Rockefeller Capital Management L.P. Raises Position in Lloyds Banking Group plc (NYSE:LYG)

Rockefeller Capital Management L.P. lifted its holdings in shares of Lloyds Banking Group plc (NYSE:LYG - Free Report) by 25.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 912,577 shares of the financial services provider's stock after purchasing an additional 183,484 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in Lloyds Banking Group were worth $2,482,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LYG. JPMorgan Chase & Co. lifted its holdings in shares of Lloyds Banking Group by 58.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,659,629 shares of the financial services provider's stock worth $20,778,000 after acquiring an additional 2,456,914 shares during the period. May Hill Capital LLC bought a new stake in Lloyds Banking Group during the fourth quarter worth $227,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Lloyds Banking Group by 6.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,126,422 shares of the financial services provider's stock valued at $3,064,000 after purchasing an additional 70,838 shares in the last quarter. Park Avenue Securities LLC increased its stake in shares of Lloyds Banking Group by 15.9% in the 4th quarter. Park Avenue Securities LLC now owns 288,877 shares of the financial services provider's stock valued at $786,000 after purchasing an additional 39,685 shares during the last quarter. Finally, Quantbot Technologies LP lifted its position in shares of Lloyds Banking Group by 389.2% during the 4th quarter. Quantbot Technologies LP now owns 133,398 shares of the financial services provider's stock worth $363,000 after buying an additional 106,128 shares during the last quarter. 2.15% of the stock is currently owned by institutional investors and hedge funds.

Lloyds Banking Group Stock Performance

Shares of LYG traded up $0.03 during mid-day trading on Friday, reaching $3.94. 8,609,550 shares of the company were exchanged, compared to its average volume of 29,501,633. The business has a 50 day simple moving average of $3.66 and a two-hundred day simple moving average of $3.14. Lloyds Banking Group plc has a 52 week low of $2.55 and a 52 week high of $3.96. The stock has a market capitalization of $59.77 billion, a PE ratio of 11.92 and a beta of 0.95.

Lloyds Banking Group (NYSE:LYG - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The financial services provider reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.08 by ($0.03). The business had revenue of $9.46 billion during the quarter, compared to analyst estimates of $4.76 billion. Lloyds Banking Group had a net margin of 11.45% and a return on equity of 8.46%. On average, analysts predict that Lloyds Banking Group plc will post 0.27 EPS for the current year.

Lloyds Banking Group Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, April 11th will be issued a dividend of $0.1035 per share. This is an increase from Lloyds Banking Group's previous semi-annual dividend of $0.05. The ex-dividend date is Friday, April 11th. This represents a yield of 4%. Lloyds Banking Group's dividend payout ratio is presently 60.61%.

Analysts Set New Price Targets

Several research analysts have commented on LYG shares. Hsbc Global Res raised Lloyds Banking Group to a "strong-buy" rating in a research note on Thursday, March 20th. Keefe, Bruyette & Woods downgraded shares of Lloyds Banking Group from an "outperform" rating to a "market perform" rating in a research note on Tuesday, March 11th. HSBC raised shares of Lloyds Banking Group from a "hold" rating to a "buy" rating in a research note on Tuesday, April 1st. Finally, Morgan Stanley raised Lloyds Banking Group from an "equal weight" rating to an "overweight" rating in a report on Tuesday, March 4th. Seven analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Lloyds Banking Group has an average rating of "Moderate Buy" and an average target price of $2.75.

Lloyds Banking Group Profile

Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom and internationally. It operates in three segments: Retail; Commercial Banking; and Insurance, Pensions and Investments. The Retail segment offers a range of financial service products, including current accounts, savings, mortgages, motor finance, unsecured loans, leasing solutions, and credit cards to personal customers.