Five Oceans Advisors Lowers Holdings in Lloyds Banking Group plc (NYSE:LYG)

Five Oceans Advisors trimmed its position in shares of Lloyds Banking Group plc (NYSE:LYG) by 15.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 54,791 shares of the financial services provider’s stock after selling 9,812 shares during the quarter. Five Oceans Advisors’ holdings in Lloyds Banking Group were worth $209,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. May Hill Capital LLC purchased a new stake in shares of Lloyds Banking Group during the fourth quarter valued at approximately $227,000. Charles Schwab Investment Management Inc. lifted its position in 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 acquiring an additional 70,838 shares in the last quarter. Quantbot Technologies LP boosted its stake in 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 valued at $363,000 after purchasing an additional 106,128 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Lloyds Banking Group in the 4th quarter worth $11,226,000. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Lloyds Banking Group by 119.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 125,225 shares of the financial services provider’s stock worth $341,000 after purchasing an additional 68,064 shares during the last quarter. 2.15% of the stock is currently owned by institutional investors.

Lloyds Banking Group Trading Up 0.4%

Shares of LYG stock opened at $4.21 on Tuesday. Lloyds Banking Group plc has a 12 month low of $2.56 and a 12 month high of $4.30. The stock has a market cap of $63.23 billion, a P/E ratio of 12.74 and a beta of 1.01. The company has a 50 day simple moving average of $3.98 and a two-hundred day simple moving average of $3.45.

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. HSBC raised Lloyds Banking Group from a “hold” rating to a “buy” rating in a research report on Tuesday, April 1st. Hsbc Global Res upgraded shares of 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 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. Finally, Wall Street Zen raised Lloyds Banking Group from a “sell” rating to a “hold” rating in a report on Tuesday, May 13th. Seven research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Lloyds Banking Group presently has an average rating of “Hold”.

About Lloyds Banking Group

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.