Naviter Wealth LLC Acquires 78,195 Shares of Lloyds Banking Group plc (NYSE:LYG)

Naviter Wealth LLC increased its holdings in shares of Lloyds Banking Group plc (NYSE:LYG) by 28.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 354,858 shares of the financial services provider’s stock after acquiring an additional 78,195 shares during the period. Naviter Wealth LLC’s holdings in Lloyds Banking Group were worth $919,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of LYG. Allspring Global Investments Holdings LLC purchased a new stake in shares of Lloyds Banking Group in the 1st quarter worth approximately $87,000. AlphaMark Advisors LLC increased its holdings in shares of Lloyds Banking Group by 97.9% during the first quarter. AlphaMark Advisors LLC now owns 22,867 shares of the financial services provider’s stock valued at $59,000 after acquiring an additional 11,315 shares in the last quarter. Vicus Capital purchased a new position in shares of Lloyds Banking Group in the 1st quarter worth about $79,000. Kathmere Capital Management LLC raised its holdings in Lloyds Banking Group by 153.5% in the first quarter. Kathmere Capital Management LLC now owns 89,069 shares of the financial services provider’s stock worth $231,000 after buying an additional 53,927 shares during the last quarter. Finally, Brookstone Capital Management lifted its stake in shares of Lloyds Banking Group by 12.1% in the first quarter. Brookstone Capital Management now owns 38,516 shares of the financial services provider’s stock worth $100,000 after buying an additional 4,167 shares in the last quarter. Hedge funds and other institutional investors own 2.15% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on LYG shares. Berenberg Bank began coverage on Lloyds Banking Group in a research note on Thursday, April 25th. They set a “hold” rating and a $2.75 target price on the stock. Bank of America upgraded shares of Lloyds Banking Group from a “neutral” rating to a “buy” rating in a report on Thursday, March 21st. Finally, Deutsche Bank Aktiengesellschaft began coverage on Lloyds Banking Group in a report on Thursday, May 9th. They set a “buy” rating on the stock. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $52.55.

Lloyds Banking Group Stock Down 0.4 %

LYG stock opened at $2.78 on Wednesday. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 1.82. Lloyds Banking Group plc has a twelve month low of $1.88 and a twelve month high of $2.87. The stock has a market cap of $43.70 billion, a P/E ratio of 7.32, a PEG ratio of 1.16 and a beta of 1.35. The business’s 50-day moving average price is $2.73 and its 200-day moving average price is $2.49.

Lloyds Banking Group (NYSE:LYG) last posted its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.09 EPS for the quarter. Lloyds Banking Group had a return on equity of 10.35% and a net margin of 13.41%. The business had revenue of $14.35 billion for the quarter. On average, equities research analysts forecast that Lloyds Banking Group plc will post 0.32 EPS for the current year.

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.