Lloyds Banking Group plc (NYSE:LYG) Shares Bought by US Bancorp DE

US Bancorp DE increased its stake in Lloyds Banking Group plc (NYSE:LYGGet Rating) by 4.5% in the third quarter, Holdings Channel reports. The firm owned 327,973 shares of the financial services provider’s stock after purchasing an additional 14,158 shares during the period. US Bancorp DE’s holdings in Lloyds Banking Group were worth $588,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Naviter Wealth LLC raised its position in Lloyds Banking Group by 7.2% during the 3rd quarter. Naviter Wealth LLC now owns 175,361 shares of the financial services provider’s stock worth $314,000 after buying an additional 11,854 shares during the last quarter. Gitterman Wealth Management LLC purchased a new position in Lloyds Banking Group during the 3rd quarter worth approximately $125,000. Veriti Management LLC raised its position in Lloyds Banking Group by 5.7% during the 3rd quarter. Veriti Management LLC now owns 370,445 shares of the financial services provider’s stock worth $663,000 after buying an additional 20,010 shares during the last quarter. Wipfli Financial Advisors LLC purchased a new position in Lloyds Banking Group during the 3rd quarter worth approximately $68,000. Finally, Bard Financial Services Inc. raised its position in Lloyds Banking Group by 4.5% during the 3rd quarter. Bard Financial Services Inc. now owns 2,187,130 shares of the financial services provider’s stock worth $3,915,000 after buying an additional 93,500 shares during the last quarter. 2.15% of the stock is currently owned by institutional investors and hedge funds.

Lloyds Banking Group Stock Performance

Shares of NYSE LYG opened at $2.44 on Friday. The firm has a market cap of $41.03 billion, a PE ratio of 8.41, a PEG ratio of 4.90 and a beta of 1.26. The firm has a fifty day moving average of $2.24 and a 200 day moving average of $2.10. Lloyds Banking Group plc has a one year low of $1.70 and a one year high of $2.92.

Lloyds Banking Group (NYSE:LYGGet Rating) last announced its earnings results on Thursday, October 27th. The financial services provider reported $0.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.08. Lloyds Banking Group had a net margin of 17.87% and a return on equity of 8.41%. The company had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $4.97 billion. On average, equities analysts predict that Lloyds Banking Group plc will post 0.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on LYG. Morgan Stanley raised their price target on shares of Lloyds Banking Group from GBX 58 ($0.71) to GBX 60 ($0.73) in a research report on Wednesday, January 11th. Barclays cut their target price on shares of Lloyds Banking Group from GBX 55 ($0.67) to GBX 50 ($0.61) in a report on Thursday, October 20th. StockNews.com assumed coverage on shares of Lloyds Banking Group in a report on Wednesday, October 12th. They set a “hold” rating for the company. Royal Bank of Canada raised shares of Lloyds Banking Group from an “underperform” rating to an “outperform” rating in a report on Friday, November 25th. Finally, Keefe, Bruyette & Woods lowered shares of Lloyds Banking Group from an “outperform” rating to an “underperform” rating in a report on Wednesday, October 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Lloyds Banking Group has an average rating of “Hold” and an average price target of $58.00.

Lloyds Banking Group Profile

(Get Rating)

Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom. It operates through three segments: Retail; Commercial Banking; and Insurance and Wealth. 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 and small business customers.

Further Reading

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Institutional Ownership by Quarter for Lloyds Banking Group (NYSE:LYG)

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