Prosperity Consulting Group LLC Sells 43,995 Shares of Lloyds Banking Group PLC $LYG

Prosperity Consulting Group LLC trimmed its stake in Lloyds Banking Group PLC (NYSE:LYG) by 64.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,336 shares of the financial services provider’s stock after selling 43,995 shares during the period. Prosperity Consulting Group LLC’s holdings in Lloyds Banking Group were worth $103,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of LYG. Riversedge Advisors LLC lifted its holdings 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 buying an additional 2,433 shares during the period. Drive Wealth Management LLC raised its position in shares of Lloyds Banking Group by 6.8% in 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 in the last quarter. Brighton Jones LLC raised its position in shares of Lloyds Banking Group by 16.2% in 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 in the last quarter. Mutual Advisors LLC lifted its stake in shares of Lloyds Banking Group by 27.2% in the 1st quarter. Mutual Advisors LLC now owns 12,916 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 2,758 shares during the period. Finally, SBI Securities Co. Ltd. boosted its position in shares of Lloyds Banking Group by 22.1% during the first quarter. SBI Securities Co. Ltd. now owns 15,369 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 2,784 shares in the last quarter. Hedge funds and other institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Stock Performance

Shares of LYG stock opened at $4.82 on Friday. The company has a market capitalization of $71.44 billion, a price-to-earnings ratio of 13.77, a price-to-earnings-growth ratio of 0.65 and a beta of 1.05. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.53 and a current ratio of 0.55. Lloyds Banking Group PLC has a one year low of $2.56 and a one year high of $4.85. The company’s 50-day moving average is $4.52 and its 200 day moving average is $4.30.

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

Analyst Ratings Changes

LYG has been the subject of a number of research reports. The Goldman Sachs Group upgraded Lloyds Banking Group from a “neutral” rating to a “buy” rating in a report on Tuesday, August 5th. Keefe, Bruyette & Woods raised shares of Lloyds Banking Group from a “hold” rating to a “moderate buy” rating in a research report on Thursday, July 17th. JPMorgan Chase & Co. raised shares of Lloyds Banking Group from an “underweight” rating to a “neutral” rating in a research report on Friday, August 1st. Morgan Stanley reissued an “overweight” rating on shares of Lloyds Banking Group in a research note on Monday, August 4th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Lloyds Banking Group in a research note on Monday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company currently 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.