Bessemer Group Inc. Has $1.36 Million Stake in Lloyds Banking Group PLC $LYG

Bessemer Group Inc. boosted its holdings in shares of Lloyds Banking Group PLC (NYSE:LYG) by 3,092.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 270,401 shares of the financial services provider’s stock after buying an additional 261,932 shares during the period. Bessemer Group Inc.’s holdings in Lloyds Banking Group were worth $1,361,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its stake in shares of Lloyds Banking Group by 19.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 186,022 shares of the financial services provider’s stock valued at $970,000 after buying an additional 29,724 shares in the last quarter. D.A. Davidson & CO. boosted its position in shares of Lloyds Banking Group by 125.4% during the 1st quarter. D.A. Davidson & CO. now owns 50,123 shares of the financial services provider’s stock valued at $252,000 after acquiring an additional 27,882 shares in the last quarter. Sanctuary Advisors LLC increased its stake in Lloyds Banking Group by 12.9% in the first quarter. Sanctuary Advisors LLC now owns 220,173 shares of the financial services provider’s stock valued at $1,107,000 after acquiring an additional 25,118 shares during the period. ABC Arbitrage SA acquired a new position in Lloyds Banking Group in the first quarter worth about $155,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in Lloyds Banking Group by 34.3% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 32,634 shares of the financial services provider’s stock worth $164,000 after purchasing an additional 8,331 shares in the last quarter. Institutional investors own 2.15% of the company’s stock.

Analysts Set New Price Targets

LYG has been the topic of a number of recent research reports. Wall Street Zen downgraded Lloyds Banking Group from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Citigroup restated a “buy” rating on shares of Lloyds Banking Group in a research report on Thursday, July 16th. Keefe, Bruyette & Woods cut Lloyds Banking Group from a “moderate buy” rating to a “hold” rating in a research report on Friday, July 17th. UBS Group upgraded Lloyds Banking Group from a “neutral” rating to a “buy” rating in a research note on Thursday, April 30th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Lloyds Banking Group in a report on Tuesday, June 30th. Seven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Lloyds Banking Group Stock Performance

NYSE LYG opened at $5.99 on Friday. Lloyds Banking Group PLC has a 1-year low of $4.05 and a 1-year high of $6.34. The company has a 50 day moving average of $5.65 and a 200-day moving average of $5.52. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.09. The firm has a market cap of $87.18 billion, a price-to-earnings ratio of 13.60, a PEG ratio of 0.63 and a beta of 0.87.

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

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.