Goldman Sachs Group Inc. trimmed its position in Lloyds Banking Group PLC (NYSE:LYG – Free Report) by 3.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 24,643,537 shares of the financial services provider’s stock after selling 790,000 shares during the period. Goldman Sachs Group Inc.’s holdings in Lloyds Banking Group were worth $130,611,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in LYG. Fisher Asset Management LLC increased its stake in shares of Lloyds Banking Group by 0.9% in the fourth quarter. Fisher Asset Management LLC now owns 151,258,982 shares of the financial services provider’s stock worth $801,673,000 after acquiring an additional 1,300,718 shares during the period. Mondrian Investment Partners LTD acquired a new stake in shares of Lloyds Banking Group in the third quarter worth $285,004,000. Northern Trust Corp increased its stake in shares of Lloyds Banking Group by 3.9% in the third quarter. Northern Trust Corp now owns 14,279,272 shares of the financial services provider’s stock worth $64,828,000 after acquiring an additional 541,501 shares during the period. CIBC Private Wealth Group LLC increased its stake in shares of Lloyds Banking Group by 4.6% in the third quarter. CIBC Private Wealth Group LLC now owns 14,129,519 shares of the financial services provider’s stock worth $64,148,000 after acquiring an additional 622,552 shares during the period. Finally, CIBC Bancorp USA Inc. acquired a new stake in shares of Lloyds Banking Group in the third quarter worth $63,928,000. 2.15% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
LYG has been the topic of a number of research reports. Citigroup reiterated a “buy” rating on shares of Lloyds Banking Group in a research note on Thursday, April 30th. Weiss Ratings lowered shares of Lloyds Banking Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. UBS Group upgraded shares of Lloyds Banking Group from a “neutral” rating to a “buy” rating in a research note on Thursday, April 30th. Finally, 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. Seven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Lloyds Banking Group has a consensus rating of “Moderate Buy”.
Lloyds Banking Group Stock Performance
Shares of NYSE LYG opened at $5.32 on Tuesday. The company’s fifty day moving average price is $5.35 and its 200 day moving average price is $5.36. Lloyds Banking Group PLC has a 1 year low of $3.98 and a 1 year high of $6.34. The company has a market capitalization of $77.73 billion, a PE ratio of 12.08, a price-to-earnings-growth ratio of 0.54 and a beta of 0.87. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.56 and a current ratio of 0.56.
Lloyds Banking Group (NYSE:LYG – Get Free Report) last announced its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $0.13 earnings per share (EPS) for the quarter. Lloyds Banking Group had a net margin of 25.11% and a return on equity of 10.63%. The firm had revenue of $6.87 billion for the quarter. On average, research analysts predict that Lloyds Banking Group PLC will post 0.53 earnings per share for the current year.
About Lloyds Banking Group
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.
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