Lloyds Banking Group plc (NYSE:LYG) Position Cut by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lowered its position in shares of Lloyds Banking Group plc (NYSE:LYGFree Report) by 82.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 57,392 shares of the financial services provider’s stock after selling 273,239 shares during the period. Sequoia Financial Advisors LLC’s holdings in Lloyds Banking Group were worth $149,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. TCG Advisory Services LLC bought a new position in shares of Lloyds Banking Group in the fourth quarter worth $25,000. Naples Money Management LLC bought a new position in Lloyds Banking Group in the 4th quarter valued at about $25,000. Atria Wealth Solutions Inc. bought a new stake in shares of Lloyds Banking Group during the 4th quarter worth about $26,000. D Orazio & Associates Inc. bought a new stake in shares of Lloyds Banking Group during the 4th quarter worth about $26,000. Finally, Russell Investments Group Ltd. lifted its stake in shares of Lloyds Banking Group by 234.3% in the 4th quarter. Russell Investments Group Ltd. now owns 11,105 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 7,783 shares during the period. Institutional investors and hedge funds own 2.15% of the company’s stock.

Lloyds Banking Group Stock Up 0.7 %

Shares of Lloyds Banking Group stock opened at $2.96 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. Lloyds Banking Group plc has a 12-month low of $1.88 and a 12-month high of $3.02. The firm has a market capitalization of $46.53 billion, a PE ratio of 7.79, a price-to-earnings-growth ratio of 1.27 and a beta of 1.35. The stock’s fifty day moving average is $2.77 and its 200-day moving average is $2.51.

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on LYG. BNP Paribas raised Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a report on Friday, July 5th. Deutsche Bank Aktiengesellschaft began coverage on Lloyds Banking Group in a report on Thursday, May 9th. They issued a “buy” rating for the company. Berenberg Bank assumed coverage on Lloyds Banking Group in a report on Thursday, April 25th. They set a “hold” rating and a $2.75 target price on the stock. Finally, Bank of America upgraded shares of Lloyds Banking Group from a “neutral” rating to a “buy” rating in a research report on Thursday, March 21st. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.25.

View Our Latest Report on LYG

Lloyds Banking Group Company 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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