Goldman Sachs Group Inc. Lowers Stock Holdings in Lloyds Banking Group PLC $LYG

Goldman Sachs Group Inc. trimmed its stake in Lloyds Banking Group PLC (NYSE:LYG) by 3.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,643,537 shares of the financial services provider’s stock after selling 790,000 shares during the period. Goldman Sachs Group Inc. owned about 0.17% of Lloyds Banking Group worth $130,611,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Tucker Asset Management LLC purchased a new stake in Lloyds Banking Group in the 4th quarter valued at about $27,000. Harbour Investments Inc. boosted its position in Lloyds Banking Group by 47.3% in the 4th quarter. Harbour Investments Inc. now owns 6,386 shares of the financial services provider’s stock valued at $34,000 after buying an additional 2,051 shares during the period. Eagle Bay Advisors LLC purchased a new stake in Lloyds Banking Group in the 4th quarter valued at about $35,000. Concord Wealth Partners boosted its position in Lloyds Banking Group by 124.9% in the 3rd quarter. Concord Wealth Partners now owns 7,203 shares of the financial services provider’s stock valued at $33,000 after buying an additional 4,000 shares during the period. Finally, Bessemer Group Inc. boosted its position in Lloyds Banking Group by 125.5% in the 3rd quarter. Bessemer Group Inc. now owns 9,654 shares of the financial services provider’s stock valued at $44,000 after buying an additional 5,372 shares during the period. 2.15% of the stock is owned by hedge funds and other institutional investors.

Lloyds Banking Group Trading Up 0.1%

Shares of Lloyds Banking Group stock opened at $5.32 on Tuesday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.09. Lloyds Banking Group PLC has a 12-month low of $3.98 and a 12-month high of $6.34. The firm has a market capitalization of $77.73 billion, a price-to-earnings ratio of 12.08, a PEG ratio of 0.54 and a beta of 0.87. The firm’s 50 day simple moving average is $5.35 and its two-hundred day simple moving average is $5.36.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on LYG shares. Wall Street Zen upgraded shares of Lloyds Banking Group from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Weiss Ratings lowered shares of Lloyds Banking Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Citigroup restated a “buy” rating on shares of Lloyds Banking Group in a report on Thursday, April 30th. Finally, UBS Group upgraded shares of Lloyds Banking Group from a “neutral” rating to a “buy” rating in a report on Thursday, April 30th. Seven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Lloyds Banking Group Profile

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.