Lloyds Banking Group Inc (NYSE:LYG) shares the gap at $2.13
Lloyds Banking Group plc (NYSE:LYG – Get Rating) share price fell ahead of Wednesday’s trading. The stock had previously closed at $2.13, but opened at $2.05. Shares of Lloyds Banking Group last traded at $2.08, with a volume of 84,520 shares traded in hands.
Analyst upgrades and downgrades
LYG has been the subject of a number of recent analyst reports. Bank of America upgraded Lloyds Banking Group from a “neutral” rating to a “buy” rating in a Wednesday, April 27 research note. Royal Bank of Canada raised its price target on Lloyds Banking Group from GBX 44 ($0.53) to GBX 45 ($0.54) in a Thursday, April 28 research report. UBS Group raised its price target on Lloyds Banking Group from GBX 58 ($0.69) to GBX 61 ($0.73) in a Thursday, April 28 research report. StockNews.com began covering Lloyds Banking Group in a research report on Thursday, March 31. They have placed a “holding” rating on the stock. Finally, JPMorgan Chase & Co. raised its price target on Lloyds Banking Group from GBX 60 ($0.72) to GBX 61 ($0.73) in a Thursday, May 19 research report. One analyst gave the stock a sell rating, three gave the company a hold rating and nine gave the company a buy rating. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $55.67.
Lloyds Banking Group price performance
The company has a fifty-day moving average of $2.11 and a 200-day moving average of $2.39. The company has a market capitalization of $36.07 billion, a PE ratio of 5.36, a PEG ratio of 0.20 and a beta of 1.29. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt ratio of 1.71.
Lloyds Banking Group (NYSE:LYG – Get Rating) last released quarterly earnings data on Wednesday, April 27. The financial services provider reported earnings per share (EPS) of $0.08 for the quarter, meeting analyst consensus estimates of $0.08. Lloyds Banking Group achieved a return on equity of 11.10% and a net margin of 25.36%. The company posted revenue of $5.54 billion for the quarter, versus $5.20 billion expected by analysts. As a group, research analysts predict Lloyds Banking Group plc will post 0.34 earnings per share for the current year.
Lloyds Banking Group Institutional Trading
Several institutional investors and hedge funds have recently changed their holdings in the company. Ieq Capital LLC increased its position in Lloyds Banking Group shares by 24.0% during the 4th quarter. Ieq Capital LLC now owns 20,054 shares of the financial services provider valued at $51,000 after buying 3,883 additional shares in the last quarter. Concord Wealth Partners increased its position in Lloyds Banking Group shares by 57.9% during the 4th quarter. Concord Wealth Partners now owns 12,033 shares of the financial services provider valued at $31,000 after buying an additional 4,411 shares in the last quarter. Quadrant Capital Group LLC increased its position in Lloyds Banking Group shares by 4.9% during the fourth quarter. Quadrant Capital Group LLC now owns 95,979 shares of the financial services provider valued at $245,000 after purchasing an additional 4,479 shares in the last quarter. Raymond James Trust NA increased its position in Lloyds Banking Group by 31.6% during the 4th quarter. Raymond James Trust NA now owns 20,367 shares of the financial services provider worth $52,000 after acquiring 4,885 additional shares in the last quarter. Finally, Octavia Wealth Advisors LLC increased its position in Lloyds Banking Group by 48.3% during the 4th quarter. Octavia Wealth Advisors LLC now owns 15,544 shares of the financial services provider worth $40,000 after acquiring 5,063 additional shares in the last quarter. Hedge funds and other institutional investors own 1.41% of the company’s shares.
About Lloyds Banking Group
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Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the UK. It operates through three segments: Retail; The Commercial Bank; and insurance and heritage. The Retail segment offers a range of financial services products, including current accounts, savings accounts, mortgages, auto finance, unsecured loans, leasing solutions and credit cards to individuals and to small businesses.
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