SG Americas Securities LLC Purchases New Shares in Lloyds Banking Group PLC $LYG

SG Americas Securities LLC acquired a new position in shares of Lloyds Banking Group PLC (NYSE:LYG) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 126,780 shares of the financial services provider’s stock, valued at approximately $539,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Townsquare Capital LLC lifted its stake in Lloyds Banking Group by 4.2% in the first quarter. Townsquare Capital LLC now owns 1,596,132 shares of the financial services provider’s stock worth $6,097,000 after purchasing an additional 64,952 shares during the last quarter. ICONIQ Capital LLC raised its holdings in shares of Lloyds Banking Group by 194.1% in the first quarter. ICONIQ Capital LLC now owns 87,502 shares of the financial services provider’s stock worth $334,000 after buying an additional 57,750 shares during the period. Beck Bode LLC bought a new stake in shares of Lloyds Banking Group during the 2nd quarter worth approximately $5,254,000. ABC Arbitrage SA purchased a new position in Lloyds Banking Group during the 2nd quarter valued at $1,689,000. Finally, American Century Companies Inc. grew its position in 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 acquiring an additional 399,866 shares during the last quarter. Hedge funds and other institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Trading Up 3.2%

Shares of NYSE:LYG opened at $4.98 on Thursday. The company has a market capitalization of $73.57 billion, a PE ratio of 14.21, a P/E/G ratio of 0.65 and a beta of 1.05. The company has a current ratio of 0.55, a quick ratio of 0.53 and a debt-to-equity ratio of 1.94. Lloyds Banking Group PLC has a 12-month low of $2.56 and a 12-month high of $5.05. The business’s fifty day simple moving average is $4.62 and its 200-day simple moving average is $4.40.

Lloyds Banking Group (NYSE:LYG) last posted 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). The company had revenue of $6.56 billion during the quarter, compared to analysts’ expectations of $5.02 billion. Lloyds Banking Group had a net margin of 18.04% and a return on equity of 8.38%. As a group, equities research analysts predict that Lloyds Banking Group PLC will post 0.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Zacks Research cut shares of Lloyds Banking Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 23rd. Royal Bank Of Canada reissued an “outperform” rating on shares of Lloyds Banking Group in a research note on Tuesday, October 28th. Citigroup reaffirmed a “neutral” rating on shares of Lloyds Banking Group in a research report on Monday, September 22nd. Wall Street Zen cut Lloyds Banking Group from a “buy” rating to a “hold” rating in a report on Monday, October 20th. Finally, Kepler Capital Markets upgraded Lloyds Banking Group from a “hold” rating to a “buy” rating in a research note on Thursday, October 9th. One investment 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. Based on data from MarketBeat, Lloyds Banking Group has an average 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.