Cibc World Market Inc. Has $12.86 Million Holdings in Lloyds Banking Group PLC $LYG

Cibc World Market Inc. trimmed its position in Lloyds Banking Group PLC (NYSE:LYG) by 30.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,426,464 shares of the financial services provider’s stock after selling 1,039,864 shares during the quarter. Cibc World Market Inc.’s holdings in Lloyds Banking Group were worth $12,860,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Tucker Asset Management LLC acquired a new stake in Lloyds Banking Group during the 4th quarter valued at $27,000. Westside Investment Management Inc. boosted its position in shares of Lloyds Banking Group by 100.0% in the third quarter. Westside Investment Management Inc. now owns 6,406 shares of the financial services provider’s stock worth $29,000 after buying an additional 3,203 shares during the period. Concord Wealth Partners grew its holdings in shares of Lloyds Banking Group by 124.9% during the third quarter. Concord Wealth Partners now owns 7,203 shares of the financial services provider’s stock valued at $33,000 after buying an additional 4,000 shares in the last quarter. Harbour Investments Inc. grew its holdings in shares of Lloyds Banking Group by 47.3% during the fourth quarter. Harbour Investments Inc. now owns 6,386 shares of the financial services provider’s stock valued at $34,000 after buying an additional 2,051 shares in the last quarter. Finally, Eagle Bay Advisors LLC acquired a new position in Lloyds Banking Group during the fourth quarter valued at $35,000. Institutional investors and hedge funds own 2.15% of the company’s stock.

Lloyds Banking Group Price Performance

LYG opened at $5.32 on Friday. The stock has a fifty day moving average price of $5.34 and a 200 day moving average price of $5.35. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.09. Lloyds Banking Group PLC has a 1 year low of $3.98 and a 1 year high of $6.34. The stock has a market cap of $77.73 billion, a price-to-earnings ratio of 12.08, a PEG ratio of 0.55 and a beta of 0.87.

Lloyds Banking Group (NYSE:LYG) last posted its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $0.13 earnings per share for the quarter. The company had revenue of $6.87 billion during the quarter. Lloyds Banking Group had a return on equity of 10.63% and a net margin of 25.11%. Analysts forecast that Lloyds Banking Group PLC will post 0.53 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on LYG shares. Citigroup restated a “buy” rating on shares of Lloyds Banking Group in a research report on Thursday, April 30th. Wall Street Zen raised shares of Lloyds Banking Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. UBS Group upgraded shares of Lloyds Banking Group from a “neutral” rating to a “buy” rating in a report on Thursday, April 30th. Finally, Weiss Ratings lowered shares of Lloyds Banking Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Seven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Lloyds Banking Group currently has a consensus rating of “Moderate Buy”.

Lloyds Banking Group Company 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.