Patriot Financial Group Insurance Agency LLC Has $1.96 Million Stock Position in Lloyds Banking Group PLC $LYG

Patriot Financial Group Insurance Agency LLC lifted its holdings in shares of Lloyds Banking Group PLC (NYSE:LYG) by 116.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 390,092 shares of the financial services provider’s stock after purchasing an additional 209,846 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Lloyds Banking Group were worth $1,962,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the stock. Fisher Asset Management LLC lifted its holdings in Lloyds Banking Group by 0.8% in the third quarter. Fisher Asset Management LLC now owns 149,958,264 shares of the financial services provider’s stock valued at $680,811,000 after buying an additional 1,129,641 shares during the period. Crossmark Global Holdings Inc. raised its position in shares of Lloyds Banking Group by 4.4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 5,079,633 shares of the financial services provider’s stock worth $23,062,000 after acquiring an additional 211,920 shares in the last quarter. Assetmark Inc. boosted its position in shares of Lloyds Banking Group by 24.0% during the 4th quarter. Assetmark Inc. now owns 3,416,144 shares of the financial services provider’s stock valued at $18,106,000 after purchasing an additional 660,256 shares in the last quarter. American Century Companies Inc. grew its stake in Lloyds Banking Group by 19.2% during the third quarter. American Century Companies Inc. now owns 8,112,276 shares of the financial services provider’s stock worth $36,830,000 after purchasing an additional 1,306,099 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in Lloyds Banking Group by 41.1% in the third quarter. JPMorgan Chase & Co. now owns 2,134,374 shares of the financial services provider’s stock valued at $9,690,000 after buying an additional 622,061 shares during the period. 2.15% of the stock is owned by institutional investors.

Lloyds Banking Group Stock Performance

Shares of LYG stock opened at $5.76 on Tuesday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.09. The firm has a fifty day simple moving average of $5.42 and a two-hundred day simple moving average of $5.43. Lloyds Banking Group PLC has a 12 month low of $3.98 and a 12 month high of $6.34. The firm has a market capitalization of $84.31 billion, a PE ratio of 13.10, a price-to-earnings-growth ratio of 0.57 and a beta of 0.87.

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. The firm had revenue of $6.87 billion for the quarter. Lloyds Banking Group had a net margin of 25.11% and a return on equity of 10.63%. Analysts forecast that Lloyds Banking Group PLC will post 0.53 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

LYG has been the subject of several recent analyst reports. Weiss Ratings downgraded shares of Lloyds Banking Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. UBS Group raised shares of Lloyds Banking Group from a “neutral” rating to a “buy” rating in a research note on Thursday, April 30th. Berenberg Bank started coverage on shares of Lloyds Banking Group in a report on Wednesday, June 24th. They set a “hold” rating on the stock. 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. Finally, Citigroup reaffirmed a “buy” rating on shares of Lloyds Banking Group in a research report on Thursday, April 30th. Seven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

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.