Cetera Trust Company N.A Raises Position in Lloyds Banking Group plc (NYSE:LYG)

Cetera Trust Company N.A boosted its holdings in shares of Lloyds Banking Group plc (NYSE:LYG) by 8.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 97,075 shares of the financial services provider’s stock after purchasing an additional 7,600 shares during the period. Cetera Trust Company N.A’s holdings in Lloyds Banking Group were worth $264,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Aletheian Wealth Advisors LLC bought a new stake in Lloyds Banking Group in the third quarter valued at $34,000. Simon Quick Advisors LLC bought a new position in shares of Lloyds Banking Group in the 4th quarter worth about $35,000. Insigneo Advisory Services LLC bought a new position in shares of Lloyds Banking Group in the 2nd quarter worth about $42,000. Arkadios Wealth Advisors bought a new position in shares of Lloyds Banking Group in the 3rd quarter worth about $42,000. Finally, Lazari Capital Management Inc. bought a new position in shares of Lloyds Banking Group during the second quarter valued at approximately $46,000. 2.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Lloyds Banking Group Trading Up 0.2 %

Shares of Lloyds Banking Group stock opened at $3.03 on Wednesday. Lloyds Banking Group plc has a 12 month low of $2.00 and a 12 month high of $3.24. The stock has a 50 day moving average of $2.73 and a 200 day moving average of $2.91. The firm has a market cap of $45.84 billion, a PE ratio of 7.76 and a beta of 1.31.

Lloyds Banking Group (NYSE:LYG) last announced its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $0.10 earnings per share for the quarter. The company had revenue of $10.41 billion during the quarter. Lloyds Banking Group had a net margin of 10.89% and a return on equity of 9.81%. During the same quarter in the previous year, the business earned $0.10 EPS. As a group, equities research analysts forecast that Lloyds Banking Group plc will post 0.33 earnings per share for the current fiscal 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.