Bank of New York Mellon Corp Has $3.79 Million Holdings in Lloyds Banking Group PLC (NYSE:LYG)

Bank of New York Mellon Corp boosted its holdings in shares of Lloyds Banking Group PLC (NYSE:LYG) by 23.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 992,298 shares of the financial services provider’s stock after acquiring an additional 190,586 shares during the quarter. Bank of New York Mellon Corp’s holdings in Lloyds Banking Group were worth $3,791,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. World Investment Advisors increased its position in Lloyds Banking Group by 14.4% in the 1st quarter. World Investment Advisors now owns 25,394 shares of the financial services provider’s stock worth $97,000 after purchasing an additional 3,197 shares during the last quarter. Jackson Thornton Wealth Management LLC increased its position in Lloyds Banking Group by 20.4% in the 1st quarter. Jackson Thornton Wealth Management LLC now owns 15,168 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 2,573 shares during the last quarter. OneDigital Investment Advisors LLC increased its position in Lloyds Banking Group by 4.5% in the 1st quarter. OneDigital Investment Advisors LLC now owns 114,694 shares of the financial services provider’s stock worth $438,000 after purchasing an additional 4,895 shares during the last quarter. Silver Oak Securities Incorporated acquired a new position in Lloyds Banking Group in the 1st quarter worth about $57,000. Finally, Checchi Capital Advisers LLC increased its position in Lloyds Banking Group by 23.8% in the 1st quarter. Checchi Capital Advisers LLC now owns 65,389 shares of the financial services provider’s stock worth $250,000 after purchasing an additional 12,585 shares during the last quarter. 2.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LYG has been the subject of several recent analyst reports. Keefe, Bruyette & Woods upgraded Lloyds Banking Group from a “hold” rating to a “moderate buy” rating in a research note on Thursday, July 17th. HSBC upgraded Lloyds Banking Group from a “hold” rating to a “buy” rating in a research note on Tuesday, April 1st. Finally, Wall Street Zen upgraded Lloyds Banking Group from a “hold” rating to a “buy” rating in a research note on Saturday. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Lloyds Banking Group Trading Up 1.8%

LYG stock opened at $4.32 on Friday. The business has a fifty day moving average price of $4.19 and a 200 day moving average price of $3.74. Lloyds Banking Group PLC has a fifty-two week low of $2.56 and a fifty-two week high of $4.34. The stock has a market capitalization of $64.75 billion, a price-to-earnings ratio of 10.79, a P/E/G ratio of 0.91 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 (NYSE:LYG) last released its quarterly earnings results on Thursday, July 24th. The financial services provider reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.04. Lloyds Banking Group had a return on equity of 9.40% and a net margin of 17.51%. The firm had revenue of $6.13 billion during the quarter, compared to analysts’ expectations of $4.86 billion. Analysts expect that Lloyds Banking Group PLC will post 0.27 EPS for the current fiscal year.

Lloyds Banking Group 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.