Lloyds Banking Group plc (NYSE:LYG) Shares Bought by Global Retirement Partners LLC

Global Retirement Partners LLC raised its holdings in Lloyds Banking Group plc (NYSE:LYG) by 4.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 421,123 shares of the financial services provider’s stock after acquiring an additional 17,166 shares during the period. Global Retirement Partners LLC’s holdings in Lloyds Banking Group were worth $1,145,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of LYG. FMR LLC raised its holdings in Lloyds Banking Group by 14.7% in the 3rd quarter. FMR LLC now owns 19,280,034 shares of the financial services provider’s stock valued at $60,154,000 after acquiring an additional 2,472,263 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Lloyds Banking Group by 58.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,659,629 shares of the financial services provider’s stock valued at $20,778,000 after acquiring an additional 2,456,914 shares during the last quarter. Raymond James & Associates grew its stake in shares of Lloyds Banking Group by 37.4% during the 3rd quarter. Raymond James & Associates now owns 3,416,484 shares of the financial services provider’s stock valued at $10,659,000 after buying an additional 929,478 shares during the period. Citigroup Inc. grew its stake in shares of Lloyds Banking Group by 58.3% during the 3rd quarter. Citigroup Inc. now owns 1,703,943 shares of the financial services provider’s stock valued at $5,316,000 after buying an additional 627,592 shares during the period. Finally, Maverick Capital Ltd. purchased a new stake in shares of Lloyds Banking Group during the 3rd quarter valued at $1,405,000. 2.15% of the stock is currently owned by institutional investors and hedge funds.

Lloyds Banking Group Trading Up 1.1 %

Shares of Lloyds Banking Group stock opened at $3.37 on Friday. The company has a fifty day moving average price of $2.91 and a 200 day moving average price of $2.93. Lloyds Banking Group plc has a twelve month low of $2.25 and a twelve month high of $3.40. The stock has a market cap of $51.11 billion, a price-to-earnings ratio of 8.63 and a beta of 1.31.

Lloyds Banking Group (NYSE:LYG) last announced its quarterly earnings results on Thursday, February 20th. The financial services provider reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). Lloyds Banking Group had a return on equity of 9.81% and a net margin of 10.89%. The business had revenue of $9.46 billion for the quarter, compared to analysts’ expectations of $4.76 billion. Analysts forecast that Lloyds Banking Group plc will post 0.33 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley cut shares of Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, October 30th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $2.75.

About Lloyds Banking Group

Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom and internationally. It operates in three segments: Retail; Commercial Banking; and Insurance, Pensions and Investments. The Retail segment offers a range of financial service products, including current accounts, savings, mortgages, motor finance, unsecured loans, leasing solutions, and credit cards to personal customers.