Lloyds Banking Group plc (NYSE:LYG) Shares Bought by Brookstone Capital Management

Brookstone Capital Management grew its stake in Lloyds Banking Group plc (NYSE:LYG) by 12.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 38,516 shares of the financial services provider’s stock after buying an additional 4,167 shares during the quarter. Brookstone Capital Management’s holdings in Lloyds Banking Group were worth $100,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of LYG. Ballentine Partners LLC boosted its holdings in Lloyds Banking Group by 33.6% during the first quarter. Ballentine Partners LLC now owns 105,634 shares of the financial services provider’s stock worth $274,000 after buying an additional 26,556 shares in the last quarter. Cooper Financial Group purchased a new stake in shares of Lloyds Banking Group during the 1st quarter worth about $44,000. O Keefe Stevens Advisory Inc. grew its position in shares of Lloyds Banking Group by 67.4% during the 1st quarter. O Keefe Stevens Advisory Inc. now owns 56,491 shares of the financial services provider’s stock valued at $146,000 after acquiring an additional 22,750 shares during the period. &PARTNERS purchased a new position in shares of Lloyds Banking Group in the 1st quarter valued at about $62,000. Finally, Sterling Financial Group Inc. raised its holdings in Lloyds Banking Group by 57.2% in the 1st quarter. Sterling Financial Group Inc. now owns 20,203 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 7,352 shares during the period. Institutional investors and hedge funds own 2.15% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on LYG. Deutsche Bank Aktiengesellschaft assumed coverage on Lloyds Banking Group in a report on Thursday, May 9th. They issued a “buy” rating on the stock. Berenberg Bank initiated coverage on shares of Lloyds Banking Group in a report on Thursday, April 25th. They issued a “hold” rating and a $2.75 price target for the company. Finally, Bank of America raised shares of Lloyds Banking Group from a “neutral” rating to a “buy” rating in a report on Thursday, March 21st. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Lloyds Banking Group has a consensus rating of “Moderate Buy” and a consensus price target of $48.19.

Lloyds Banking Group Stock Performance

Shares of NYSE:LYG opened at $2.83 on Thursday. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.48 and a quick ratio of 1.48. Lloyds Banking Group plc has a 1 year low of $1.88 and a 1 year high of $2.87. The firm has a market capitalization of $44.49 billion, a PE ratio of 7.45, a P/E/G ratio of 1.16 and a beta of 1.35. The business’s 50 day moving average price is $2.73 and its 200-day moving average price is $2.49.

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