Atria Investments Inc Decreases Position in Lloyds Banking Group PLC $LYG

Atria Investments Inc reduced its stake in shares of Lloyds Banking Group PLC (NYSE:LYG) by 19.0% during the second quarter, Holdings Channel reports. The institutional investor owned 237,788 shares of the financial services provider’s stock after selling 55,749 shares during the quarter. Atria Investments Inc’s holdings in Lloyds Banking Group were worth $1,011,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. V Square Quantitative Management LLC purchased a new stake in Lloyds Banking Group during the 2nd quarter valued at about $29,000. Opal Wealth Advisors LLC bought a new stake in Lloyds Banking Group in the second quarter valued at approximately $35,000. Earned Wealth Advisors LLC purchased a new stake in shares of Lloyds Banking Group during the first quarter valued at approximately $38,000. Ameritas Advisory Services LLC bought a new position in shares of Lloyds Banking Group in the second quarter worth approximately $38,000. Finally, SYM FINANCIAL Corp purchased a new position in shares of Lloyds Banking Group in the first quarter worth $40,000. Institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Stock Up 2.1%

Shares of NYSE:LYG opened at $4.82 on Friday. The firm has a market capitalization of $71.44 billion, a P/E ratio of 13.77, a P/E/G ratio of 0.65 and a beta of 1.05. 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 50 day moving average price of $4.52 and a 200-day moving average price of $4.30. Lloyds Banking Group PLC has a 52-week low of $2.56 and a 52-week high of $4.85.

Lloyds Banking Group (NYSE:LYG) last issued its quarterly 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). The firm had revenue of $6.56 billion during the quarter, compared to analysts’ expectations of $5.02 billion. Lloyds Banking Group had a return on equity of 8.38% and a net margin of 18.04%. As a group, equities research analysts anticipate that Lloyds Banking Group PLC will post 0.27 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Keefe, Bruyette & Woods raised shares of Lloyds Banking Group from a “hold” rating to a “moderate buy” rating in a research report on Thursday, July 17th. The Goldman Sachs Group upgraded shares of Lloyds Banking Group from a “neutral” rating to a “buy” rating in a report on Tuesday, August 5th. Weiss Ratings restated a “hold (c)” rating on shares of Lloyds Banking Group in a report on Friday, October 31st. Citigroup reiterated a “neutral” rating on shares of Lloyds Banking Group in a report on Monday, September 22nd. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Lloyds Banking Group in a research note on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Lloyds Banking Group currently has an average 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.