Moody’s National Bank Trust Division increased its stake in the shares of Lloyds Banking Group plc (NYSE: LYG – Get a rating) by 45.2% in the first quarter, according to the company in its latest 13F filing with the Securities and Exchange Commission (SEC). The fund held 25,083 shares of the financial services provider after buying an additional 7,806 shares during the quarter. Moody’s National Bank Trust Division holdings in Lloyds Banking Group were worth $60,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently changed their stakes in the company. Summit Trail Advisors LLC bought a new position in Lloyds Banking Group during Q4 worth $26,000. Kestra Private Wealth Services LLC bought a new position in Lloyds Banking Group during Q4 worth $27,000. First Horizon Advisors Inc. increased its stake in Lloyds Banking Group by 605.5% during the 4th quarter. First Horizon Advisors Inc. now owns 11,338 shares of the financial services provider worth $29,000 after buying an additional 9,731 shares in the last quarter. Dorsey & Whitney Trust CO LLC bought a new position in Lloyds Banking Group during Q4 worth $29,000. Finally, Rehmann Capital Advisory Group bought a new position in Lloyds Banking Group during the 4th quarter for a value of $30,000. Hedge funds and other institutional investors own 1.41% of the company’s shares.
A number of research analysts have published reports on the company. StockNews.com purported cover from Lloyds Banking Group in a Thursday, March 31 research report. They set a “holding” rating for the company. Bank of America upgraded Lloyds Banking Group from a “neutral” rating to a “buy” rating in a Wednesday, April 27 research report. Barclays downgraded Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a research report on Tuesday April 5. Royal Bank of Canada raised its price target on Lloyds Banking Group from GBX 44 ($0.54) to GBX 45 ($0.55) in a Thursday, April 28 research report. Finally, JPMorgan Chase & Co. raised its price target on Lloyds Banking Group from GBX 60 ($0.73) to GBX 61 ($0.75) in a Thursday, May 19 research report. One analyst rated the stock with a sell rating, three gave the company a hold rating and nine gave the company a buy rating. Based on data from MarketBeat.com, Lloyds Banking Group currently has an average rating of “Moderate Buy” and a consensus target price of $55.67.
Shares of Lloyds Banking Group shares opened at $2.13 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt ratio of 1.71. The company has a market cap of $37.09 billion, a price-to-earnings ratio of 5.46, a growth price-to-earnings ratio of 0.20, and a beta of 1.31. The company has a fifty-day simple moving average of $2.19 and a 200-day simple moving average of $2.45. Lloyds Banking Group plc has a fifty-two week minimum of $2.00 and a fifty-two week maximum of $3.00.
Lloyds Banking Group (NYSE: LYG – Get a rating) last reported quarterly earnings data on Wednesday, April 27. The financial services provider reported earnings per share of $0.08 for the quarter, matching the consensus estimate of $0.08. The company posted revenue of $5.54 billion in the quarter, versus analyst estimates of $5.20 billion. Lloyds Banking Group achieved a return on equity of 11.10% and a net margin of 25.36%. Analysts expect Lloyds Banking Group plc to post 0.34 earnings per share for the current financial year.
About Lloyds Banking Group (Get a rating)
Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the UK. It operates through three segments: Retail; The Commercial Bank; and insurance and heritage. The Retail segment offers a range of financial services products, including current accounts, savings accounts, mortgages, auto finance, unsecured loans, leasing solutions and credit cards to individuals and to small businesses.
Receive daily news and reviews for Lloyds Banking Group – Enter your email address below to receive a concise daily summary of breaking news and analyst notes for Lloyds Banking Group and related companies with MarketBeat.com’s free daily email newsletter.