Marcum Wealth LLC buys 12,553 shares of Lloyds Banking Group plc (NYSE: LYG)

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Marcum Wealth LLC increased its stake in Lloyds Banking Group plc (NYSE: LYGGet a rating) by 29.7% in Q1, according to the company in its latest filing with the Securities and Exchange Commission. The institutional investor held 54,760 shares of the financial services provider after acquiring an additional 12,553 shares during the period. Marcum Wealth LLC’s holdings in Lloyds Banking Group were worth $132,000 at the end of the last quarter.

Other institutional investors and hedge funds have also recently increased or reduced their stakes in the company. Summit Trail Advisors LLC acquired a new position in Lloyds Banking Group during Q4 worth approximately $26,000. Kestra Private Wealth Services LLC acquired a new position in Lloyds Banking Group during Q4, valued at approximately $27,000. First Horizon Advisors Inc. increased its position 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 valued at $29,000 after buying an additional 9,731 shares last quarter. Dorsey & Whitney Trust CO LLC acquired a new position in Lloyds Banking Group during Q4, valued at approximately $29,000. Finally, Rehmann Capital Advisory Group acquired a new position in Lloyds Banking Group during Q4 worth approximately $30,000. 1.41% of the shares are held by hedge funds and other institutional investors.

Shares of LYG opened at $2.05 on Friday. Lloyds Banking Group plc has a 52 week low of $1.98 and a 52 week high of $3.00. 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 capitalization of $35.69 billion, a price-earnings ratio of 5.26, a PEG ratio of 0.20 and a beta of 1.31. The stock’s 50-day moving average price is $2.16 and its 200-day moving average price is $2.44.

Lloyds Banking Group (NYSE: LYGGet a rating) last reported results on Wednesday, April 27. The financial services provider reported EPS of $0.08 for the quarter, meeting analyst consensus estimates of $0.08. Lloyds Banking Group achieved a return on equity of 11.10% and a net margin of 25.36%. The company posted revenue of $5.54 billion for the quarter, versus a consensus estimate of $5.20 billion. As a group, equity analysts expect Lloyds Banking Group plc to post EPS of 0.34 for the current financial year.

LYG has been the subject of several recent analyst reports. UBS Group raised its price target on Lloyds Banking Group from GBX 58 ($0.71) to GBX 61 ($0.75) in a Thursday, April 28 research report. JPMorgan Chase & Co. raised its price target on Lloyds Banking Group from GBX 60 ($0.74) to GBX 61 ($0.75) in a Thursday, May 19 research report. StockNews.com purported cover from Lloyds Banking Group in a Thursday, March 31 research note. They have placed a “holding” rating on the stock. Bank of America upgraded Lloyds Banking Group from a “neutral” rating to a “buy” rating in a Wednesday, April 27 research note. Finally, 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 note. One financial analyst has assigned the stock a sell rating, three have issued a hold rating and nine have assigned the company’s stock a buy rating. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $55.67.

Lloyds Banking Group Profile (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.

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Institutional ownership by quarter for Lloyds Banking Group (NYSE:LYG)



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