Mondrian Investment Partners LTD Invests $285 Million in Lloyds Banking Group PLC $LYG

Key Points

• Mondrian Investment Partners LTD acquired 62,776,150 shares of Lloyds Banking Group valued at about $285,004,000, making up roughly 4.8% of Mondrian’s portfolio and about 0.42% ownership of Lloyds.
• Lloyds reported quarterly EPS of $0.12 (beating consensus by $0.01) while revenue of $6.38 billion missed estimates, and the stock trades around $5.61 with a market cap near $82.6 billion.
• Lloyds announced a $0.134 dividend payable May 29 (ex-dividend Apr 10) and carries a consensus analyst rating of "Moderate Buy" (six Buys, five Holds).

Mondrian Investment Partners LTD acquired a new position in Lloyds Banking Group PLC (NYSE:LYG - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 62,776,150 shares of the financial services provider's stock, valued at approximately $285,004,000. Lloyds Banking Group makes up about 4.8% of Mondrian Investment Partners LTD's investment portfolio, making the stock its biggest position. Mondrian Investment Partners LTD owned about 0.42% of Lloyds Banking Group as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Beck Bode LLC acquired a new position in Lloyds Banking Group in the 2nd quarter worth approximately $5,254,000. ABC Arbitrage SA purchased a new stake in shares of Lloyds Banking Group in the 2nd quarter valued at $1,689,000. First Eagle Investment Management LLC increased its stake in shares of Lloyds Banking Group by 9.9% in the second quarter. First Eagle Investment Management LLC now owns 6,816,161 shares of the financial services provider's stock worth $28,969,000 after acquiring an additional 612,523 shares during the period. Quantbot Technologies LP increased its stake in shares of Lloyds Banking Group by 430.5% in the second quarter. Quantbot Technologies LP now owns 479,674 shares of the financial services provider's stock worth $2,039,000 after acquiring an additional 389,255 shares during the period. Finally, Hantz Financial Services Inc. raised its holdings in shares of Lloyds Banking Group by 311.6% during the third quarter. Hantz Financial Services Inc. now owns 227,764 shares of the financial services provider's stock worth $1,034,000 after purchasing an additional 172,422 shares during the last quarter. 2.15% of the stock is owned by institutional investors and hedge funds.

Lloyds Banking Group Trading Down 3.7%

Shares of LYG opened at $5.61 on Tuesday. The firm has a market cap of $82.58 billion, a P/E ratio of 13.35, a PEG ratio of 0.56 and a beta of 0.87. Lloyds Banking Group PLC has a 12 month low of $3.13 and a 12 month high of $6.34. The stock's 50 day moving average is $5.51 and its two-hundred day moving average is $4.92.

Lloyds Banking Group (NYSE:LYG - Get Free Report) last announced its earnings results on Thursday, January 29th. The financial services provider reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.11 by $0.01. Lloyds Banking Group had a return on equity of 10.06% and a net margin of 24.30%.The firm had revenue of $6.38 billion for the quarter, compared to analyst estimates of $6.52 billion. Equities research analysts forecast that Lloyds Banking Group PLC will post 0.27 EPS for the current year.

Lloyds Banking Group Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts have commented on LYG shares. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Lloyds Banking Group in a report on Wednesday, January 28th. Morgan Stanley restated an "overweight" rating on shares of Lloyds Banking Group in a research note on Monday, November 24th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Lloyds Banking Group in a report on Tuesday, October 28th. Wall Street Zen downgraded Lloyds Banking Group from a "buy" rating to a "hold" rating in a report on Monday, October 20th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Lloyds Banking Group in a research report on Tuesday, February 3rd. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Lloyds Banking Group presently has a consensus 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.

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