May Hill Capital LLC Sells 3,996 Shares of Lloyds Banking Group PLC $LYG

May Hill Capital LLC decreased its stake in shares of Lloyds Banking Group PLC (NYSE:LYG) by 4.7% in the second quarter, Holdings Channel.com reports. The fund owned 80,729 shares of the financial services provider’s stock after selling 3,996 shares during the period. May Hill Capital LLC’s holdings in Lloyds Banking Group were worth $343,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Goldman Sachs Group Inc. boosted its position in shares of 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 acquiring an additional 1,397,163 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Lloyds Banking Group by 9.0% during the first quarter. Envestnet Asset Management Inc. now owns 10,492,898 shares of the financial services provider’s stock worth $40,083,000 after acquiring an additional 863,347 shares during the last quarter. Millennium Management LLC boosted its position in shares of Lloyds Banking Group by 15.5% during the first quarter. Millennium Management LLC now owns 8,199,299 shares of the financial services provider’s stock worth $31,321,000 after acquiring an additional 1,100,359 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Lloyds Banking Group by 6.0% during the first quarter. American Century Companies Inc. now owns 7,011,774 shares of the financial services provider’s stock worth $26,785,000 after acquiring an additional 399,866 shares during the last quarter. Finally, Crossmark Global Holdings Inc. boosted its position in shares of Lloyds Banking Group by 0.4% during the first quarter. Crossmark Global Holdings Inc. now owns 4,831,997 shares of the financial services provider’s stock worth $18,458,000 after acquiring an additional 18,767 shares during the last quarter. Institutional investors own 2.15% of the company’s stock.

Wall Street Analysts Forecast Growth

LYG has been the topic of a number of recent research reports. Citigroup reaffirmed a “neutral” rating on shares of Lloyds Banking Group in a research note on Monday, September 22nd. Weiss Ratings downgraded shares of Lloyds Banking Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. 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. Wall Street Zen downgraded shares of Lloyds Banking Group from a “buy” rating to a “hold” rating in a research note on Monday, October 20th. Finally, Royal Bank Of Canada raised shares of Lloyds Banking Group from a “sector perform” rating to an “outperform” rating in a research note on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Lloyds Banking Group Trading Up 2.7%

Shares of LYG opened at $4.70 on Tuesday. Lloyds Banking Group PLC has a twelve month low of $2.56 and a twelve month high of $4.71. The company has a market cap of $69.58 billion, a P/E ratio of 13.41, a P/E/G ratio of 0.64 and a beta of 1.02. 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 company’s fifty day simple moving average is $4.49 and its 200-day simple moving average is $4.25.

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

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.