Lloyds Banking Group PLC $LYG Shares Sold by Koss Olinger Consulting LLC

Koss Olinger Consulting LLC trimmed its holdings in shares of Lloyds Banking Group PLC (NYSE:LYG) by 1.1% in the second quarter, Holdings Channel reports. The firm owned 304,047 shares of the financial services provider’s stock after selling 3,301 shares during the period. Koss Olinger Consulting LLC’s holdings in Lloyds Banking Group were worth $1,292,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LYG. Townsquare Capital LLC grew its position in Lloyds Banking Group by 4.2% in the 1st quarter. Townsquare Capital LLC now owns 1,596,132 shares of the financial services provider’s stock valued at $6,097,000 after acquiring an additional 64,952 shares in the last quarter. ICONIQ Capital LLC boosted its stake in shares of Lloyds Banking Group by 194.1% in the 1st quarter. ICONIQ Capital LLC now owns 87,502 shares of the financial services provider’s stock valued at $334,000 after buying an additional 57,750 shares during the period. American Century Companies Inc. boosted its stake in shares of Lloyds Banking Group by 6.0% in the 1st quarter. American Century Companies Inc. now owns 7,011,774 shares of the financial services provider’s stock valued at $26,785,000 after buying an additional 399,866 shares during the period. Perigon Wealth Management LLC boosted its stake in shares of Lloyds Banking Group by 4.5% in the 1st quarter. Perigon Wealth Management LLC now owns 61,411 shares of the financial services provider’s stock valued at $235,000 after buying an additional 2,617 shares during the period. Finally, GAMMA Investing LLC lifted its stake in Lloyds Banking Group by 24.2% during the first quarter. GAMMA Investing LLC now owns 57,543 shares of the financial services provider’s stock worth $220,000 after purchasing an additional 11,225 shares during the last quarter. 2.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on LYG shares. Wall Street Zen cut Lloyds Banking Group from a “buy” rating to a “hold” rating in a research note on Monday, October 20th. Royal Bank Of Canada upgraded Lloyds Banking Group from a “sector perform” rating to an “outperform” rating in a research note on Monday, August 4th. Kepler Capital Markets upgraded Lloyds Banking Group from a “hold” rating to a “buy” rating in a research note on Thursday, October 9th. The Goldman Sachs Group upgraded Lloyds Banking Group from a “neutral” rating to a “buy” rating in a research note on Tuesday, August 5th. Finally, Citigroup restated a “neutral” rating on shares of Lloyds Banking Group in a research note on Monday, September 22nd. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy”.

Lloyds Banking Group Trading Up 0.6%

LYG opened at $4.57 on Monday. The firm has a market cap of $67.66 billion, a price-to-earnings ratio of 13.04, a price-to-earnings-growth ratio of 0.64 and a beta of 1.02. Lloyds Banking Group PLC has a 52 week low of $2.56 and a 52 week high of $4.69. The business’s 50 day moving average is $4.49 and its two-hundred day moving average is $4.24. The company has a quick ratio of 0.53, a current ratio of 0.55 and a debt-to-equity ratio of 1.94.

Lloyds Banking Group (NYSE:LYG) last released its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $0.05 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.07). The firm had revenue of $6.56 billion for the quarter, compared to analyst estimates of $5.02 billion. Lloyds Banking Group had a return on equity of 8.38% and a net margin of 18.04%. On average, research analysts predict that Lloyds Banking Group PLC will post 0.27 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.