Natixis Advisors LLC Sells 358,181 Shares of Lloyds Banking Group PLC $LYG

Natixis Advisors LLC lessened its holdings in Lloyds Banking Group PLC (NYSE:LYG) by 22.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,270,284 shares of the financial services provider’s stock after selling 358,181 shares during the period. Natixis Advisors LLC’s holdings in Lloyds Banking Group were worth $6,733,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in LYG. a16z Perennial Management L.P. purchased a new stake in Lloyds Banking Group during the fourth quarter valued at approximately $65,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Lloyds Banking Group by 10.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 112,072 shares of the financial services provider’s stock worth $594,000 after acquiring an additional 10,479 shares during the last quarter. Royal Palms Capital LLC bought a new stake in shares of Lloyds Banking Group during the 4th quarter valued at $1,477,000. Harbour Investments Inc. increased its stake in shares of 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 in the last quarter. Finally, Fisher Asset Management LLC raised its holdings in Lloyds Banking Group by 0.9% in the 4th quarter. Fisher Asset Management LLC now owns 151,258,982 shares of the financial services provider’s stock worth $801,673,000 after purchasing an additional 1,300,718 shares during the period. Hedge funds and other institutional investors own 2.15% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Lloyds Banking Group Price Performance

NYSE:LYG opened at $5.32 on Monday. The business’s 50-day simple moving average is $5.34 and its two-hundred day simple moving average is $5.36. Lloyds Banking Group PLC has a 52 week low of $3.98 and a 52 week high of $6.34. The stock has a market cap of $77.73 billion, a PE ratio of 12.08, a P/E/G ratio of 0.54 and a beta of 0.87. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 2.09.

Lloyds Banking Group (NYSE:LYG) last released its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $0.13 earnings per share 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, analysts forecast that Lloyds Banking Group PLC will post 0.53 EPS for the current fiscal year.

Lloyds Banking Group Profile

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.