Lloyds Banking Group PLC $LYG Shares Sold by Wealth Alliance LLC

Wealth Alliance LLC decreased its holdings in shares of Lloyds Banking Group PLC (NYSE:LYG) by 80.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,679 shares of the financial services provider’s stock after selling 100,267 shares during the period. Wealth Alliance LLC’s holdings in Lloyds Banking Group were worth $101,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in LYG. V Square Quantitative Management LLC bought a new stake in Lloyds Banking Group during the second quarter worth approximately $29,000. Opal Wealth Advisors LLC acquired a new stake in shares of Lloyds Banking Group during the 2nd quarter valued at $35,000. Earned Wealth Advisors LLC bought a new stake in shares of Lloyds Banking Group during the 1st quarter worth $38,000. Ameritas Advisory Services LLC acquired a new position in shares of Lloyds Banking Group in the 2nd quarter worth $38,000. Finally, SYM FINANCIAL Corp acquired a new stake in shares of Lloyds Banking Group during the first quarter worth $40,000. 2.15% of the stock is currently owned by institutional investors.

Lloyds Banking Group Stock Down 1.1%

Lloyds Banking Group stock opened at $4.83 on Friday. Lloyds Banking Group PLC has a twelve month low of $2.56 and a twelve month high of $5.05. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.53 and a current ratio of 0.55. The firm has a market cap of $71.51 billion, a PE ratio of 13.79, a P/E/G ratio of 0.65 and a beta of 1.05. The firm’s 50 day moving average price is $4.59 and its two-hundred day moving average price is $4.35.

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 analysts’ consensus estimates of $0.12 by ($0.07). Lloyds Banking Group had a net margin of 18.04% and a return on equity of 8.38%. The company had revenue of $6.56 billion for the quarter, compared to analyst estimates of $5.02 billion. On average, research analysts predict that Lloyds Banking Group PLC will post 0.27 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts 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 Monday, October 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Lloyds Banking Group in a research report on Friday, October 31st. Royal Bank Of Canada restated an “outperform” rating on shares of Lloyds Banking Group in a research report on Tuesday, October 28th. Kepler Capital Markets upgraded shares of Lloyds Banking Group from a “hold” rating to a “buy” rating in a research report on Thursday, October 9th. Finally, JPMorgan Chase & Co. raised shares of Lloyds Banking Group from an “underweight” rating to a “neutral” rating in a research note on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Lloyds Banking Group Company 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.