Traub Capital Management LLC Purchases Shares of 64,458 Lloyds Banking Group PLC $LYG

Traub Capital Management LLC acquired a new position in Lloyds Banking Group PLC (NYSE:LYG) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 64,458 shares of the financial services provider’s stock, valued at approximately $274,000.

A number of other large investors have also recently added to or reduced their stakes in LYG. Riversedge Advisors LLC grew its position in Lloyds Banking Group by 10.5% in the second quarter. Riversedge Advisors LLC now owns 25,680 shares of the financial services provider’s stock worth $109,000 after buying an additional 2,433 shares during the last quarter. Drive Wealth Management LLC grew its holdings in shares of Lloyds Banking Group by 6.8% in the 2nd quarter. Drive Wealth Management LLC now owns 41,065 shares of the financial services provider’s stock worth $175,000 after acquiring an additional 2,599 shares during the last quarter. Brighton Jones LLC raised its position in shares of Lloyds Banking Group by 16.2% during the second quarter. Brighton Jones LLC now owns 18,778 shares of the financial services provider’s stock worth $80,000 after purchasing an additional 2,613 shares during the period. Cetera Trust Company N.A lifted its holdings in shares of Lloyds Banking Group by 2.7% during the second quarter. Cetera Trust Company N.A now owns 99,725 shares of the financial services provider’s stock valued at $424,000 after purchasing an additional 2,650 shares during the last quarter. Finally, Savvy Advisors Inc. increased its stake in Lloyds Banking Group by 16.9% in the 1st quarter. Savvy Advisors Inc. now owns 21,345 shares of the financial services provider’s stock worth $82,000 after purchasing an additional 3,080 shares in the last quarter. 2.15% of the stock is currently owned by institutional investors.

Lloyds Banking Group Stock Up 0.3%

Shares of Lloyds Banking Group stock opened at $4.72 on Wednesday. The stock has a 50-day simple moving average of $4.61 and a 200-day simple moving average of $4.37. Lloyds Banking Group PLC has a 52-week low of $2.56 and a 52-week high of $5.05. The firm has a market cap of $69.72 billion, a price-to-earnings ratio of 13.47, a P/E/G ratio of 0.65 and a beta of 1.05. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.55 and a quick ratio of 0.53.

Lloyds Banking Group (NYSE:LYG) last posted its earnings results on Thursday, October 23rd. The financial services provider reported $0.05 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.07). The business had revenue of $6.56 billion during the quarter, compared to the consensus estimate of $5.02 billion. Lloyds Banking Group had a return on equity of 8.38% and a net margin of 18.04%. On average, equities research analysts expect that Lloyds Banking Group PLC will post 0.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on LYG. Royal Bank Of Canada reiterated an “outperform” rating on shares of Lloyds Banking Group in a research report on Tuesday, October 28th. Weiss Ratings reissued a “hold (c)” rating on shares of Lloyds Banking Group in a research report on Friday, October 31st. Zacks Research lowered Lloyds Banking Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 23rd. The Goldman Sachs Group upgraded Lloyds Banking Group from a “neutral” rating to a “buy” rating in a report on Tuesday, August 5th. Finally, Citigroup restated a “neutral” rating on shares of Lloyds Banking Group in a report on Monday, September 22nd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Lloyds Banking Group currently has an average rating of “Moderate Buy”.

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.