Coldstream Capital Management Inc. Grows Position in Lloyds Banking Group PLC $LYG

Coldstream Capital Management Inc. raised its stake in shares of Lloyds Banking Group PLC (NYSE:LYG) by 449.6% in the second quarter, Holdings Channel.com reports. The fund owned 161,282 shares of the financial services provider’s stock after purchasing an additional 131,937 shares during the period. Coldstream Capital Management Inc.’s holdings in Lloyds Banking Group were worth $685,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Goldman Sachs Group Inc. increased its stake in Lloyds Banking Group by 6.1% during the first quarter. Goldman Sachs Group Inc. now owns 24,154,117 shares of the financial services provider’s stock worth $92,269,000 after purchasing an additional 1,397,163 shares during the period. Millennium Management LLC raised its holdings in shares of Lloyds Banking Group by 15.5% in the 1st quarter. Millennium Management LLC now owns 8,199,299 shares of the financial services provider’s stock valued at $31,321,000 after purchasing an additional 1,100,359 shares in the last quarter. American Century Companies Inc. lifted its holdings in Lloyds Banking Group by 6.0% during the 1st quarter. American Century Companies Inc. now owns 7,011,774 shares of the financial services provider’s stock worth $26,785,000 after buying an additional 399,866 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in Lloyds Banking Group by 9.9% in the second quarter. First Eagle Investment Management LLC now owns 6,816,161 shares of the financial services provider’s stock valued at $28,969,000 after purchasing an additional 612,523 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its position in shares of Lloyds Banking Group by 5.4% during the 1st quarter. Raymond James Financial Inc. now owns 4,349,389 shares of the financial services provider’s stock worth $16,615,000 after buying an additional 222,180 shares during the last quarter. Hedge funds and other institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Stock Performance

Lloyds Banking Group stock opened at $4.98 on Thursday. The firm has a market capitalization of $73.57 billion, a P/E ratio of 14.21, a PEG ratio of 0.65 and a beta of 1.05. Lloyds Banking Group PLC has a 52 week low of $2.56 and a 52 week high of $5.05. The company has a current ratio of 0.55, a quick ratio of 0.53 and a debt-to-equity ratio of 1.94. The stock has a fifty day moving average price of $4.62 and a 200 day moving average price of $4.40.

Lloyds Banking Group (NYSE:LYG) last released 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). The company had revenue of $6.56 billion during the quarter, compared to analyst estimates of $5.02 billion. Lloyds Banking Group had a return on equity of 8.38% and a net margin of 18.04%. Equities research analysts anticipate that Lloyds Banking Group PLC will post 0.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on LYG shares. Royal Bank Of Canada reissued an “outperform” rating on shares of Lloyds Banking Group in a research report on Tuesday, October 28th. The Goldman Sachs Group raised shares of Lloyds Banking Group from a “neutral” rating to a “buy” rating in a report on Tuesday, August 5th. JPMorgan Chase & Co. raised Lloyds Banking Group from an “underweight” rating to a “neutral” rating in a report on Friday, August 1st. Zacks Research cut shares of Lloyds Banking Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 23rd. Finally, Kepler Capital Markets upgraded Lloyds Banking Group from a “hold” rating to a “buy” rating in a research report on Thursday, October 9th. One 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 company’s stock. Based on data from MarketBeat.com, Lloyds Banking Group 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.