14,082 Shares in Lloyds Banking Group PLC $LYG Bought by Purkiss Capital Advisors LLC

Purkiss Capital Advisors LLC purchased a new position in shares of Lloyds Banking Group PLC (NYSE:LYG) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 14,082 shares of the financial services provider’s stock, valued at approximately $60,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new position in Lloyds Banking Group during the 2nd quarter worth $29,000. Opal Wealth Advisors LLC purchased a new stake in Lloyds Banking Group during the second quarter worth about $35,000. Earned Wealth Advisors LLC purchased a new stake in shares of Lloyds Banking Group in the first quarter valued at about $38,000. Ameritas Advisory Services LLC purchased a new stake in shares of Lloyds Banking Group in the second quarter valued at about $38,000. Finally, SYM FINANCIAL Corp purchased a new stake in shares of Lloyds Banking Group in the first quarter valued at about $40,000. 2.15% of the stock is owned by hedge funds and other institutional investors.

Lloyds Banking Group Trading Down 0.3%

Lloyds Banking Group stock opened at $4.69 on Wednesday. The firm’s 50-day moving average is $4.50 and its 200-day moving average is $4.26. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.53 and a current ratio of 0.55. Lloyds Banking Group PLC has a 1 year low of $2.56 and a 1 year high of $4.71. The company has a market cap of $69.44 billion, a P/E ratio of 13.39, a PEG ratio of 0.65 and a beta of 1.02.

Lloyds Banking Group (NYSE:LYG) last posted its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.07). Lloyds Banking Group had a return on equity of 8.38% and a net margin of 18.04%.The business had revenue of $6.56 billion during the quarter, compared to the consensus estimate of $5.02 billion. On average, equities analysts expect that Lloyds Banking Group PLC will post 0.27 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Kepler Capital Markets raised shares of Lloyds Banking Group from a “hold” rating to a “buy” rating in a research report on Thursday, October 9th. Weiss Ratings lowered shares of Lloyds Banking Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 8th. Citigroup reiterated a “neutral” rating on shares of Lloyds Banking Group in a research note on Monday, September 22nd. Zacks Research downgraded shares of Lloyds Banking Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 23rd. Finally, Keefe, Bruyette & Woods upgraded shares of Lloyds Banking Group from a “hold” rating to a “moderate buy” rating in a research note on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

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.