Lloyds Banking Group plc (NYSE:LYG) Stock Holdings Raised by Parallel Advisors LLC

Parallel Advisors LLC raised its stake in Lloyds Banking Group plc (NYSE:LYGFree Report) by 64.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 36,772 shares of the financial services provider’s stock after purchasing an additional 14,355 shares during the period. Parallel Advisors LLC’s holdings in Lloyds Banking Group were worth $88,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. American Century Companies Inc. increased its position in shares of Lloyds Banking Group by 6.1% in the 3rd quarter. American Century Companies Inc. now owns 3,986,428 shares of the financial services provider’s stock worth $8,491,000 after purchasing an additional 228,359 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Lloyds Banking Group in the 3rd quarter worth about $1,363,000. Ieq Capital LLC grew its position in shares of Lloyds Banking Group by 94.4% during the 4th quarter. Ieq Capital LLC now owns 41,749 shares of the financial services provider’s stock valued at $100,000 after buying an additional 20,270 shares during the last quarter. First Trust Direct Indexing L.P. grew its position in shares of Lloyds Banking Group by 4.1% during the 4th quarter. First Trust Direct Indexing L.P. now owns 309,779 shares of the financial services provider’s stock valued at $740,000 after buying an additional 12,334 shares during the last quarter. Finally, UBS Group AG grew its position in shares of Lloyds Banking Group by 21.9% during the 3rd quarter. UBS Group AG now owns 2,285,047 shares of the financial services provider’s stock valued at $4,867,000 after buying an additional 411,188 shares during the last quarter. Institutional investors own 2.15% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on LYG shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Lloyds Banking Group in a research report on Thursday, May 9th. They set a “buy” rating for the company. Bank of America raised shares of Lloyds Banking Group from a “neutral” rating to a “buy” rating in a research report on Thursday, March 21st. Finally, Berenberg Bank started coverage on shares of Lloyds Banking Group in a research report on Thursday, April 25th. They set a “hold” rating and a $2.75 price objective for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Lloyds Banking Group presently has an average rating of “Hold” and an average target price of $52.55.

Get Our Latest Research Report on Lloyds Banking Group

Lloyds Banking Group Trading Down 1.4 %

Lloyds Banking Group stock opened at $2.79 on Thursday. 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 50-day moving average price of $2.66 and a two-hundred day moving average price of $2.41. The firm has a market capitalization of $44.09 billion, a price-to-earnings ratio of 7.34, a PEG ratio of 1.18 and a beta of 1.33. Lloyds Banking Group plc has a 52-week low of $1.88 and a 52-week high of $2.87.

Lloyds Banking Group (NYSE:LYGGet Free Report) last posted its 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 net margin of 13.41% and a return on equity of 10.35%. Sell-side analysts expect that Lloyds Banking Group plc will post 0.32 earnings per share for the current year.

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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