Envestnet Portfolio Solutions Inc. Sells 91,609 Shares of Lloyds Banking Group PLC $LYG

Envestnet Portfolio Solutions Inc. decreased its position in Lloyds Banking Group PLC (NYSE:LYG) by 53.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 81,363 shares of the financial services provider’s stock after selling 91,609 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Lloyds Banking Group were worth $346,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. V Square Quantitative Management LLC bought a new position in Lloyds Banking Group during the second quarter worth $29,000. Opal Wealth Advisors LLC bought a new position in Lloyds Banking Group during the second quarter worth $35,000. Earned Wealth Advisors LLC bought a new position in Lloyds Banking Group during the first quarter worth $38,000. Ameritas Advisory Services LLC bought a new position in Lloyds Banking Group during the second quarter worth $38,000. Finally, SYM FINANCIAL Corp bought a new position in Lloyds Banking Group during the first quarter worth $40,000. Institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Trading Up 0.8%

Shares of Lloyds Banking Group stock opened at $4.56 on Friday. The firm has a market capitalization of $67.51 billion, a PE ratio of 11.39, a price-to-earnings-growth ratio of 0.63 and a beta of 1.02. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.44 and a quick ratio of 0.53. The company’s fifty day moving average price is $4.49 and its two-hundred day moving average price is $4.22. Lloyds Banking Group PLC has a 52-week low of $2.56 and a 52-week high of $4.69.

Lloyds Banking Group (NYSE:LYG) last issued its earnings results on Thursday, October 23rd. The financial services provider reported $0.05 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.06). Lloyds Banking Group had a net margin of 17.51% and a return on equity of 9.28%. On average, analysts expect that Lloyds Banking Group PLC will post 0.27 EPS for the current year.

Analyst Ratings Changes

LYG has been the topic of a number of research reports. Zacks Research lowered shares of Lloyds Banking Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 23rd. JPMorgan Chase & Co. raised shares of Lloyds Banking Group from an “underweight” rating to a “neutral” rating in a research report on Friday, August 1st. Royal Bank Of Canada raised shares of Lloyds Banking Group from a “sector perform” rating to an “outperform” rating in a research report on Monday, August 4th. 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. Finally, Kepler Capital Markets raised shares of Lloyds Banking Group from a “hold” rating to a “buy” rating in a report on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Lloyds Banking Group Company 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.