Lloyds Banking Group PLC $LYG Shares Bought by Ethic Inc.

Ethic Inc. raised its position in shares of Lloyds Banking Group PLC (NYSE:LYG) by 8.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,422,913 shares of the financial services provider’s stock after buying an additional 108,599 shares during the period. Ethic Inc.’s holdings in Lloyds Banking Group were worth $6,460,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of LYG. Ieq Capital LLC boosted its holdings in Lloyds Banking Group by 6.5% during the 1st quarter. Ieq Capital LLC now owns 98,957 shares of the financial services provider’s stock valued at $378,000 after acquiring an additional 6,032 shares during the period. Vident Advisory LLC lifted its position in shares of Lloyds Banking Group by 38.0% during the first quarter. Vident Advisory LLC now owns 435,745 shares of the financial services provider’s stock worth $1,665,000 after purchasing an additional 119,876 shares in the last quarter. Pinnacle Wealth Planning Services Inc. boosted its stake in shares of Lloyds Banking Group by 25.0% in the first quarter. Pinnacle Wealth Planning Services Inc. now owns 20,359 shares of the financial services provider’s stock valued at $78,000 after purchasing an additional 4,074 shares during the period. MAI Capital Management grew its holdings in shares of Lloyds Banking Group by 61.3% in the first quarter. MAI Capital Management now owns 11,830 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 4,494 shares in the last quarter. Finally, Retirement Planning Co of New England Inc. increased its stake in Lloyds Banking Group by 31.3% during the 1st quarter. Retirement Planning Co of New England Inc. now owns 26,985 shares of the financial services provider’s stock worth $103,000 after buying an additional 6,433 shares during the period. Hedge funds and other institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Trading Down 0.8%

NYSE:LYG opened at $5.30 on Tuesday. Lloyds Banking Group PLC has a 1 year low of $2.56 and a 1 year high of $5.34. The stock has a market cap of $78.01 billion, a P/E ratio of 15.13, a P/E/G ratio of 0.75 and a beta of 0.90. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.53 and a current ratio of 0.55. The stock has a 50-day simple moving average of $4.93 and a 200-day simple moving average of $4.56.

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

Wall Street Analyst Weigh In

Several equities analysts have commented on LYG shares. Kepler Capital Markets raised shares of Lloyds Banking Group from a “hold” rating to a “buy” rating in a research report on Thursday, October 9th. Wall Street Zen cut Lloyds Banking Group from a “buy” rating to a “hold” rating in a research note on Monday, October 20th. Citigroup reissued a “neutral” rating on shares of Lloyds Banking Group in a research note on Monday, December 1st. Zacks Research downgraded Lloyds Banking Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 23rd. Finally, BNP Paribas cut Lloyds Banking Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 10th. 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. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Lloyds Banking Group Profile

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.