12,687 Shares in Lloyds Banking Group plc (NYSE:LYG) Acquired by Simon Quick Advisors LLC

Simon Quick Advisors LLC acquired a new stake in Lloyds Banking Group plc (NYSE:LYG) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 12,687 shares of the financial services provider’s stock, valued at approximately $35,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LYG. Clearbridge Investments LLC acquired a new position in shares of Lloyds Banking Group in the second quarter worth $36,252,000. FMR LLC increased its position in Lloyds Banking Group by 14.7% in the 3rd quarter. FMR LLC now owns 19,280,034 shares of the financial services provider’s stock worth $60,154,000 after purchasing an additional 2,472,263 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Lloyds Banking Group by 58.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,659,629 shares of the financial services provider’s stock worth $20,778,000 after purchasing an additional 2,456,914 shares in the last quarter. Raymond James & Associates lifted its holdings in shares of Lloyds Banking Group by 37.4% during the 3rd quarter. Raymond James & Associates now owns 3,416,484 shares of the financial services provider’s stock valued at $10,659,000 after buying an additional 929,478 shares during the last quarter. Finally, Citigroup Inc. grew its stake in shares of Lloyds Banking Group by 58.3% in the 3rd quarter. Citigroup Inc. now owns 1,703,943 shares of the financial services provider’s stock valued at $5,316,000 after buying an additional 627,592 shares in the last quarter. Hedge funds and other institutional investors own 2.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on LYG shares. Morgan Stanley cut Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group began coverage on shares of Lloyds Banking Group in a research report on Friday, October 4th. They issued a “neutral” rating on the stock. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $2.75.

Lloyds Banking Group Stock Performance

NYSE LYG opened at $3.06 on Friday. Lloyds Banking Group plc has a twelve month low of $2.00 and a twelve month high of $3.24. The stock has a market cap of $46.29 billion, a PE ratio of 7.83 and a beta of 1.31. The firm has a 50-day simple moving average of $2.74 and a 200 day simple moving average of $2.91.

Lloyds Banking Group (NYSE:LYG) last released its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $0.10 earnings per share (EPS) for the quarter. Lloyds Banking Group had a return on equity of 9.81% and a net margin of 10.89%. The business had revenue of $10.41 billion for the quarter. During the same quarter in the prior year, the firm posted $0.10 earnings per share. Research analysts forecast that Lloyds Banking Group plc will post 0.33 earnings per share 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.