Foster Victor Wealth Advisors LLC Decreases Stock Position in Lloyds Banking Group plc (NYSE:LYG)

Foster Victor Wealth Advisors LLC lowered its holdings in shares of Lloyds Banking Group plc (NYSE:LYG) by 10.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,592 shares of the financial services provider’s stock after selling 5,667 shares during the period. Foster Victor Wealth Advisors LLC’s holdings in Lloyds Banking Group were worth $174,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership grew its holdings in Lloyds Banking Group by 11.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 26,669,053 shares of the financial services provider’s stock valued at $72,540,000 after buying an additional 2,713,559 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Lloyds Banking Group by 2.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 16,404,259 shares of the financial services provider’s stock valued at $44,620,000 after buying an additional 453,326 shares during the period. Northern Trust Corp grew its stake in Lloyds Banking Group by 34.7% in the 4th quarter. Northern Trust Corp now owns 15,604,325 shares of the financial services provider’s stock worth $42,444,000 after acquiring an additional 4,021,039 shares during the period. Millennium Management LLC raised its holdings in Lloyds Banking Group by 225.0% in the 4th quarter. Millennium Management LLC now owns 7,098,940 shares of the financial services provider’s stock valued at $19,309,000 after acquiring an additional 4,914,680 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Lloyds Banking Group by 10.1% during the 4th quarter. American Century Companies Inc. now owns 6,611,908 shares of the financial services provider’s stock worth $17,984,000 after purchasing an additional 604,924 shares during the period. Hedge funds and other institutional investors own 2.15% of the company’s stock.

Analyst Ratings Changes

LYG has been the subject of a number of recent analyst reports. Hsbc Global Res raised Lloyds Banking Group to a “strong-buy” rating in a research report on Thursday, March 20th. Keefe, Bruyette & Woods cut Lloyds Banking Group from an “outperform” rating to a “market perform” rating in a report on Tuesday, March 11th. Morgan Stanley upgraded shares of Lloyds Banking Group from an “equal weight” rating to an “overweight” rating in a report on Tuesday, March 4th. HSBC upgraded shares of Lloyds Banking Group from a “hold” rating to a “buy” rating in a report on Tuesday, April 1st. Finally, Wall Street Zen raised shares of Lloyds Banking Group from a “sell” rating to a “hold” rating in a research note on Tuesday, May 13th. Seven analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Lloyds Banking Group Stock Performance

Shares of NYSE:LYG opened at $4.18 on Monday. The stock has a 50-day simple moving average of $3.96 and a 200-day simple moving average of $3.44. The stock has a market capitalization of $62.77 billion, a P/E ratio of 12.65 and a beta of 1.01. Lloyds Banking Group plc has a 1 year low of $2.56 and a 1 year high of $4.30.

Lloyds Banking Group (NYSE:LYG) last released its quarterly earnings data on Thursday, May 1st. The financial services provider reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.03. Lloyds Banking Group had a net margin of 11.45% and a return on equity of 8.46%. The company had revenue of $5.91 billion during the quarter, compared to the consensus estimate of $4.78 billion. Analysts predict that Lloyds Banking Group plc will post 0.27 earnings per share for the current year.

Lloyds Banking Group Company 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.