Lloyds Banking Group PLC $LYG Stock Holdings Raised by Vise Technologies Inc.

Vise Technologies Inc. grew its holdings in Lloyds Banking Group PLC (NYSE:LYG) by 66.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 252,259 shares of the financial services provider’s stock after purchasing an additional 100,261 shares during the period. Vise Technologies Inc.’s holdings in Lloyds Banking Group were worth $1,420,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in LYG. WCM Investment Management LLC bought a new position in Lloyds Banking Group in the 1st quarter valued at $128,228,000. Envestnet Asset Management Inc. grew its holdings in shares of Lloyds Banking Group by 2.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 12,564,633 shares of the financial services provider’s stock valued at $73,250,000 after purchasing an additional 351,626 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Lloyds Banking Group by 2.9% in the 2nd quarter. Bank of America Corp DE now owns 8,005,022 shares of the financial services provider’s stock valued at $46,669,000 after acquiring an additional 222,310 shares during the last quarter. Assetmark Inc. boosted its stake in shares of Lloyds Banking Group by 12.7% during the first quarter. Assetmark Inc. now owns 3,849,993 shares of the financial services provider’s stock valued at $19,365,000 after purchasing an additional 433,849 shares during the period. Finally, Renaissance Technologies LLC increased its position in shares of Lloyds Banking Group by 386.4% in the first quarter. Renaissance Technologies LLC now owns 2,528,180 shares of the financial services provider’s stock valued at $12,717,000 after acquiring an additional 2,008,380 shares during the period. Hedge funds and other institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Stock Down 1.8%

LYG stock traded down $0.10 on Friday, reaching $5.08. 30,734,441 shares of the company traded hands, compared to its average volume of 20,299,452. The firm has a fifty day simple moving average of $5.59 and a 200-day simple moving average of $5.62. The company has a debt-to-equity ratio of 2.19, a current ratio of 0.57 and a quick ratio of 0.56. The company has a market cap of $73.22 billion, a P/E ratio of 9.59, a price-to-earnings-growth ratio of 0.53 and a beta of 0.91. Lloyds Banking Group PLC has a one year low of $4.51 and a one year high of $6.34.

Lloyds Banking Group (NYSE:LYG) last announced its quarterly earnings data on Thursday, October 29th. The financial services provider reported $0.15 EPS for the quarter, beating the consensus estimate of $0.14 by $0.01. Lloyds Banking Group had a net margin of 28.13% and a return on equity of 12.66%. The company had revenue of $7.26 billion for the quarter, compared to the consensus estimate of $7.06 billion. Research analysts anticipate that Lloyds Banking Group PLC will post 0.54 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Royal Bank Of Canada lowered Lloyds Banking Group from an “outperform” rating to a “sector perform” rating in a research note on Friday, October 16th. Citigroup reaffirmed a “buy” rating on shares of Lloyds Banking Group in a research report on Thursday, July 16th. Bank of America raised shares of Lloyds Banking Group from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 1st. Weiss Ratings upgraded shares of Lloyds Banking Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday. Finally, Keefe, Bruyette & Woods cut shares of Lloyds Banking Group from a “moderate buy” rating to a “hold” rating in a research report on Friday, July 17th. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $6.00.

Lloyds Banking Group Company Profile

Lloyds Banking Group is a UK-based financial services company serving personal, business and institutional customers. Its operations include retail and commercial banking, insurance, pensions and wealth management, delivered through brands such as Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows.

The group operates primarily in the United Kingdom, offering services including current and savings accounts, mortgages, lending, payment services, business banking and insurance products.

Lloyds Banking Group was formed in 2009 following Lloyds TSB’s acquisition of HBOS.