Signaturefd LLC increased its stake in Lloyds Banking Group plc (NYSE: LYG – Get a rating) by 20.5% in the first quarter, HoldingsChannel.com reports. The company held 133,467 shares of the financial services provider after purchasing an additional 22,691 shares during the period. Signaturefd LLC’s holdings in Lloyds Banking Group were worth $322,000 at the end of the last quarter.
Other institutional investors and hedge funds also bought and sold shares of the company. Summit Trail Advisors LLC acquired a new stake in Lloyds Banking Group in the fourth quarter worth $26,000. Kestra Private Wealth Services LLC acquired a new stake in Lloyds Banking Group in the fourth quarter worth $27,000. Radnor Capital Management LLC acquired a new stake in Lloyds Banking Group in the first quarter worth $27,000. Dorsey & Whitney Trust CO LLC acquired a new stake in Lloyds Banking Group in the fourth quarter worth $29,000. Finally, First Horizon Advisors Inc. increased its stake in Lloyds Banking Group by 605.5% in the fourth quarter. First Horizon Advisors Inc. now owns 11,338 shares of the financial services provider valued at $29,000 after purchasing an additional 9,731 shares during the period. 1.41% of the shares are currently held by institutional investors and hedge funds.
Changes to analyst ratings
LYG has been the subject of a number of recent research reports. StockNews.com launched a hedge on Lloyds Banking Group in a report on Thursday, March 31. They issued a “holding” rating for the company. Barclays downgraded Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a report on Tuesday April 5. JPMorgan Chase & Co. raised its price target on Lloyds Banking Group from GBX 60 ($0.72) to GBX 61 ($0.73) in a Thursday, May 19 report. Royal Bank of Canada raised its price target on Lloyds Banking Group from GBX 44 ($0.53) to GBX 45 ($0.54) in a Thursday, April 28 report. Finally, UBS Group raised its price target on Lloyds Banking Group from GBX 58 ($0.69) to GBX 61 ($0.73) in a Thursday, April 28 report. One research analyst rated the stock with a sell rating, three issued a hold rating and nine assigned the company a buy rating. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.67.
Lloyds Banking Group price performance
LYG Stock opened at $2.05 on Friday. The stock has a market capitalization of $35.38 billion, a PE ratio of 5.26, a growth price-earnings ratio of 0.20 and a beta of 1.29. The company’s 50-day moving average is $2.11 and its 200-day moving average is $2.38. The company has a debt ratio of 1.71, a current ratio of 1.14 and a quick ratio of 1.14. Lloyds Banking Group plc has a 1 year minimum of $1.90 and a 1 year maximum of $3.00.
Lloyds Banking Group (NYSE: LYG – Get a rating) last released its quarterly earnings data on Wednesday, April 27. The financial services provider reported earnings per share (EPS) of $0.08 for the quarter, meeting analyst consensus estimates of $0.08. Lloyds Banking Group achieved a net margin of 25.36% and a return on equity of 11.10%. The company posted revenue of $5.54 billion for the quarter, versus $5.20 billion expected by analysts. Equity research analysts expect Lloyds Banking Group plc to post EPS of 0.34 for the current financial year.
About Lloyds Banking Group
Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the UK. It operates through three segments: Retail; The Commercial Bank; and insurance and heritage. The Retail segment offers a range of financial services products, including current accounts, savings accounts, mortgages, auto finance, unsecured loans, leasing solutions and credit cards to individuals and to small businesses.
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