Foster Victor Wealth Advisors LLC Reduces Stock Holdings in Lloyds Banking Group plc (NYSE:LYG)

Foster Victor Wealth Advisors LLC lessened its stake in shares of Lloyds Banking Group plc (NYSE:LYG) by 10.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,592 shares of the financial services provider’s stock after selling 5,667 shares during the quarter. Foster Victor Wealth Advisors LLC’s holdings in Lloyds Banking Group were worth $174,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of LYG. Millennium Management LLC boosted its position in shares of Lloyds Banking Group by 225.0% in the 4th quarter. Millennium Management LLC now owns 7,098,940 shares of the financial services provider’s stock valued at $19,309,000 after purchasing an additional 4,914,680 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Lloyds Banking Group in the fourth quarter valued at approximately $11,226,000. Northern Trust Corp grew its position in shares of Lloyds Banking Group by 34.7% during the fourth quarter. Northern Trust Corp now owns 15,604,325 shares of the financial services provider’s stock worth $42,444,000 after acquiring an additional 4,021,039 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Lloyds Banking Group by 11.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 26,669,053 shares of the financial services provider’s stock valued at $72,540,000 after acquiring an additional 2,713,559 shares during the period. Finally, Norges Bank acquired a new position in shares of Lloyds Banking Group in the 4th quarter valued at $5,440,000. Institutional investors and hedge funds own 2.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on LYG shares. Wall Street Zen raised shares of Lloyds Banking Group from a “sell” rating to a “hold” rating in a research report on Tuesday, May 13th. Morgan Stanley upgraded Lloyds Banking Group from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, March 4th. Keefe, Bruyette & Woods downgraded Lloyds Banking Group from an “outperform” rating to a “market perform” rating in a report on Tuesday, March 11th. HSBC raised shares of Lloyds Banking Group from a “hold” rating to a “buy” rating in a research note on Tuesday, April 1st. Finally, Hsbc Global Res upgraded shares of Lloyds Banking Group to a “strong-buy” rating in a research note on Thursday, March 20th. Seven research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Lloyds Banking Group has a consensus rating of “Hold”.

Lloyds Banking Group Stock Performance

Shares of NYSE LYG opened at $4.18 on Monday. Lloyds Banking Group plc has a one year low of $2.56 and a one year high of $4.30. The firm has a market capitalization of $62.77 billion, a P/E ratio of 12.65 and a beta of 1.01. The company’s fifty day moving average is $3.96 and its two-hundred day moving average is $3.44.

Lloyds Banking Group (NYSE:LYG) last released its quarterly earnings data on Thursday, May 1st. The financial services provider reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. Lloyds Banking Group had a net margin of 11.45% and a return on equity of 8.46%. The firm had revenue of $5.91 billion for the quarter, compared to the consensus estimate of $4.78 billion. On average, sell-side analysts forecast that Lloyds Banking Group plc will post 0.27 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.