Lloyds Banking Group PLC (NYSE:LYG) Stake Raised by Advisor Group Inc.

Advisor Group Inc. grew its position in Lloyds Banking Group PLC (NYSE:LYG) by 5.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 299,380 shares of the financial services provider’s stock after acquiring an additional 16,486 shares during the quarter. Advisor Group Inc.’s holdings in Lloyds Banking Group were worth $961,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Enlightenment Research LLC purchased a new stake in shares of Lloyds Banking Group in the fourth quarter valued at $25,000. Massey Quick Simon & CO. LLC purchased a new stake in shares of Lloyds Banking Group in the first quarter valued at $26,000. Western Wealth Management LLC purchased a new stake in shares of Lloyds Banking Group in the fourth quarter valued at $27,000. Webster Bank N. A. purchased a new stake in shares of Lloyds Banking Group in the first quarter valued at $28,000. Finally, Liberty Wealth Management LLC purchased a new stake in shares of Lloyds Banking Group in the fourth quarter valued at $32,000. 1.94% of the stock is currently owned by institutional investors and hedge funds.

LYG has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of Lloyds Banking Group from a “hold” rating to a “sell” rating in a research note on Thursday, February 21st. Goldman Sachs Group raised shares of Lloyds Banking Group from a “sell” rating to a “neutral” rating in a research note on Monday, March 11th. Bank of America downgraded shares of Lloyds Banking Group from a “buy” rating to an “underperform” rating in a research note on Thursday, April 18th. Keefe, Bruyette & Woods downgraded shares of Lloyds Banking Group from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 28th. Finally, Davy Research raised shares of Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a research note on Tuesday, May 28th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $3.75.

LYG stock opened at $2.86 on Friday. The stock has a market capitalization of $51.89 billion, a P/E ratio of 8.67 and a beta of 1.09. Lloyds Banking Group PLC has a 12 month low of $2.43 and a 12 month high of $3.46. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 2.18.

Lloyds Banking Group (NYSE:LYG) last posted its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $0.14 EPS for the quarter. The company had revenue of $5.98 billion for the quarter. Lloyds Banking Group had a net margin of 23.77% and a return on equity of 16.28%. On average, equities research analysts expect that Lloyds Banking Group PLC will post 0.44 EPS for the current fiscal year.

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Lloyds Banking Group Profile

Lloyds Banking Group plc provides banking and financial services under the Lloyds Bank, Halifax, Bank of Scotland, and Scottish Widows brands in the United Kingdom and internationally. It operates through three segments: Retail, Commercial Banking, and Insurance and Wealth. The Retail segment offers a range of financial service products, including current accounts, savings accounts, mortgages, motor finance, unsecured consumer loans, leasing solutions, and credit cards to personal and small business customers.

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Institutional Ownership by Quarter for Lloyds Banking Group (NYSE:LYG)

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