Shares of Lloyds Banking Group PLC (NYSE:LYG – Get Free Report) have been given an average recommendation of “Moderate Buy” by the twelve ratings firms that are covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company.
Several equities analysts recently issued reports on the stock. Citigroup reiterated a “buy” rating on shares of Lloyds Banking Group in a research note on Thursday, April 30th. UBS Group upgraded shares of Lloyds Banking Group from a “neutral” rating to a “buy” rating in a research note on Thursday, April 30th. Wall Street Zen upgraded shares of Lloyds Banking Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Weiss Ratings cut shares of Lloyds Banking Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Finally, Berenberg Bank assumed coverage on shares of Lloyds Banking Group in a research note on Wednesday, June 24th. They issued a “hold” rating for the company.
Check Out Our Latest Analysis on LYG
Lloyds Banking Group Stock Performance
Lloyds Banking Group (NYSE:LYG – Get Free Report) last announced its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $0.13 EPS for the quarter. Lloyds Banking Group had a net margin of 25.11% and a return on equity of 10.63%. The business had revenue of $6.87 billion during the quarter. As a group, analysts predict that Lloyds Banking Group will post 0.53 earnings per share for the current year.
Hedge Funds Weigh In On Lloyds Banking Group
Several large investors have recently made changes to their positions in the company. Papamarkou Wellner Asset Management inc. lifted its stake in shares of Lloyds Banking Group by 2.0% in the 4th quarter. Papamarkou Wellner Asset Management inc. now owns 104,100 shares of the financial services provider’s stock valued at $552,000 after purchasing an additional 2,000 shares during the period. Aptus Capital Advisors LLC increased its holdings in Lloyds Banking Group by 11.9% in the 4th quarter. Aptus Capital Advisors LLC now owns 18,869 shares of the financial services provider’s stock worth $100,000 after acquiring an additional 2,009 shares in the last quarter. Mesirow Financial Investment Management Inc. increased its holdings in Lloyds Banking Group by 7.7% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 28,561 shares of the financial services provider’s stock worth $130,000 after acquiring an additional 2,040 shares in the last quarter. Harbour Investments Inc. increased its holdings in Lloyds Banking Group by 47.3% in the 4th quarter. Harbour Investments Inc. now owns 6,386 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 2,051 shares in the last quarter. Finally, Waverly Advisors LLC increased its holdings in Lloyds Banking Group by 20.8% in the 1st quarter. Waverly Advisors LLC now owns 12,423 shares of the financial services provider’s stock worth $62,000 after acquiring an additional 2,138 shares in the last quarter. 2.15% of the stock is currently owned by institutional investors and hedge funds.
Lloyds Banking Group Company Profile
Lloyds Banking Group plc is a UK-based banking and financial services company that provides a broad range of retail, commercial and insurance products. Its principal consumer-facing brands include Lloyds Bank, Halifax and Bank of Scotland, through which it offers current accounts, savings, mortgages, credit cards and personal loans. The group also delivers services to small and medium-sized enterprises (SMEs) and larger corporate clients, supplying business accounts, lending, payments and cash-management solutions.
In addition to core banking, Lloyds operates a significant wealth and insurance arm under the Scottish Widows brand, offering life insurance, pensions, investment and retirement planning products.
Read More
- Five stocks we like better than Lloyds Banking Group
- As Stablecoins Keep Growing, These 2 Stocks Benefit
- Apple Just Handed These 4 Memory Stocks Their Best News of the Year
- Costco’s Secret Growth Engine May Be Running Out of Gas
- Why Alphabet’s Pullback May Be an Opportunity in Disguise
Receive News & Ratings for Lloyds Banking Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lloyds Banking Group and related companies with MarketBeat.com's FREE daily email newsletter.
