Creative Planning Buys 129,940 Shares of Lloyds Banking Group plc (NYSE:LYG)

Creative Planning lifted its stake in Lloyds Banking Group plc (NYSE:LYG) by 15.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 952,249 shares of the financial services provider’s stock after buying an additional 129,940 shares during the quarter. Creative Planning’s holdings in Lloyds Banking Group were worth $2,971,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in LYG. Mondrian Investment Partners LTD boosted its holdings in Lloyds Banking Group by 39.2% in the 1st quarter. Mondrian Investment Partners LTD now owns 89,948,537 shares of the financial services provider’s stock worth $232,967,000 after buying an additional 25,351,270 shares during the period. Clearbridge Investments LLC purchased a new position in shares of Lloyds Banking Group in the second quarter valued at about $36,252,000. Envestnet Asset Management Inc. boosted its stake in shares of Lloyds Banking Group by 49.6% in the second quarter. Envestnet Asset Management Inc. now owns 8,577,101 shares of the financial services provider’s stock worth $23,415,000 after acquiring an additional 2,841,956 shares during the period. American Century Companies Inc. grew its position in shares of Lloyds Banking Group by 17.2% during the second quarter. American Century Companies Inc. now owns 5,472,171 shares of the financial services provider’s stock worth $14,939,000 after purchasing an additional 804,035 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its stake in Lloyds Banking Group by 25.3% during the 2nd quarter. First Eagle Investment Management LLC now owns 5,087,379 shares of the financial services provider’s stock valued at $13,889,000 after purchasing an additional 1,026,639 shares during the period. 2.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on LYG shares. UBS Group reaffirmed a “neutral” rating on shares of Lloyds Banking Group in a report on Tuesday, July 30th. BNP Paribas upgraded shares of Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a report on Friday, July 5th. Kepler Capital Markets began coverage on shares of Lloyds Banking Group in a report on Thursday, September 5th. They set a “hold” rating for the company. Royal Bank of Canada cut Lloyds Banking Group from an “outperform” rating to a “sector perform” rating in a report on Friday, July 26th. Finally, Citigroup lowered Lloyds Banking Group from a “buy” rating to a “neutral” rating in a research note on Monday, August 5th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Lloyds Banking Group currently has a consensus rating of “Hold” and an average target price of $2.75.

Lloyds Banking Group Price Performance

LYG opened at $2.95 on Friday. The business has a fifty day moving average of $3.08 and a 200 day moving average of $2.89. The stock has a market cap of $45.34 billion, a P/E ratio of 7.56 and a beta of 1.34. The company has a quick ratio of 1.48, a current ratio of 1.45 and a debt-to-equity ratio of 1.89. Lloyds Banking Group plc has a 52-week low of $1.88 and a 52-week high of $3.24.

Lloyds Banking Group (NYSE:LYG) last issued its earnings results on Thursday, July 25th. The financial services provider reported $0.09 earnings per share (EPS) for the quarter. The firm had revenue of $9.55 billion during the quarter. Lloyds Banking Group had a net margin of 12.40% and a return on equity of 10.34%. As a group, sell-side analysts anticipate that Lloyds Banking Group plc will post 0.3 EPS for the current year.

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.