Mondrian Investment Partners LTD Sells 6,789,708 Shares of Lloyds Banking Group PLC $LYG

Mondrian Investment Partners LTD cut its holdings in Lloyds Banking Group PLC (NYSE:LYG) by 10.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 55,986,442 shares of the financial services provider’s stock after selling 6,789,708 shares during the quarter. Lloyds Banking Group accounts for 4.7% of Mondrian Investment Partners LTD’s investment portfolio, making the stock its 2nd largest holding. Mondrian Investment Partners LTD owned about 0.38% of Lloyds Banking Group worth $296,728,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in LYG. CIBC Bancorp USA Inc. acquired a new position in Lloyds Banking Group in the third quarter valued at approximately $63,928,000. UBS Group AG lifted its stake in Lloyds Banking Group by 53.9% in the third quarter. UBS Group AG now owns 6,614,695 shares of the financial services provider’s stock valued at $30,031,000 after buying an additional 2,317,927 shares during the period. Jane Street Group LLC lifted its stake in Lloyds Banking Group by 178.3% in the second quarter. Jane Street Group LLC now owns 2,261,115 shares of the financial services provider’s stock valued at $9,610,000 after buying an additional 1,448,691 shares during the period. Millennium Management LLC lifted its stake in Lloyds Banking Group by 17.4% in the third quarter. Millennium Management LLC now owns 8,815,679 shares of the financial services provider’s stock valued at $40,023,000 after buying an additional 1,309,359 shares during the period. Finally, American Century Companies Inc. lifted its stake in Lloyds Banking Group by 19.2% in the third quarter. American Century Companies Inc. now owns 8,112,276 shares of the financial services provider’s stock valued at $36,830,000 after buying an additional 1,306,099 shares during the period. 2.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LYG has been the subject of several recent research reports. Citigroup restated a “buy” rating on shares of Lloyds Banking Group in a report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Lloyds Banking Group in a report on Tuesday, February 3rd. UBS Group upgraded Lloyds Banking Group from a “neutral” rating to a “buy” rating in a report on Thursday, April 30th. Weiss Ratings downgraded Lloyds Banking Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Finally, Wall Street Zen upgraded Lloyds Banking Group from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Seven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Lloyds Banking Group Trading Down 0.8%

Shares of Lloyds Banking Group stock opened at $5.37 on Friday. The stock has a fifty day simple moving average of $5.27 and a 200 day simple moving average of $5.31. Lloyds Banking Group PLC has a 12-month low of $3.98 and a 12-month high of $6.34. The company has a market capitalization of $78.46 billion, a P/E ratio of 12.19, a price-to-earnings-growth ratio of 0.54 and a beta of 0.88. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.09.

Lloyds Banking Group (NYSE:LYG) last announced its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $0.13 earnings per share (EPS) for the quarter. Lloyds Banking Group had a return on equity of 10.63% and a net margin of 25.11%.The business had revenue of $6.87 billion during the quarter. On average, sell-side analysts anticipate that Lloyds Banking Group PLC will post 0.53 earnings per share 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.