Janney Montgomery Scott LLC Trims Stock Position in Lloyds Banking Group PLC (NYSE:LYG)

Janney Montgomery Scott LLC decreased its position in shares of Lloyds Banking Group PLC (NYSE:LYG) by 13.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 128,390 shares of the financial services provider’s stock after selling 20,435 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Lloyds Banking Group were worth $490,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Arrowstreet Capital Limited Partnership grew its stake in Lloyds Banking Group by 11.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 26,669,053 shares of the financial services provider’s stock worth $72,540,000 after buying an additional 2,713,559 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Lloyds Banking Group by 2.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 16,404,259 shares of the financial services provider’s stock valued at $44,620,000 after acquiring an additional 453,326 shares during the period. Northern Trust Corp grew its position in shares of Lloyds Banking Group by 34.7% during the fourth quarter. Northern Trust Corp now owns 15,604,325 shares of the financial services provider’s stock worth $42,444,000 after acquiring an additional 4,021,039 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Lloyds Banking Group by 225.0% in the 4th quarter. Millennium Management LLC now owns 7,098,940 shares of the financial services provider’s stock valued at $19,309,000 after acquiring an additional 4,914,680 shares during the period. Finally, American Century Companies Inc. raised its position in Lloyds Banking Group by 10.1% in the 4th quarter. American Century Companies Inc. now owns 6,611,908 shares of the financial services provider’s stock valued at $17,984,000 after purchasing an additional 604,924 shares during the last quarter. Institutional investors and hedge funds own 2.15% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on LYG shares. Keefe, Bruyette & Woods downgraded shares of Lloyds Banking Group from an “outperform” rating to a “market perform” rating in a research report on Tuesday, March 11th. Wall Street Zen raised Lloyds Banking Group from a “sell” rating to a “hold” rating in a report on Tuesday, May 13th. HSBC raised Lloyds Banking Group from a “hold” rating to a “buy” rating in a research note on Tuesday, April 1st. Finally, Hsbc Global Res upgraded Lloyds Banking Group to a “strong-buy” rating in a research note on Thursday, March 20th. Seven analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Lloyds Banking Group currently has a consensus rating of “Hold”.

Lloyds Banking Group Stock Up 2.9%

Shares of NYSE:LYG opened at $4.15 on Friday. The company has a market cap of $62.42 billion, a price-to-earnings ratio of 11.84, a PEG ratio of 0.85 and a beta of 0.99. Lloyds Banking Group PLC has a fifty-two week low of $2.56 and a fifty-two week high of $4.30. The firm’s 50-day simple moving average is $4.09 and its 200-day simple moving average is $3.57. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.62.

Lloyds Banking Group (NYSE:LYG) last announced its quarterly earnings data on Thursday, May 1st. The financial services provider reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. The company had revenue of $5.91 billion for the quarter, compared to analyst estimates of $4.78 billion. Lloyds Banking Group had a return on equity of 8.62% and a net margin of 14.39%. As a group, equities research analysts predict that Lloyds Banking Group PLC will post 0.27 earnings per share for the current year.

About Lloyds Banking Group

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.