LPL Financial LLC grew its position in shares of Lloyds Banking Group plc (NYSE:LYG – Free Report) by 4.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 945,460 shares of the financial services provider’s stock after buying an additional 38,457 shares during the quarter. LPL Financial LLC’s holdings in Lloyds Banking Group were worth $2,080,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Centurion Wealth Management LLC lifted its holdings in shares of Lloyds Banking Group by 31.5% during the 2nd quarter. Centurion Wealth Management LLC now owns 19,514 shares of the financial services provider’s stock valued at $43,000 after buying an additional 4,670 shares during the period. Ellevest Inc. lifted its holdings in shares of Lloyds Banking Group by 2.4% during the 1st quarter. Ellevest Inc. now owns 200,108 shares of the financial services provider’s stock valued at $464,000 after buying an additional 4,710 shares during the period. Advisory Services Network LLC lifted its holdings in shares of Lloyds Banking Group by 5.7% during the 1st quarter. Advisory Services Network LLC now owns 87,891 shares of the financial services provider’s stock valued at $204,000 after buying an additional 4,744 shares during the period. Drive Wealth Management LLC lifted its holdings in shares of Lloyds Banking Group by 17.5% during the 2nd quarter. Drive Wealth Management LLC now owns 33,401 shares of the financial services provider’s stock valued at $73,000 after buying an additional 4,974 shares during the period. Finally, West Family Investments Inc. raised its holdings in Lloyds Banking Group by 6.7% in the 1st quarter. West Family Investments Inc. now owns 81,755 shares of the financial services provider’s stock worth $197,000 after purchasing an additional 5,124 shares during the period. 2.15% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on LYG shares. Deutsche Bank Aktiengesellschaft decreased their target price on Lloyds Banking Group from GBX 63 ($0.78) to GBX 62 ($0.77) in a report on Friday, September 22nd. Royal Bank of Canada decreased their target price on Lloyds Banking Group from GBX 70 ($0.86) to GBX 68 ($0.84) in a report on Thursday, July 27th. Finally, StockNews.com started coverage on Lloyds Banking Group in a report on Thursday, October 5th. They issued a “hold” rating on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $63.29.
Lloyds Banking Group Stock Performance
Shares of LYG stock opened at $2.03 on Friday. Lloyds Banking Group plc has a 52-week low of $1.88 and a 52-week high of $2.63. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.16 and a current ratio of 1.48. The firm has a market capitalization of $32.25 billion, a PE ratio of 5.21, a PEG ratio of 0.48 and a beta of 1.29. The stock has a fifty day simple moving average of $2.05 and a two-hundred day simple moving average of $2.17.
Lloyds Banking Group (NYSE:LYG – Get Free Report) last issued its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. Lloyds Banking Group had a return on equity of 11.48% and a net margin of 20.61%. The business had revenue of $5.72 billion during the quarter. On average, analysts predict that Lloyds Banking Group plc will post 0.38 EPS for the current fiscal year.
Lloyds Banking Group Company Profile
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, Pensions, and Investments. 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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