Lloyds Banking Group plc (NYSE:LYG) Shares Acquired by World Equity Group Inc.

World Equity Group Inc. lifted its position in Lloyds Banking Group plc (NYSE:LYG) by 134.7% in the fourth quarter, Holdings Channel reports. The firm owned 87,146 shares of the financial services provider’s stock after acquiring an additional 50,020 shares during the period. World Equity Group Inc.’s holdings in Lloyds Banking Group were worth $237,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the company. Ativo Capital Management LLC acquired a new stake in shares of Lloyds Banking Group in the 4th quarter valued at about $678,000. Crumly & Associates Inc. boosted its position in shares of Lloyds Banking Group by 31.9% in the 4th quarter. Crumly & Associates Inc. now owns 33,278 shares of the financial services provider’s stock valued at $91,000 after purchasing an additional 8,042 shares during the period. Wealth Alliance boosted its position in shares of Lloyds Banking Group by 5.0% in the 4th quarter. Wealth Alliance now owns 114,591 shares of the financial services provider’s stock valued at $312,000 after purchasing an additional 5,472 shares during the period. Global Retirement Partners LLC boosted its position in shares of Lloyds Banking Group by 4.2% in the 4th quarter. Global Retirement Partners LLC now owns 421,123 shares of the financial services provider’s stock valued at $1,145,000 after purchasing an additional 17,166 shares during the period. Finally, Timber Creek Capital Management LLC boosted its position in shares of Lloyds Banking Group by 0.6% in the 4th quarter. Timber Creek Capital Management LLC now owns 1,192,663 shares of the financial services provider’s stock valued at $3,244,000 after purchasing an additional 7,384 shares during the period. 2.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Lloyds Banking Group Stock Up 0.7 %

LYG opened at $3.40 on Tuesday. The business has a 50 day moving average price of $2.92 and a two-hundred day moving average price of $2.94. The company has a market cap of $51.56 billion, a PE ratio of 10.29 and a beta of 1.31. Lloyds Banking Group plc has a 52 week low of $2.25 and a 52 week high of $3.42.

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 the consensus estimate 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 net margin of 11.45% and a return on equity of 8.46%. As a group, sell-side analysts expect that Lloyds Banking Group plc will post 0.27 EPS for the current fiscal 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.