SYM FINANCIAL Corp Purchases 3,139 Shares of Lloyds Banking Group PLC $LYG

SYM FINANCIAL Corp lifted its position in Lloyds Banking Group PLC (NYSE:LYG) by 30.1% in the 2nd quarter, Holdings Channel.com reports. The fund owned 13,555 shares of the financial services provider’s stock after acquiring an additional 3,139 shares during the period. SYM FINANCIAL Corp’s holdings in Lloyds Banking Group were worth $58,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Riversedge Advisors LLC lifted its stake in Lloyds Banking Group by 10.5% in the second quarter. Riversedge Advisors LLC now owns 25,680 shares of the financial services provider’s stock worth $109,000 after purchasing an additional 2,433 shares during the last quarter. Jackson Thornton Wealth Management LLC lifted its stake in shares of Lloyds Banking Group by 20.4% during the 1st quarter. Jackson Thornton Wealth Management LLC now owns 15,168 shares of the financial services provider’s stock worth $57,000 after acquiring an additional 2,573 shares during the last quarter. Drive Wealth Management LLC lifted its stake in shares of Lloyds Banking Group by 6.8% during the 2nd quarter. Drive Wealth Management LLC now owns 41,065 shares of the financial services provider’s stock worth $175,000 after acquiring an additional 2,599 shares during the last quarter. Brighton Jones LLC lifted its stake in shares of Lloyds Banking Group by 16.2% during the 2nd quarter. Brighton Jones LLC now owns 18,778 shares of the financial services provider’s stock worth $80,000 after acquiring an additional 2,613 shares during the last quarter. Finally, Perigon Wealth Management LLC lifted its position in shares of Lloyds Banking Group by 4.5% during the first quarter. Perigon Wealth Management LLC now owns 61,411 shares of the financial services provider’s stock worth $235,000 after purchasing an additional 2,617 shares during the last quarter. Institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Stock Performance

Shares of NYSE:LYG opened at $4.69 on Wednesday. The company 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 PLC has a 52 week low of $2.56 and a 52 week high of $4.71. The company has a quick ratio of 0.53, a current ratio of 0.55 and a debt-to-equity ratio of 1.94. The firm has a 50 day moving average of $4.50 and a 200 day moving average of $4.26.

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 company 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%. On average, sell-side analysts predict that Lloyds Banking Group PLC will post 0.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on LYG shares. Zacks Research downgraded Lloyds Banking Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 23rd. Royal Bank Of Canada reiterated an “outperform” rating on shares of Lloyds Banking Group in a report on Tuesday. Weiss Ratings downgraded shares of Lloyds Banking Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. Citigroup reaffirmed a “neutral” rating on shares of Lloyds Banking Group in a research note on Monday, September 22nd. Finally, Wall Street Zen lowered Lloyds Banking Group from a “buy” rating to a “hold” rating in a research report on Monday, October 20th. One research 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 company’s stock. According to MarketBeat, Lloyds Banking Group has an average rating of “Moderate Buy”.

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.