Calamos Advisors LLC Sells 12,209 Shares of Lloyds Banking Group plc (NYSE:LYG)

Calamos Advisors LLC reduced its stake in Lloyds Banking Group plc (NYSE:LYGGet Rating) by 46.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,073 shares of the financial services provider’s stock after selling 12,209 shares during the period. Calamos Advisors LLC’s holdings in Lloyds Banking Group were worth $34,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Gluskin Sheff & Assoc Inc. bought a new position in shares of Lloyds Banking Group in the fourth quarter worth $11,947,000. Goldman Sachs Group Inc. boosted its holdings 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 acquiring an additional 701,420 shares during the period. CIBC Private Wealth Group LLC boosted its holdings 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 acquiring an additional 662,990 shares during the period. Northern Trust Corp boosted its holdings in shares of Lloyds Banking Group by 17.3% in the fourth quarter. Northern Trust Corp now owns 10,649,272 shares of the financial services provider’s stock worth $27,155,000 after acquiring an additional 1,570,999 shares during the period. Finally, Morningstar Investment Services LLC boosted its holdings in shares of Lloyds Banking Group by 51.8% in the fourth quarter. Morningstar Investment Services LLC now owns 8,846,517 shares of the financial services provider’s stock worth $22,554,000 after acquiring an additional 3,018,830 shares during the period. 1.41% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on LYG shares. Barclays downgraded Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, April 5th. JPMorgan Chase & Co. increased their price objective on Lloyds Banking Group from GBX 60 ($0.72) to GBX 61 ($0.73) in a research report on Thursday, May 19th. StockNews.com started coverage on Lloyds Banking Group in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Royal Bank of Canada increased their price objective on Lloyds Banking Group from GBX 44 ($0.53) to GBX 45 ($0.54) in a research report on Thursday, April 28th. Finally, Bank of America upgraded Lloyds Banking Group from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Lloyds Banking Group presently has a consensus rating of “Moderate Buy” and an average price target of $55.67.

Lloyds Banking Group Trading Up 3.4 %

NYSE LYG opened at $2.12 on Tuesday. The stock’s 50-day simple moving average is $2.11 and its two-hundred day simple moving average is $2.38. Lloyds Banking Group plc has a twelve month low of $1.90 and a twelve month high of $3.00. 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 company has a market capitalization of $36.59 billion, a price-to-earnings ratio of 5.44, a PEG ratio of 0.20 and a beta of 1.29.

Lloyds Banking Group (NYSE:LYGGet Rating) last released its quarterly earnings data on Wednesday, April 27th. The financial services provider reported $0.08 EPS for the quarter, hitting the consensus estimate of $0.08. The firm had revenue of $5.54 billion for the quarter, compared to the consensus estimate of $5.20 billion. Lloyds Banking Group had a return on equity of 11.10% and a net margin of 25.36%. Research analysts forecast that Lloyds Banking Group plc will post 0.34 EPS for the current fiscal year.

Lloyds Banking Group Profile

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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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