PFG Advisors Buys 14,443 Shares of Lloyds Banking Group PLC $LYG

PFG Advisors increased its stake in Lloyds Banking Group PLC (NYSE:LYG) by 108.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,704 shares of the financial services provider’s stock after acquiring an additional 14,443 shares during the period. PFG Advisors’ holdings in Lloyds Banking Group were worth $118,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. V Square Quantitative Management LLC bought a new stake in Lloyds Banking Group in the second quarter valued at approximately $29,000. Opal Wealth Advisors LLC purchased a new position in shares of Lloyds Banking Group in the second quarter worth $35,000. Earned Wealth Advisors LLC purchased a new position in shares of Lloyds Banking Group in the first quarter worth $38,000. Ameritas Advisory Services LLC bought a new stake in Lloyds Banking Group during the 2nd quarter valued at $38,000. Finally, SYM FINANCIAL Corp purchased a new stake in Lloyds Banking Group during the 1st quarter valued at $40,000. 2.15% of the stock is currently owned by institutional investors.

Lloyds Banking Group Stock Performance

Lloyds Banking Group stock opened at $5.03 on Thursday. Lloyds Banking Group PLC has a fifty-two week low of $2.56 and a fifty-two week high of $5.05. The stock’s 50 day simple moving average is $4.58 and its two-hundred day simple moving average is $4.34. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.53 and a current ratio of 0.55. The stock has a market cap of $74.48 billion, a price-to-earnings ratio of 14.36, a PEG ratio of 0.65 and a beta of 1.05.

Lloyds Banking Group (NYSE:LYG) last announced its earnings results on Thursday, October 23rd. The financial services provider reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $6.56 billion during the quarter, compared to the consensus estimate of $5.02 billion. As a group, analysts expect that Lloyds Banking Group PLC will post 0.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

LYG has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lloyds Banking Group in a research note on Friday, October 31st. Wall Street Zen downgraded Lloyds Banking Group from a “buy” rating to a “hold” rating in a report on Monday, October 20th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Lloyds Banking Group in a report on Tuesday, October 28th. Keefe, Bruyette & Woods upgraded Lloyds Banking Group from a “hold” rating to a “moderate buy” rating in a research report on Thursday, July 17th. Finally, Morgan Stanley restated an “overweight” rating on shares of Lloyds Banking Group in a report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

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.