MQS Management LLC Lowers Stake in Lloyds Banking Group PLC $LYG

MQS Management LLC reduced its holdings in shares of Lloyds Banking Group PLC (NYSE:LYG) by 52.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 15,859 shares of the financial services provider’s stock after selling 17,234 shares during the period. MQS Management LLC’s holdings in Lloyds Banking Group were worth $67,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new position in Lloyds Banking Group during the 2nd quarter worth $29,000. Opal Wealth Advisors LLC purchased a new position in Lloyds Banking Group during the 2nd quarter worth $35,000. Ameritas Advisory Services LLC purchased a new position in Lloyds Banking Group during the 2nd quarter worth $38,000. Halbert Hargrove Global Advisors LLC grew its position in Lloyds Banking Group by 10,836.3% during the 2nd quarter. Halbert Hargrove Global Advisors LLC now owns 9,952 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 9,861 shares during the last quarter. Finally, Earned Wealth Advisors LLC purchased a new position in Lloyds Banking Group during the 1st quarter worth $38,000. 2.15% of the stock is owned by hedge funds and other institutional investors.

Lloyds Banking Group Stock Down 0.3%

Shares of NYSE LYG opened at $4.69 on Wednesday. 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 PLC has a 52 week low of $2.56 and a 52 week high of $4.71. The firm has a 50-day moving average price of $4.50 and a 200 day moving average price of $4.26. The stock has a market capitalization of $69.44 billion, a price-to-earnings ratio of 13.39, a price-to-earnings-growth ratio of 0.65 and a beta of 1.02.

Lloyds Banking Group (NYSE:LYG) last announced its quarterly earnings data 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). Lloyds Banking Group had a net margin of 18.04% and a return on equity of 8.38%. The company had revenue of $6.56 billion during the quarter, compared to analyst estimates of $5.02 billion. Equities research analysts anticipate that Lloyds Banking Group PLC will post 0.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on LYG. JPMorgan Chase & Co. upgraded shares of Lloyds Banking Group from an “underweight” rating to a “neutral” rating in a research note on Friday, August 1st. Zacks Research cut shares of Lloyds Banking Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 23rd. Morgan Stanley restated an “overweight” rating on shares of Lloyds Banking Group in a research note on Monday, August 4th. Kepler Capital Markets upgraded shares of Lloyds Banking Group from a “hold” rating to a “buy” rating in a research note on Thursday, October 9th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Lloyds Banking Group in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Lloyds Banking Group 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.