Keybank National Association OH boosted its holdings in Lloyds Banking Group PLC (NYSE:LYG – Free Report) by 198.6% in the first quarter, HoldingsChannel.com reports. The firm owned 184,137 shares of the financial services provider’s stock after buying an additional 122,477 shares during the quarter. Keybank National Association OH’s holdings in Lloyds Banking Group were worth $926,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in the stock. Papamarkou Wellner Asset Management inc. raised its holdings in Lloyds Banking Group by 2.0% during the fourth quarter. Papamarkou Wellner Asset Management inc. now owns 104,100 shares of the financial services provider’s stock worth $552,000 after purchasing an additional 2,000 shares in the last quarter. Aptus Capital Advisors LLC boosted its holdings in shares of Lloyds Banking Group by 11.9% in the 4th quarter. Aptus Capital Advisors LLC now owns 18,869 shares of the financial services provider’s stock valued at $100,000 after buying an additional 2,009 shares in the last quarter. Harbour Investments Inc. grew its position in shares of Lloyds Banking Group by 47.3% in the 4th quarter. Harbour Investments Inc. now owns 6,386 shares of the financial services provider’s stock valued at $34,000 after buying an additional 2,051 shares during the last quarter. Xponance LLC raised its stake in Lloyds Banking Group by 11.9% during the 4th quarter. Xponance LLC now owns 20,138 shares of the financial services provider’s stock worth $107,000 after acquiring an additional 2,146 shares in the last quarter. Finally, Sanctuary Advisors LLC lifted its position in Lloyds Banking Group by 1.3% in the fourth quarter. Sanctuary Advisors LLC now owns 195,055 shares of the financial services provider’s stock valued at $1,034,000 after acquiring an additional 2,598 shares during the last quarter. 2.15% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities analysts have issued reports on LYG shares. Citigroup restated a “buy” rating on shares of Lloyds Banking Group in a research note on Thursday, April 30th. Wall Street Zen downgraded Lloyds Banking Group from a “buy” rating to a “hold” rating in a report on Saturday. UBS Group upgraded Lloyds Banking Group from a “neutral” rating to a “buy” rating in a research note on Thursday, April 30th. Weiss Ratings lowered Lloyds Banking Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Lloyds Banking Group in a report on Tuesday, June 30th. Seven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.
Lloyds Banking Group Trading Down 2.0%
Shares of LYG stock opened at $6.04 on Wednesday. The company has a market capitalization of $88.40 billion, a P/E ratio of 13.74, a price-to-earnings-growth ratio of 0.64 and a beta of 0.87. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.09. The business’s 50 day moving average is $5.49 and its two-hundred day moving average is $5.47. Lloyds Banking Group PLC has a twelve month low of $4.05 and a twelve month high of $6.34.
Lloyds Banking Group (NYSE:LYG – Get Free Report) last released its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $0.13 EPS for the quarter. Lloyds Banking Group had a return on equity of 10.63% and a net margin of 25.11%.The business had revenue of $6.87 billion during the quarter. Equities analysts forecast that Lloyds Banking Group PLC will post 0.53 EPS for the current year.
Lloyds Banking Group Company Profile
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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