Lloyds Banking Group plc (NYSE:LYG) Shares Bought by US Bancorp DE

US Bancorp DE grew its position in Lloyds Banking Group plc (NYSE:LYGFree Report) by 12.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 323,708 shares of the financial services provider’s stock after buying an additional 35,868 shares during the quarter. US Bancorp DE’s holdings in Lloyds Banking Group were worth $774,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kestra Private Wealth Services LLC grew its position in Lloyds Banking Group by 29.7% in the 4th quarter. Kestra Private Wealth Services LLC now owns 21,006 shares of the financial services provider’s stock valued at $50,000 after acquiring an additional 4,813 shares in the last quarter. Lake Street Advisors Group LLC grew its holdings in shares of Lloyds Banking Group by 10.0% in the third quarter. Lake Street Advisors Group LLC now owns 54,118 shares of the financial services provider’s stock valued at $115,000 after purchasing an additional 4,915 shares in the last quarter. Stratos Wealth Partners LTD. increased its stake in Lloyds Banking Group by 22.1% during the 4th quarter. Stratos Wealth Partners LTD. now owns 28,485 shares of the financial services provider’s stock worth $68,000 after buying an additional 5,152 shares during the period. CreativeOne Wealth LLC boosted its position in Lloyds Banking Group by 44.3% in the 4th quarter. CreativeOne Wealth LLC now owns 17,738 shares of the financial services provider’s stock valued at $42,000 after buying an additional 5,447 shares during the period. Finally, Allworth Financial LP grew its stake in shares of Lloyds Banking Group by 36.4% in the fourth quarter. Allworth Financial LP now owns 21,032 shares of the financial services provider’s stock worth $50,000 after acquiring an additional 5,609 shares in the last quarter. Hedge funds and other institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Trading Down 1.4 %

NYSE:LYG opened at $2.79 on Thursday. Lloyds Banking Group plc has a 1 year low of $1.88 and a 1 year high of $2.87. The stock has a market cap of $44.09 billion, a P/E ratio of 7.34, a P/E/G ratio of 1.18 and a beta of 1.33. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.48 and a current ratio of 1.48. The stock has a 50-day simple moving average of $2.66 and a 200-day simple moving average of $2.41.

Lloyds Banking Group (NYSE:LYGGet Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.09 earnings per share (EPS) for the quarter. The firm had revenue of $14.35 billion during the quarter. Lloyds Banking Group had a return on equity of 10.35% and a net margin of 13.41%. As a group, analysts anticipate that Lloyds Banking Group plc will post 0.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LYG. Berenberg Bank assumed coverage on Lloyds Banking Group in a research note on Thursday, April 25th. They issued a “hold” rating and a $2.75 price objective on the stock. Deutsche Bank Aktiengesellschaft began coverage on Lloyds Banking Group in a research note on Thursday, May 9th. They issued a “buy” rating for the company. Finally, Bank of America raised Lloyds Banking Group from a “neutral” rating to a “buy” rating in a research report on Thursday, March 21st. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $52.55.

Get Our Latest Report on LYG

About Lloyds Banking Group

(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.

Further Reading

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

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