Lloyds Banking Group plc (NYSE:LYG) Shares Purchased by Janney Capital Management LLC

Janney Capital Management LLC raised its holdings in Lloyds Banking Group plc (NYSE:LYG) by 2.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 5,024,685 shares of the financial services provider’s stock after acquiring an additional 100,660 shares during the period. Janney Capital Management LLC’s holdings in Lloyds Banking Group were worth $13,014,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Naples Money Management LLC acquired a new position in Lloyds Banking Group in the fourth quarter valued at $25,000. TCG Advisory Services LLC acquired a new position in shares of Lloyds Banking Group during the 4th quarter valued at about $25,000. Atria Wealth Solutions Inc. purchased a new position in shares of Lloyds Banking Group during the 4th quarter worth about $26,000. D Orazio & Associates Inc. acquired a new stake in shares of Lloyds Banking Group in the fourth quarter worth approximately $26,000. Finally, Riversedge Advisors LLC purchased a new stake in Lloyds Banking Group in the fourth quarter valued at approximately $27,000. Hedge funds and other institutional investors own 2.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on LYG shares. BNP Paribas upgraded shares of Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a report on Friday. Deutsche Bank Aktiengesellschaft started coverage on Lloyds Banking Group in a research report on Thursday, May 9th. They set a “buy” rating for the company. Berenberg Bank began coverage on Lloyds Banking Group in a report on Thursday, April 25th. They issued a “hold” rating and a $2.75 price objective on the stock. Finally, Bank of America upgraded Lloyds Banking Group from a “neutral” rating to a “buy” rating in a report on Thursday, March 21st. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $48.19.

Lloyds Banking Group Stock Up 4.2 %

NYSE:LYG traded up $0.12 during mid-day trading on Friday, hitting $2.95. The company had a trading volume of 7,491,713 shares, compared to its average volume of 8,191,911. The business has a fifty day simple moving average of $2.75 and a 200-day simple moving average of $2.50. The firm has a market capitalization of $46.38 billion, a price-to-earnings ratio of 7.76, a PEG ratio of 1.20 and a beta of 1.35. Lloyds Banking Group plc has a 1 year low of $1.88 and a 1 year high of $2.97. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 1.82.

Lloyds Banking Group (NYSE:LYG) last announced its 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. Equities analysts forecast that Lloyds Banking Group plc will post 0.32 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.