Lloyds Banking Group plc (NYSE:LYG) Shares Bought by Wealth Alliance

Wealth Alliance raised its holdings in Lloyds Banking Group plc (NYSE:LYG) by 5.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 114,591 shares of the financial services provider’s stock after buying an additional 5,472 shares during the quarter. Wealth Alliance’s holdings in Lloyds Banking Group were worth $312,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brentview Investment Management LLC acquired a new stake in Lloyds Banking Group in the fourth quarter valued at $31,000. Aletheian Wealth Advisors LLC acquired a new stake in Lloyds Banking Group in the third quarter valued at $34,000. Simon Quick Advisors LLC acquired a new stake in Lloyds Banking Group in the fourth quarter valued at $35,000. Cerro Pacific Wealth Advisors LLC acquired a new stake in Lloyds Banking Group in the fourth quarter valued at $37,000. Finally, CIBC Asset Management Inc acquired a new position in shares of Lloyds Banking Group during the 4th quarter worth $38,000. Institutional investors and hedge funds own 2.15% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley downgraded Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, October 30th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $2.75.

Lloyds Banking Group Stock Up 1.1 %

NYSE:LYG opened at $3.37 on Friday. The company has a market capitalization of $51.11 billion, a PE ratio of 8.63 and a beta of 1.31. Lloyds Banking Group plc has a 52-week low of $2.25 and a 52-week high of $3.40. The stock has a fifty day simple moving average of $2.91 and a 200-day simple moving average of $2.93.

Lloyds Banking Group (NYSE:LYG) last posted its quarterly earnings data on Thursday, February 20th. The financial services provider reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). The company had revenue of $9.46 billion for the quarter, compared to analysts’ expectations of $4.76 billion. Lloyds Banking Group had a return on equity of 9.81% and a net margin of 10.89%. As a group, equities analysts anticipate that Lloyds Banking Group plc will post 0.33 earnings per share for the current year.

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.