Allworth Financial LP Has $190,000 Stock Holdings in Lloyds Banking Group plc (NYSE:LYG)

Allworth Financial LP increased its holdings in shares of Lloyds Banking Group plc (NYSE:LYG) by 197.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 63,112 shares of the financial services provider’s stock after acquiring an additional 41,879 shares during the quarter. Allworth Financial LP’s holdings in Lloyds Banking Group were worth $190,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. FMR LLC lifted its position in shares of Lloyds Banking Group by 14.7% during 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. lifted its position 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 during the last quarter. Crossmark Global Holdings Inc. raised its holdings in Lloyds Banking Group by 0.4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 4,894,063 shares of the financial services provider’s stock valued at $15,269,000 after acquiring an additional 18,494 shares in the last quarter. Raymond James & Associates raised its holdings in Lloyds Banking Group by 37.4% in 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 acquiring an additional 929,478 shares in the last quarter. Finally, Bard Financial Services Inc. raised its holdings in Lloyds Banking Group by 0.6% in the 4th quarter. Bard Financial Services Inc. now owns 2,426,305 shares of the financial services provider’s stock valued at $6,600,000 after acquiring an additional 13,500 shares in the last quarter. Institutional investors and hedge funds own 2.15% of the company’s stock.

Analysts Set New Price Targets

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

Lloyds Banking Group Stock Up 1.1 %

Lloyds Banking Group stock opened at $3.37 on Friday. Lloyds Banking Group plc has a 12 month low of $2.25 and a 12 month high of $3.40. The stock has a market cap of $51.11 billion, a price-to-earnings ratio of 10.20 and a beta of 1.31. The business has a 50 day moving average price of $2.91 and a two-hundred day moving average price of $2.93.

Lloyds Banking Group (NYSE:LYG) last released its quarterly earnings data on Thursday, February 20th. The financial services provider reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.03). Lloyds Banking Group had a net margin of 11.45% and a return on equity of 8.46%. The company had revenue of $9.46 billion during the quarter, compared to the consensus estimate of $4.76 billion. On average, analysts expect that Lloyds Banking Group plc will post 0.27 earnings per share for the current fiscal year.

About Lloyds Banking Group

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.