Lloyds Banking Group PLC $LYG Shares Purchased by Keybank National Association OH

Keybank National Association OH boosted its stake in Lloyds Banking Group PLC (NYSE:LYG) by 198.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 184,137 shares of the financial services provider’s stock after buying an additional 122,477 shares during the period. Keybank National Association OH’s holdings in Lloyds Banking Group were worth $926,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of LYG. CIBC Bancorp USA Inc. purchased a new stake in shares of Lloyds Banking Group in the 3rd quarter valued at approximately $63,928,000. Janney Montgomery Scott LLC increased its holdings in Lloyds Banking Group by 2,413.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 3,113,464 shares of the financial services provider’s stock valued at $15,661,000 after purchasing an additional 2,989,604 shares during the last quarter. UBS Group AG raised its position in Lloyds Banking Group by 53.9% in the third quarter. UBS Group AG now owns 6,614,695 shares of the financial services provider’s stock valued at $30,031,000 after purchasing an additional 2,317,927 shares during the period. Jane Street Group LLC raised its position in Lloyds Banking Group by 178.3% in the second quarter. Jane Street Group LLC now owns 2,261,115 shares of the financial services provider’s stock valued at $9,610,000 after purchasing an additional 1,448,691 shares during the period. Finally, Millennium Management LLC lifted its stake in Lloyds Banking Group by 17.4% during the third quarter. Millennium Management LLC now owns 8,815,679 shares of the financial services provider’s stock worth $40,023,000 after purchasing an additional 1,309,359 shares in the last quarter. Hedge funds and other institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Stock Down 2.0%

Shares of NYSE:LYG opened at $6.04 on Wednesday. Lloyds Banking Group PLC has a fifty-two week low of $4.05 and a fifty-two week high of $6.34. The firm’s 50 day moving average price is $5.49 and its 200 day moving average price is $5.47. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 2.09. The stock has a market cap of $88.40 billion, a price-to-earnings ratio of 13.74, a price-to-earnings-growth ratio of 0.64 and a beta of 0.87.

Lloyds Banking Group (NYSE:LYG) last announced its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $0.13 EPS for the quarter. Lloyds Banking Group had a net margin of 25.11% and a return on equity of 10.63%. The company had revenue of $6.87 billion for the quarter. As a group, equities research analysts predict that Lloyds Banking Group PLC will post 0.53 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Wall Street Zen cut Lloyds Banking Group from a “buy” rating to a “hold” rating in a research note on Saturday. UBS Group raised Lloyds Banking Group from a “neutral” rating to a “buy” rating in a research note on Thursday, April 30th. Morgan Stanley reaffirmed an “overweight” rating on shares of Lloyds Banking Group in a research report on Tuesday, June 30th. Citigroup reiterated a “buy” rating on shares of Lloyds Banking Group in a research note on Thursday, April 30th. Finally, Weiss Ratings cut shares of Lloyds Banking Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Seven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

About Lloyds Banking Group

Lloyds Banking Group plc is a UK-based banking and financial services company that provides a broad range of retail, commercial and insurance products. Its principal consumer-facing brands include Lloyds Bank, Halifax and Bank of Scotland, through which it offers current accounts, savings, mortgages, credit cards and personal loans. The group also delivers services to small and medium-sized enterprises (SMEs) and larger corporate clients, supplying business accounts, lending, payments and cash-management solutions.

In addition to core banking, Lloyds operates a significant wealth and insurance arm under the Scottish Widows brand, offering life insurance, pensions, investment and retirement planning products.