Lloyds Banking Group plc (NYSE:LYG) Shares Purchased by Cwm LLC

Cwm LLC lifted its stake in Lloyds Banking Group plc (NYSE:LYG) by 133.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 51,514 shares of the financial services provider’s stock after purchasing an additional 29,444 shares during the quarter. Cwm LLC’s holdings in Lloyds Banking Group were worth $133,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in LYG. CIBC Private Wealth Group LLC increased its holdings in shares of Lloyds Banking Group by 149.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 29,696,591 shares of the financial services provider’s stock valued at $70,975,000 after purchasing an additional 17,814,615 shares during the last quarter. Morningstar Investment Services LLC increased its stake in Lloyds Banking Group by 96.9% during the fourth quarter. Morningstar Investment Services LLC now owns 21,147,627 shares of the financial services provider’s stock worth $50,966,000 after acquiring an additional 10,406,673 shares during the last quarter. Natixis Advisors L.P. increased its stake in Lloyds Banking Group by 34.8% during the fourth quarter. Natixis Advisors L.P. now owns 7,122,268 shares of the financial services provider’s stock worth $17,021,000 after acquiring an additional 1,840,413 shares during the last quarter. Meritage Portfolio Management acquired a new stake in Lloyds Banking Group during the fourth quarter worth $3,470,000. Finally, Goldman Sachs Group Inc. increased its stake in Lloyds Banking Group by 5.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 22,166,362 shares of the financial services provider’s stock worth $52,978,000 after acquiring an additional 1,180,775 shares during the last quarter. Institutional investors and hedge funds own 2.15% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on LYG. Bank of America raised Lloyds Banking Group from a “neutral” rating to a “buy” rating in a research note on Thursday, March 21st. Deutsche Bank Aktiengesellschaft began coverage on Lloyds Banking Group in a research note on Thursday, May 9th. They set a “buy” rating for the company. Finally, Berenberg Bank initiated coverage on Lloyds Banking Group in a research note on Thursday, April 25th. They set a “hold” rating and a $2.75 target price for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Lloyds Banking Group currently has a consensus rating of “Hold” and an average price target of $52.55.

Lloyds Banking Group Trading Down 1.4 %

LYG opened at $2.77 on Monday. Lloyds Banking Group plc has a 52 week low of $1.88 and a 52 week high of $2.87. The business has a fifty day simple moving average of $2.69 and a 200-day simple moving average of $2.47. The firm has a market cap of $43.55 billion, a P/E ratio of 7.29, a P/E/G ratio of 1.18 and a beta of 1.33. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 1.82.

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

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.