Cibc World Market Inc. Has $12.86 Million Holdings in Lloyds Banking Group PLC $LYG

Cibc World Market Inc. cut its holdings in Lloyds Banking Group PLC (NYSE:LYG) by 30.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,426,464 shares of the financial services provider’s stock after selling 1,039,864 shares during the period. Cibc World Market Inc.’s holdings in Lloyds Banking Group were worth $12,860,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of LYG. Tucker Asset Management LLC acquired a new stake in shares of Lloyds Banking Group in the fourth quarter worth about $27,000. Westside Investment Management Inc. increased its holdings in shares of Lloyds Banking Group by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 6,406 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 3,203 shares during the last quarter. Concord Wealth Partners raised its stake in shares of Lloyds Banking Group by 124.9% in the 3rd quarter. Concord Wealth Partners now owns 7,203 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 4,000 shares in the last quarter. Harbour Investments Inc. lifted its holdings in Lloyds Banking Group by 47.3% in the 4th quarter. Harbour Investments Inc. now owns 6,386 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 2,051 shares during the last quarter. Finally, Eagle Bay Advisors LLC bought a new stake in Lloyds Banking Group during the fourth quarter worth approximately $35,000. 2.15% of the stock is currently owned by institutional investors.

Lloyds Banking Group Price Performance

Shares of LYG stock opened at $5.32 on Friday. The company has a market capitalization of $77.73 billion, a P/E ratio of 12.08, a P/E/G ratio of 0.55 and a beta of 0.87. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.09. Lloyds Banking Group PLC has a 12 month low of $3.98 and a 12 month high of $6.34. The stock has a 50 day moving average of $5.34 and a two-hundred day moving average of $5.35.

Lloyds Banking Group (NYSE:LYG) last issued its earnings results on Tuesday, March 31st. The financial services provider reported $0.13 EPS for the quarter. Lloyds Banking Group had a return on equity of 10.63% and a net margin of 25.11%.The firm had revenue of $6.87 billion during the quarter. As a group, equities analysts expect that Lloyds Banking Group PLC will post 0.53 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on LYG. Wall Street Zen raised shares of Lloyds Banking Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. UBS Group upgraded shares of Lloyds Banking Group from a “neutral” rating to a “buy” rating in a research note on Thursday, April 30th. Citigroup reaffirmed a “buy” rating on shares of Lloyds Banking Group in a research report on Thursday, April 30th. Finally, Weiss Ratings downgraded Lloyds Banking Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Seven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

About Lloyds Banking Group

Lloyds Banking Group plc is a UK-based banking and financial services company that provides a broad range of retail, commercial and insurance products. Its principal consumer-facing brands include Lloyds Bank, Halifax and Bank of Scotland, through which it offers current accounts, savings, mortgages, credit cards and personal loans. The group also delivers services to small and medium-sized enterprises (SMEs) and larger corporate clients, supplying business accounts, lending, payments and cash-management solutions.

In addition to core banking, Lloyds operates a significant wealth and insurance arm under the Scottish Widows brand, offering life insurance, pensions, investment and retirement planning products.