Prosperity Consulting Group LLC Sells 43,995 Shares of Lloyds Banking Group PLC $LYG

Prosperity Consulting Group LLC decreased its holdings in Lloyds Banking Group PLC (NYSE:LYG) by 64.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,336 shares of the financial services provider’s stock after selling 43,995 shares during the quarter. Prosperity Consulting Group LLC’s holdings in Lloyds Banking Group were worth $103,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. V Square Quantitative Management LLC bought a new stake in shares of Lloyds Banking Group in the second quarter worth approximately $29,000. Opal Wealth Advisors LLC purchased a new stake in Lloyds Banking Group in the second quarter worth approximately $35,000. Earned Wealth Advisors LLC bought a new stake in Lloyds Banking Group in the 1st quarter worth approximately $38,000. Ameritas Advisory Services LLC purchased a new stake in Lloyds Banking Group during the 2nd quarter valued at $38,000. Finally, SYM FINANCIAL Corp bought a new position in shares of Lloyds Banking Group during the 1st quarter valued at $40,000. Hedge funds and other institutional investors own 2.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on LYG. Kepler Capital Markets raised Lloyds Banking Group from a “hold” rating to a “buy” rating in a report on Thursday, October 9th. Weiss Ratings restated a “hold (c)” rating on shares of Lloyds Banking Group in a research note on Friday, October 31st. 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. 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. Finally, Wall Street Zen cut shares of Lloyds Banking Group from a “buy” rating to a “hold” rating in a report on Monday, October 20th. One equities research 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. Based on data from MarketBeat.com, Lloyds Banking Group has a consensus rating of “Moderate Buy”.

Lloyds Banking Group Trading Up 2.1%

Shares of NYSE:LYG opened at $4.82 on Friday. The stock has a 50 day moving average of $4.52 and a 200 day moving average of $4.30. The company has a market cap of $71.44 billion, a PE ratio of 13.77, a price-to-earnings-growth ratio of 0.65 and a beta of 1.05. Lloyds Banking Group PLC has a 12-month low of $2.56 and a 12-month high of $4.85. The company has a current ratio of 0.55, a quick ratio of 0.53 and a debt-to-equity ratio of 1.94.

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 for the quarter, compared to analysts’ expectations of $5.02 billion. Lloyds Banking Group had a net margin of 18.04% and a return on equity of 8.38%. As a group, equities research 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.