Stanley restated an “overweight” rating on shares of Lloyds Banking Group in a report on Monday, November 24th. BNP Paribas Exane lowered Lloyds Banking Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 10th. Finally, Citigroup restated a “neutral” rating on shares of Lloyds Banking Group in a research note on Monday, December 1st. 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, the stock has a consensus rating of “Moderate Buy”.

Lloyds Banking Group Stock Down 3.6%

Shares of NYSE LYG opened at $5.54 on Monday. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 1.84. The firm has a market cap of $81.67 billion, a PE ratio of 13.20, a P/E/G ratio of 0.56 and a beta of 0.86. The company’s fifty day simple moving average is $5.61 and its 200 day simple moving average is $5.00. Lloyds Banking Group PLC has a 12-month low of $3.27 and a 12-month high of $6.34.

Lloyds Banking Group (NYSE:LYG) last released its quarterly earnings data on Thursday, January 29th. The financial services provider reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. Lloyds Banking Group had a net margin of 24.30% and a return on equity of 10.06%. The company had revenue of $6.38 billion for the quarter, compared to analysts’ expectations of $6.52 billion. As a group, sell-side analysts forecast that Lloyds Banking Group PLC will post 0.27 earnings per share for the current fiscal year.

Lloyds Banking Group Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, April 10th will be paid a dividend of $0.134 per share. The ex-dividend date is Friday, April 10th. This represents a yield of 447.0%. Lloyds Banking Group’s dividend payout ratio (DPR) is 30.95%.

Lloyds Banking Group Profile

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.