Avantax Advisory Services Inc. Boosts Holdings in Lloyds Banking Group plc (NYSE:LYG)

Avantax Advisory Services Inc. grew its position in shares of Lloyds Banking Group plc (NYSE:LYGGet Rating) by 58.4% during the first quarter, HoldingsChannel reports. The firm owned 43,675 shares of the financial services provider’s stock after buying an additional 16,110 shares during the period. Avantax Advisory Services Inc.’s holdings in Lloyds Banking Group were worth $105,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in LYG. Gluskin Sheff & Assoc Inc. bought a new stake in shares of Lloyds Banking Group in the fourth quarter worth $11,947,000. Goldman Sachs Group Inc. increased its stake in shares of Lloyds Banking Group by 4.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 15,559,047 shares of the financial services provider’s stock worth $39,675,000 after buying an additional 701,420 shares during the last quarter. CIBC Private Wealth Group LLC increased its stake in shares of Lloyds Banking Group by 4.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 14,161,763 shares of the financial services provider’s stock worth $36,113,000 after buying an additional 662,990 shares during the last quarter. Northern Trust Corp increased its stake in Lloyds Banking Group by 17.3% during the fourth quarter. Northern Trust Corp now owns 10,649,272 shares of the financial services provider’s stock valued at $27,155,000 after purchasing an additional 1,570,999 shares during the last quarter. Finally, Morningstar Investment Services LLC increased its stake in Lloyds Banking Group by 51.8% during the fourth quarter. Morningstar Investment Services LLC now owns 8,846,517 shares of the financial services provider’s stock valued at $22,554,000 after purchasing an additional 3,018,830 shares during the last quarter. Hedge funds and other institutional investors own 1.41% of the company’s stock.

Lloyds Banking Group Stock Up 0.5 %

Shares of Lloyds Banking Group stock opened at $2.09 on Friday. The stock has a market capitalization of $36.07 billion, a P/E ratio of 5.36, a PEG ratio of 0.20 and a beta of 1.29. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.71. The stock has a 50 day moving average price of $2.11 and a two-hundred day moving average price of $2.39. Lloyds Banking Group plc has a 12-month low of $1.90 and a 12-month high of $3.00.

Lloyds Banking Group (NYSE:LYGGet Rating) last posted its quarterly earnings data on Wednesday, April 27th. The financial services provider reported $0.08 earnings per share for the quarter, meeting the consensus estimate of $0.08. Lloyds Banking Group had a return on equity of 11.10% and a net margin of 25.36%. The company had revenue of $5.54 billion during the quarter, compared to analysts’ expectations of $5.20 billion. Equities analysts expect that Lloyds Banking Group plc will post 0.34 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Royal Bank of Canada boosted their target price on shares of Lloyds Banking Group from GBX 44 ($0.53) to GBX 45 ($0.54) in a research note on Thursday, April 28th. StockNews.com assumed coverage on shares of Lloyds Banking Group in a research note on Thursday, March 31st. They set a “hold” rating for the company. UBS Group boosted their target price on shares of Lloyds Banking Group from GBX 58 ($0.69) to GBX 61 ($0.73) in a research note on Thursday, April 28th. Barclays downgraded shares of Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a report on Tuesday, April 5th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Lloyds Banking Group from GBX 60 ($0.72) to GBX 61 ($0.73) in a report on Thursday, May 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Lloyds Banking Group has an average rating of “Moderate Buy” and a consensus target price of $55.67.

Lloyds Banking Group Company Profile

(Get Rating)

Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom. 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, mortgages, motor finance, unsecured 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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