May Hill Capital LLC Decreases Position in Lloyds Banking Group PLC $LYG

May Hill Capital LLC cut its position in Lloyds Banking Group PLC (NYSE:LYG) by 4.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 80,729 shares of the financial services provider’s stock after selling 3,996 shares during the period. May Hill Capital LLC’s holdings in Lloyds Banking Group were worth $343,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. V Square Quantitative Management LLC purchased a new position in Lloyds Banking Group in the second quarter worth about $29,000. Opal Wealth Advisors LLC purchased a new position in shares of Lloyds Banking Group during the second quarter valued at approximately $35,000. Earned Wealth Advisors LLC purchased a new position in shares of Lloyds Banking Group during the first quarter valued at approximately $38,000. Ameritas Advisory Services LLC purchased a new position in shares of Lloyds Banking Group during the second quarter valued at approximately $38,000. Finally, SYM FINANCIAL Corp purchased a new position in shares of Lloyds Banking Group during the first quarter valued at approximately $40,000. 2.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on LYG. Morgan Stanley reissued an “overweight” rating on shares of Lloyds Banking Group in a report on Monday, August 4th. Royal Bank Of Canada raised shares of Lloyds Banking Group from a “sector perform” rating to an “outperform” rating in a report on Monday, August 4th. Citigroup reissued a “neutral” rating on shares of Lloyds Banking Group in a report on Monday, September 22nd. Weiss Ratings cut shares of Lloyds Banking Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 8th. Finally, Kepler Capital Markets upgraded shares of Lloyds Banking Group from a “hold” rating to a “buy” rating in a research report on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Lloyds Banking Group presently has a consensus rating of “Moderate Buy”.

Lloyds Banking Group Stock Performance

LYG opened at $4.70 on Tuesday. The firm has a market cap of $69.58 billion, a P/E ratio of 13.41, a PEG ratio of 0.64 and a beta of 1.02. Lloyds Banking Group PLC has a 1-year low of $2.56 and a 1-year high of $4.71. The company has a 50 day simple moving average of $4.49 and a two-hundred day simple moving average of $4.25. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.55 and a quick ratio of 0.53.

Lloyds Banking Group (NYSE:LYG) last posted its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.07). The firm had revenue of $6.56 billion during the quarter, compared to the consensus estimate of $5.02 billion. Lloyds Banking Group had a return on equity of 8.38% and a net margin of 18.04%. Equities analysts forecast that Lloyds Banking Group PLC will post 0.27 earnings per share for the current fiscal 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.