AlTi Global Inc. Invests $62,000 in Lloyds Banking Group PLC $LYG

AlTi Global Inc. purchased a new position in Lloyds Banking Group PLC (NYSE:LYG) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 14,694 shares of the financial services provider’s stock, valued at approximately $62,000.

Several other hedge funds have also recently modified their holdings of LYG. V Square Quantitative Management LLC purchased a new stake in shares of Lloyds Banking Group in the 2nd quarter worth approximately $29,000. Opal Wealth Advisors LLC purchased a new stake in Lloyds Banking Group during the second quarter valued at approximately $35,000. Earned Wealth Advisors LLC purchased a new stake in Lloyds Banking Group during the first quarter valued at approximately $38,000. Ameritas Advisory Services LLC purchased a new stake in Lloyds Banking Group during the second quarter valued at approximately $38,000. Finally, SYM FINANCIAL Corp purchased a new stake in Lloyds Banking Group during the first quarter valued at approximately $40,000. Hedge funds and other institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Trading Up 0.6%

NYSE LYG opened at $4.57 on Friday. The company has a fifty day simple moving average of $4.49 and a two-hundred day simple moving average of $4.24. The stock has a market cap of $67.66 billion, a P/E ratio of 13.04, a P/E/G ratio of 0.64 and a beta of 1.02. Lloyds Banking Group PLC has a 12-month low of $2.56 and a 12-month high of $4.69. The company has a current ratio of 1.44, a quick ratio of 0.53 and a debt-to-equity ratio of 1.68.

Lloyds Banking Group (NYSE:LYG) last issued its earnings results on Thursday, October 23rd. The financial services provider reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.07). Lloyds Banking Group had a return on equity of 8.41% and a net margin of 18.04%.The business had revenue of $6.56 billion for the quarter, compared to analysts’ expectations of $5.02 billion. On average, analysts forecast that Lloyds Banking Group PLC will post 0.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

LYG has been the subject of a number of analyst reports. Keefe, Bruyette & Woods raised shares of Lloyds Banking Group from a “hold” rating to a “moderate buy” rating in a research report on Thursday, July 17th. Citigroup reissued a “neutral” rating on shares of Lloyds Banking Group in a research report on Monday, September 22nd. JPMorgan Chase & Co. raised shares of Lloyds Banking Group from an “underweight” rating to a “neutral” rating in a research report on Friday, August 1st. The Goldman Sachs Group raised shares of Lloyds Banking Group from a “neutral” rating to a “buy” rating in a report on Tuesday, August 5th. Finally, Kepler Capital Markets raised shares of Lloyds Banking Group from a “hold” rating to a “buy” rating in a report on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy”.

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.