PNC Financial Services Group Inc. Trims Stock Position in Lloyds Banking Group plc (NYSE:LYG)

PNC Financial Services Group Inc. lessened its stake in Lloyds Banking Group plc (NYSE:LYGFree Report) by 87.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 253,216 shares of the financial services provider’s stock after selling 1,836,021 shares during the period. PNC Financial Services Group Inc.’s holdings in Lloyds Banking Group were worth $605,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Naples Money Management LLC purchased a new position in Lloyds Banking Group in the 4th quarter worth approximately $25,000. TCG Advisory Services LLC purchased a new position in Lloyds Banking Group in the 4th quarter worth approximately $25,000. Atria Wealth Solutions Inc. purchased a new position in Lloyds Banking Group in the 4th quarter worth approximately $26,000. D Orazio & Associates Inc. bought a new stake in shares of Lloyds Banking Group in the 4th quarter worth approximately $26,000. Finally, Johnson Investment Counsel Inc. bought a new stake in shares of Lloyds Banking Group in the 3rd quarter worth approximately $27,000. Hedge funds and other institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Trading Up 0.7 %

NYSE:LYG opened at $2.82 on Friday. The company has a fifty day moving average of $2.64 and a 200 day moving average of $2.40. Lloyds Banking Group plc has a 52 week low of $1.88 and a 52 week high of $2.87. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 1.82. The firm has a market capitalization of $44.57 billion, a P/E ratio of 7.42, a P/E/G ratio of 1.18 and a beta of 1.34.

Lloyds Banking Group (NYSE:LYGGet Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $0.09 earnings per share (EPS) for the quarter. The business had revenue of $14.35 billion for the quarter. Lloyds Banking Group had a net margin of 13.41% and a return on equity of 10.35%. On average, research analysts predict that Lloyds Banking Group plc will post 0.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

LYG has been the subject of a number of recent research reports. Berenberg Bank initiated coverage on shares of Lloyds Banking Group in a report on Thursday, April 25th. They issued a “hold” rating and a $2.75 price objective for the company. Bank of America upgraded shares of Lloyds Banking Group from a “neutral” rating to a “buy” rating in a report on Thursday, March 21st. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Lloyds Banking Group in a report on Thursday, May 9th. They issued a “buy” rating for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $52.55.

View Our Latest Research Report on Lloyds Banking Group

Lloyds Banking Group Profile

(Free Report)

Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom and internationally. It operates in 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 customers.

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

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