Bard Financial Services Inc. Has $7.49 Million Stock Holdings in Lloyds Banking Group PLC $LYG

Bard Financial Services Inc. lowered its position in shares of Lloyds Banking Group PLC (NYSE:LYG) by 19.7% in the third quarter, Holdings Channel reports. The institutional investor owned 1,649,635 shares of the financial services provider’s stock after selling 403,470 shares during the period. Bard Financial Services Inc.’s holdings in Lloyds Banking Group were worth $7,489,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of LYG. Beck Bode LLC bought a new position in Lloyds Banking Group during the 2nd quarter worth approximately $5,254,000. ABC Arbitrage SA bought a new position in Lloyds Banking Group during the second quarter worth $1,689,000. First Eagle Investment Management LLC grew its holdings in Lloyds Banking Group by 9.9% during the 2nd quarter. First Eagle Investment Management LLC now owns 6,816,161 shares of the financial services provider’s stock worth $28,969,000 after acquiring an additional 612,523 shares during the period. Quantbot Technologies LP grew its holdings in Lloyds Banking Group by 430.5% during the 2nd quarter. Quantbot Technologies LP now owns 479,674 shares of the financial services provider’s stock worth $2,039,000 after acquiring an additional 389,255 shares during the period. Finally, Inspire Investing LLC acquired a new position in shares of Lloyds Banking Group in the 2nd quarter valued at about $2,649,000. 2.15% of the stock is currently owned by institutional investors and hedge funds.

Lloyds Banking Group Stock Performance

Shares of LYG stock opened at $5.34 on Friday. Lloyds Banking Group PLC has a one year low of $2.56 and a one year high of $5.34. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.55 and a quick ratio of 0.53. The firm has a 50-day moving average of $4.91 and a 200-day moving average of $4.55. The company has a market cap of $78.60 billion, a P/E ratio of 15.24, a P/E/G ratio of 0.75 and a beta of 0.90.

Lloyds Banking Group (NYSE:LYG) last posted its earnings results on Thursday, October 23rd. The financial services provider reported $0.05 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.07). The firm had revenue of $6.56 billion for the quarter, compared to the consensus estimate of $5.02 billion. Lloyds Banking Group had a return on equity of 8.38% and a net margin of 18.04%. Equities research analysts forecast that Lloyds Banking Group PLC will post 0.27 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Wall Street Zen downgraded Lloyds Banking Group from a “buy” rating to a “hold” rating in a report on Monday, October 20th. Kepler Capital Markets upgraded shares of Lloyds Banking Group from a “hold” rating to a “buy” rating in a research note on Thursday, October 9th. BNP Paribas lowered shares of Lloyds Banking Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 10th. Zacks Research downgraded shares of Lloyds Banking Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 23rd. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Lloyds Banking Group in a research report on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

About Lloyds Banking Group

Lloyds Banking Group plc is a UK-based banking and financial services company that provides a broad range of retail, commercial and insurance products. Its principal consumer-facing brands include Lloyds Bank, Halifax and Bank of Scotland, through which it offers current accounts, savings, mortgages, credit cards and personal loans. The group also delivers services to small and medium-sized enterprises (SMEs) and larger corporate clients, supplying business accounts, lending, payments and cash-management solutions.

In addition to core banking, Lloyds operates a significant wealth and insurance arm under the Scottish Widows brand, offering life insurance, pensions, investment and retirement planning products.