M&T Bank Corp Has $229,000 Position in Lloyds Banking Group PLC (NYSE:LYG)

M&T Bank Corp grew its holdings in Lloyds Banking Group PLC (NYSE:LYG) by 8.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 59,945 shares of the financial services provider’s stock after purchasing an additional 4,560 shares during the quarter. M&T Bank Corp’s holdings in Lloyds Banking Group were worth $229,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in LYG. Crux Wealth Advisors acquired a new stake in Lloyds Banking Group during the fourth quarter worth about $28,000. Focus Partners Wealth acquired a new stake in Lloyds Banking Group during the fourth quarter worth about $31,000. Jackson Thornton Wealth Management LLC acquired a new stake in Lloyds Banking Group during the fourth quarter worth about $34,000. Advisor Resource Council acquired a new stake in Lloyds Banking Group during the first quarter worth about $37,000. Finally, Huntington National Bank grew its position in Lloyds Banking Group by 282.7% during the fourth quarter. Huntington National Bank now owns 13,787 shares of the financial services provider’s stock worth $38,000 after buying an additional 10,184 shares in the last quarter. 2.15% of the stock is owned by institutional investors and hedge funds.

Lloyds Banking Group Stock Down 1.2%

Shares of LYG opened at $4.17 on Friday. The company has a market capitalization of $62.80 billion, a P/E ratio of 11.91, a PEG ratio of 0.88 and a beta of 0.99. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.53 and a quick ratio of 0.53. Lloyds Banking Group PLC has a one year low of $2.56 and a one year high of $4.30. The business’s 50 day simple moving average is $4.15 and its 200-day simple moving average is $3.68.

Lloyds Banking Group (NYSE:LYG) last announced its earnings results on Thursday, May 1st. The financial services provider reported $0.11 EPS for the quarter, topping the consensus estimate of $0.08 by $0.03. The business had revenue of $5.91 billion for the quarter, compared to the consensus estimate 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, sell-side analysts predict that Lloyds Banking Group PLC will post 0.27 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. HSBC raised Lloyds Banking Group from a “hold” rating to a “buy” rating in a report on Tuesday, April 1st. Wall Street Zen raised Lloyds Banking Group from a “sell” rating to a “hold” rating in a report on Tuesday, May 13th. Seven equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Lloyds Banking Group currently has an average rating of “Hold”.

Lloyds Banking Group Company Profile

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.