Optas LLC Has $125,000 Stock Position in Lloyds Banking Group plc (NYSE:LYG)

Optas LLC reduced its position in shares of Lloyds Banking Group plc (NYSE:LYG) by 19.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,448 shares of the financial services provider’s stock after selling 12,026 shares during the period. Optas LLC’s holdings in Lloyds Banking Group were worth $125,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. American Century Companies Inc. raised its position in Lloyds Banking Group by 6.1% during the third quarter. American Century Companies Inc. now owns 3,986,428 shares of the financial services provider’s stock valued at $8,491,000 after purchasing an additional 228,359 shares in the last quarter. Ieq Capital LLC increased its holdings in shares of Lloyds Banking Group by 94.4% during the fourth quarter. Ieq Capital LLC now owns 41,749 shares of the financial services provider’s stock worth $100,000 after buying an additional 20,270 shares in the last quarter. First Trust Direct Indexing L.P. increased its holdings in shares of Lloyds Banking Group by 4.1% during the fourth quarter. First Trust Direct Indexing L.P. now owns 309,779 shares of the financial services provider’s stock worth $740,000 after buying an additional 12,334 shares in the last quarter. Pinnacle Associates Ltd. increased its holdings in shares of Lloyds Banking Group by 8.0% during the fourth quarter. Pinnacle Associates Ltd. now owns 157,205 shares of the financial services provider’s stock worth $376,000 after buying an additional 11,600 shares in the last quarter. Finally, Apollon Wealth Management LLC increased its holdings in shares of Lloyds Banking Group by 168.3% during the fourth quarter. Apollon Wealth Management LLC now owns 124,174 shares of the financial services provider’s stock worth $297,000 after buying an additional 77,886 shares in the last quarter. 2.15% of the stock is currently owned by institutional investors and hedge funds.

Lloyds Banking Group Stock Performance

NYSE LYG opened at $2.73 on Monday. The company has a market capitalization of $42.92 billion, a price-to-earnings ratio of 7.18, a PEG ratio of 1.16 and a beta of 1.35. Lloyds Banking Group plc has a twelve month low of $1.88 and a twelve month high of $2.87. The stock has a fifty day simple moving average of $2.72 and a 200 day simple moving average of $2.48. 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 posted its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $0.09 earnings per share for the quarter. The business 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%. Sell-side analysts expect that Lloyds Banking Group plc will post 0.32 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on LYG. Deutsche Bank Aktiengesellschaft began coverage on shares of Lloyds Banking Group in a report on Thursday, May 9th. They set a “buy” rating for the company. Bank of America upgraded shares of Lloyds Banking Group from a “neutral” rating to a “buy” rating in a report on Thursday, March 21st. Finally, Berenberg Bank initiated coverage on shares of Lloyds Banking Group in a report on Thursday, April 25th. They set a “hold” rating and a $2.75 price target for the company. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $52.55.

Lloyds Banking Group 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.