Aprio Wealth Management LLC Has $123,000 Stock Position in Lloyds Banking Group plc (NYSE:LYG)

Aprio Wealth Management LLC increased its stake in shares of Lloyds Banking Group plc (NYSE:LYG) by 71.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,613 shares of the financial services provider’s stock after buying an additional 19,857 shares during the period. Aprio Wealth Management LLC’s holdings in Lloyds Banking Group were worth $123,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Bruce G. Allen Investments LLC lifted its position in Lloyds Banking Group by 6.9% during the 1st quarter. Bruce G. Allen Investments LLC now owns 61,412 shares of the financial services provider’s stock worth $159,000 after buying an additional 3,986 shares in the last quarter. GAMMA Investing LLC lifted its position in Lloyds Banking Group by 21.7% during the 1st quarter. GAMMA Investing LLC now owns 24,976 shares of the financial services provider’s stock worth $65,000 after buying an additional 4,455 shares in the last quarter. Kestra Private Wealth Services LLC lifted its position in Lloyds Banking Group by 29.7% during the 4th quarter. Kestra Private Wealth Services LLC now owns 21,006 shares of the financial services provider’s stock worth $50,000 after buying an additional 4,813 shares in the last quarter. Lake Street Advisors Group LLC lifted its position in Lloyds Banking Group by 10.0% during the 3rd quarter. Lake Street Advisors Group LLC now owns 54,118 shares of the financial services provider’s stock worth $115,000 after buying an additional 4,915 shares in the last quarter. Finally, Stratos Wealth Partners LTD. raised its holdings in Lloyds Banking Group by 22.1% during the 4th quarter. Stratos Wealth Partners LTD. now owns 28,485 shares of the financial services provider’s stock worth $68,000 after purchasing an additional 5,152 shares during the last quarter. Institutional investors and hedge funds own 2.15% of the company’s stock.

Lloyds Banking Group Trading Down 1.4 %

NYSE:LYG opened at $2.77 on Friday. Lloyds Banking Group plc has a twelve month low of $1.88 and a twelve month high of $2.87. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 1.82. The business has a 50 day moving average price of $2.69 and a two-hundred day moving average price of $2.46. The company has a market cap of $43.55 billion, a P/E ratio of 7.29, a price-to-earnings-growth ratio of 1.18 and a beta of 1.33.

Lloyds Banking Group (NYSE:LYG) last posted its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.09 earnings per share for the quarter. Lloyds Banking Group had a return on equity of 10.35% and a net margin of 13.41%. The business had revenue of $14.35 billion for the quarter. As a group, analysts expect that Lloyds Banking Group plc will post 0.32 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on LYG. Bank of America raised Lloyds Banking Group from a “neutral” rating to a “buy” rating in a report on Thursday, March 21st. Deutsche Bank Aktiengesellschaft began coverage on Lloyds Banking Group in a report on Thursday, May 9th. They set a “buy” rating for the company. Finally, Berenberg Bank began coverage on Lloyds Banking Group in a report on Thursday, April 25th. They set a “hold” rating and a $2.75 price objective for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $52.55.

Lloyds Banking Group Company Profile

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.