Lloyds Banking Group PLC $LYG Shares Purchased by Savant Capital LLC

Savant Capital LLC raised its stake in Lloyds Banking Group PLC (NYSE:LYG) by 53.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 71,961 shares of the financial services provider’s stock after purchasing an additional 25,181 shares during the period. Savant Capital LLC’s holdings in Lloyds Banking Group were worth $306,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of LYG. Townsquare Capital LLC lifted its position in Lloyds Banking Group by 4.2% in the first quarter. Townsquare Capital LLC now owns 1,596,132 shares of the financial services provider’s stock valued at $6,097,000 after acquiring an additional 64,952 shares during the last quarter. ICONIQ Capital LLC increased its position in shares of Lloyds Banking Group by 194.1% during the first quarter. ICONIQ Capital LLC now owns 87,502 shares of the financial services provider’s stock worth $334,000 after purchasing an additional 57,750 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Lloyds Banking Group by 6.0% in the 1st quarter. American Century Companies Inc. now owns 7,011,774 shares of the financial services provider’s stock valued at $26,785,000 after purchasing an additional 399,866 shares during the last quarter. Raymond James Financial Inc. boosted its position in shares of Lloyds Banking Group by 5.4% in the 1st quarter. Raymond James Financial Inc. now owns 4,349,389 shares of the financial services provider’s stock valued at $16,615,000 after purchasing an additional 222,180 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Lloyds Banking Group by 20.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,351,534 shares of the financial services provider’s stock worth $5,163,000 after buying an additional 225,112 shares during the period. Hedge funds and other institutional investors own 2.15% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Lloyds Banking Group in a report on Friday, October 31st. Royal Bank Of Canada reiterated an “outperform” rating on shares of Lloyds Banking Group in a research note on Tuesday, October 28th. Wall Street Zen lowered shares of Lloyds Banking Group from a “buy” rating to a “hold” rating in a research note on Monday, October 20th. The Goldman Sachs Group upgraded shares of Lloyds Banking Group from a “neutral” rating to a “buy” rating in a research note on Tuesday, August 5th. Finally, Kepler Capital Markets upgraded Lloyds Banking Group from a “hold” rating to a “buy” rating in a research report on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Lloyds Banking Group Stock Up 0.3%

Shares of NYSE:LYG opened at $4.72 on Wednesday. Lloyds Banking Group PLC has a fifty-two week low of $2.56 and a fifty-two week high of $5.05. The company has a quick ratio of 0.53, a current ratio of 0.55 and a debt-to-equity ratio of 1.94. The firm’s 50-day simple moving average is $4.61 and its 200-day simple moving average is $4.37. The company has a market cap of $69.72 billion, a price-to-earnings ratio of 13.47, a PEG ratio of 0.65 and a beta of 1.05.

Lloyds Banking Group (NYSE:LYG) last announced its quarterly earnings data on Thursday, October 23rd. The financial services provider reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.07). Lloyds Banking Group had a net margin of 18.04% and a return on equity of 8.38%. The firm had revenue of $6.56 billion during the quarter, compared to analyst estimates of $5.02 billion. As a group, equities research analysts predict that Lloyds Banking Group PLC will post 0.27 earnings per share for the current year.

About Lloyds Banking Group

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.