Crumly & Associates Inc. Purchases 8,042 Shares of Lloyds Banking Group plc (NYSE:LYG)

Crumly & Associates Inc. boosted its position in shares of Lloyds Banking Group plc (NYSE:LYG) by 31.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,278 shares of the financial services provider’s stock after acquiring an additional 8,042 shares during the period. Crumly & Associates Inc.’s holdings in Lloyds Banking Group were worth $91,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. FMR LLC boosted its stake in Lloyds Banking Group by 14.7% during the 3rd quarter. FMR LLC now owns 19,280,034 shares of the financial services provider’s stock valued at $60,154,000 after purchasing an additional 2,472,263 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Lloyds Banking Group by 58.5% in the third quarter. JPMorgan Chase & Co. now owns 6,659,629 shares of the financial services provider’s stock valued at $20,778,000 after acquiring an additional 2,456,914 shares during the period. Raymond James & Associates grew its stake in shares of Lloyds Banking Group by 37.4% in the third quarter. Raymond James & Associates now owns 3,416,484 shares of the financial services provider’s stock worth $10,659,000 after acquiring an additional 929,478 shares during the last quarter. Citigroup Inc. raised its stake in Lloyds Banking Group by 58.3% during the 3rd quarter. Citigroup Inc. now owns 1,703,943 shares of the financial services provider’s stock valued at $5,316,000 after purchasing an additional 627,592 shares during the last quarter. Finally, Maverick Capital Ltd. bought a new stake in Lloyds Banking Group in the 3rd quarter valued at $1,405,000. 2.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley downgraded shares of Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a report on Wednesday, October 30th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $2.75.

Lloyds Banking Group Price Performance

Shares of LYG stock opened at $3.34 on Friday. The stock has a market cap of $50.65 billion, a P/E ratio of 8.55 and a beta of 1.31. The stock has a fifty day moving average price of $2.90 and a 200 day moving average price of $2.93. Lloyds Banking Group plc has a one year low of $2.13 and a one year high of $3.38.

Lloyds Banking Group (NYSE:LYG) last released its quarterly earnings data on Thursday, February 27th. The financial services provider reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). Lloyds Banking Group had a return on equity of 9.81% and a net margin of 10.89%. Equities research analysts anticipate that Lloyds Banking Group plc will post 0.33 EPS for the current year.

Lloyds Banking Group 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.